Church & Dwight Company, Inc. (NYSE:CHD) has been assigned an average recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $49.82.
Several equities research analysts recently weighed in on CHD shares. Morgan Stanley cut their target price on shares of Church & Dwight from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. BidaskClub raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Goldman Sachs Group reissued a “sell” rating on shares of Church & Dwight in a research report on Wednesday, October 4th. Finally, Macquarie assumed coverage on shares of Church & Dwight in a research report on Friday, September 15th. They issued a “neutral” rating and a $52.00 target price on the stock.
Church & Dwight (NYSE CHD) traded up $0.60 during trading hours on Thursday, reaching $49.06. 3,290,000 shares of the company’s stock traded hands, compared to its average volume of 2,300,000. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12,260.00, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.87 and a beta of 0.56. Church & Dwight has a 12 month low of $43.21 and a 12 month high of $54.18.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.76 annualized dividend and a yield of 1.55%. Church & Dwight’s dividend payout ratio (DPR) is currently 43.68%.
Church & Dwight announced that its Board of Directors has approved a share repurchase program on Thursday, November 2nd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, CFO Richard A. Dierker bought 1,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $43.66 per share, with a total value of $50,034.36. Following the completion of the transaction, the chief financial officer now owns 6,411 shares of the company’s stock, valued at $279,904.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Farrell bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $43.83 per share, for a total transaction of $219,150.00. Following the completion of the transaction, the chief executive officer now directly owns 103,685 shares of the company’s stock, valued at approximately $4,544,513.55. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Thrivent Financial For Lutherans lifted its position in Church & Dwight by 0.3% during the second quarter. Thrivent Financial For Lutherans now owns 9,410 shares of the company’s stock valued at $488,000 after buying an additional 30 shares in the last quarter. Veritable L.P. increased its stake in shares of Church & Dwight by 0.7% in the second quarter. Veritable L.P. now owns 6,417 shares of the company’s stock worth $333,000 after buying an additional 47 shares during the last quarter. North Star Asset Management Inc. increased its stake in shares of Church & Dwight by 2.0% in the second quarter. North Star Asset Management Inc. now owns 5,010 shares of the company’s stock worth $260,000 after buying an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Church & Dwight by 5.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock worth $106,000 after buying an additional 108 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Church & Dwight by 1.4% in the second quarter. Nordea Investment Management AB now owns 10,061 shares of the company’s stock worth $522,000 after buying an additional 143 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.
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About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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