Trade Report: Today, Church & Dwight Co. (CHD) Given “Buy” Rating at Jefferies Group

Today, Church & Dwight Co. (CHD) Given “Buy” Rating at Jefferies Group

Church & Dwight Co. (NYSE:CHD)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a research report issued to clients and investors on Monday. They currently have a $53.00 price objective on the stock, down from their previous price objective of $59.00. Jefferies Group’s target price suggests a potential upside of 17.62% from the stock’s current price.

Several other equities research analysts have also recently issued reports on CHD. Deutsche Bank AG boosted their price objective on shares of Church & Dwight Co. from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Citigroup Inc. upped their price target on shares of Church & Dwight Co. from $51.50 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Zacks Investment Research cut shares of Church & Dwight Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Stifel Nicolaus assumed coverage on shares of Church & Dwight Co. in a research report on Monday, July 11th. They issued a “hold” rating for the company. Finally, Atlantic Securities assumed coverage on shares of Church & Dwight Co. in a research report on Monday, October 10th. They issued a “neutral” rating and a $51.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.23.

Shares of Church & Dwight Co. (NYSE:CHD) traded up 0.90% during midday trading on Monday, reaching $45.06. 438,049 shares of the company traded hands. Church & Dwight Co. has a 1-year low of $38.42 and a 1-year high of $53.68. The company has a market capitalization of $11.65 billion, a PE ratio of 25.97 and a beta of 0.46. The company has a 50 day moving average price of $46.24 and a 200 day moving average price of $48.48.

Church & Dwight Co. (NYSE:CHD) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company earned $870.70 million during the quarter, compared to analysts’ expectations of $883.83 million. Church & Dwight Co. had a net margin of 13.19% and a return on equity of 22.67%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. On average, analysts expect that Church & Dwight Co. will post $1.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.1775 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.71 dividend on an annualized basis and a yield of 1.58%. Church & Dwight Co.’s payout ratio is 40.92%.

In related news, EVP Richard A. Dierker purchased 1,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were acquired at an average price of $44.82 per share, for a total transaction of $44,820.00. Following the purchase, the executive vice president now owns 5,200 shares of the company’s stock, valued at approximately $233,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Craigie sold 28,029 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $100.00, for a total transaction of $2,802,900.00. Following the transaction, the director now owns 38,475 shares in the company, valued at approximately $3,847,500. The disclosure for this sale can be found here. Company insiders own 2.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ETRADE Capital Management LLC raised its position in shares of Church & Dwight Co. by 90.7% in the third quarter. ETRADE Capital Management LLC now owns 49,534 shares of the company’s stock worth $2,374,000 after buying an additional 23,560 shares during the last quarter. D.A. Davidson & CO. raised its stake in Church & Dwight Co. by 103.0% in the third quarter. D.A. Davidson & CO. now owns 167,319 shares of the company’s stock worth $8,015,000 after buying an additional 84,905 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Church & Dwight Co. during the third quarter worth $293,000. Colony Group LLC raised its stake in Church & Dwight Co. by 127.4% in the third quarter. Colony Group LLC now owns 11,408 shares of the company’s stock worth $547,000 after buying an additional 6,391 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Church & Dwight Co. by 104.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 916,508 shares of the company’s stock worth $43,919,000 after buying an additional 468,214 shares during the last quarter. Institutional investors and hedge funds own 61.15% of the company’s stock.

About Church & Dwight Co.

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