Church & Dwight (CHD) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Church & Dwight (NYSE: CHD):

  • 11/5/2018 – Church & Dwight had its price target raised by analysts at Morgan Stanley from $50.00 to $55.00. They now have a “sell” rating on the stock.
  • 11/3/2018 – Church & Dwight was given a new $54.00 price target on by analysts at Barclays PLC. They now have a “sell” rating on the stock.
  • 11/2/2018 – Church & Dwight had its price target raised by analysts at JPMorgan Chase & Co. from $58.00 to $63.00. They now have a “neutral” rating on the stock.
  • 11/2/2018 – Church & Dwight had its price target raised by analysts at Citigroup Inc from $60.00 to $66.00. They now have a “neutral” rating on the stock.
  • 11/2/2018 – Church & Dwight had its price target raised by analysts at BMO Capital Markets from $55.00 to $62.00. They now have a “hold” rating on the stock.
  • 10/29/2018 – Church & Dwight had its price target raised by analysts at Jefferies Financial Group Inc from $65.00 to $68.00. They now have a “buy” rating on the stock. They wrote, “CHD reported a strong 3Q, incl. EPS of $0.58 (vs. YoY org sales (+5.4% in consumer) vs. Street +3.5%. Topline/GM % beat drove high- quality ~5% OI upside. CHD guided up FY18 org sales (~4% vs. ~3.5%) and updated its EPS outlook to $2.27 (vs. Street $2.28) as co. appropriately invests upside to sustain topline momentum. Quality of results (accelerating org sales, GM %/EPS beat) stand out in beleagured HPC group – CHD should trade higher. Strong 3Q stands out in a beleagured HPC group: CHD’s 3Q revs of $1,038M beat Street est. of $1,022M by 1.5% on +4.7% org sales, or +5.4% ex-Specialty (vs. +3.5% Street and +3% per CHD’s guidance), which continues to look very strong in comparison to HPC industry peers (i.e., PG/KMB/CL/CLX).””
  • 10/10/2018 – Church & Dwight was downgraded by analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating. They now have a $51.00 price target on the stock.
  • 10/4/2018 – Church & Dwight had its price target raised by analysts at Bank of America Corp from $55.00 to $58.00. They now have an “underperform” rating on the stock.
  • 10/3/2018 – Church & Dwight was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Although Church & Dwight has outdone the industry in the past month, the trend may reverse in the near term, on account of dismal gross margin performance and underlying weakness in its Specialty Products unit. In fact, the company’s gross margin remains pressurized due to increased commodity and transport costs. These hurdles, along with oral care product recall issues led to a gloomy gross margin outlook for 2018. Nonetheless, expected market share and volume gains, focus on product launches and productivity programs encouraged management to slightly pull up its top and bottom-line views. Apart from these the company’s acquisitions, international business and innovations have been yielding well. These factors helped the company retain its sturdy surprise record in second-quarter 2018, wherein both the top and bottom lines rose year over year. Also, strength in global consumer products has been fueling organic sales.”
  • 9/27/2018 – Church & Dwight had its price target raised by analysts at Oppenheimer Holdings Inc. from $60.00 to $66.00. They now have an “outperform” rating on the stock.
  • 9/20/2018 – Church & Dwight is now covered by analysts at Atlantic Securities. They set an “overweight” rating and a $70.00 price target on the stock.
  • 9/12/2018 – Church & Dwight was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

NYSE CHD opened at $67.88 on Wednesday. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 2.87 and a beta of 0.31. Church & Dwight Co., Inc. has a fifty-two week low of $43.42 and a fifty-two week high of $67.91. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.77.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue was up 7.2% on a year-over-year basis. Analysts forecast that Church & Dwight Co., Inc. will post 2.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a $0.2175 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.87 annualized dividend and a dividend yield of 1.28%. Church & Dwight’s dividend payout ratio is presently 44.85%.

In related news, Director Robert K. Shearer sold 16,718 shares of Church & Dwight stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the transaction, the director now owns 45,826 shares in the company, valued at approximately $2,649,659.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arthur B. Winkleblack sold 8,058 shares of Church & Dwight stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $55.94, for a total value of $450,764.52. Following the completion of the transaction, the director now owns 75,187 shares of the company’s stock, valued at approximately $4,205,960.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 658,140 shares of company stock valued at $40,360,431. 2.00% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of CHD. OppenheimerFunds Inc. increased its stake in Church & Dwight by 80,441.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after buying an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN increased its stake in Church & Dwight by 45.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock worth $182,283,000 after buying an additional 1,064,241 shares in the last quarter. Comgest Global Investors S.A.S. increased its stake in Church & Dwight by 49.7% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,842,200 shares of the company’s stock worth $168,741,000 after buying an additional 944,200 shares in the last quarter. Compass Capital Management Inc. purchased a new stake in Church & Dwight during the 2nd quarter worth approximately $29,544,000. Finally, Boston Advisors LLC increased its stake in Church & Dwight by 348.1% during the 2nd quarter. Boston Advisors LLC now owns 622,943 shares of the company’s stock worth $33,116,000 after buying an additional 483,922 shares in the last quarter. Institutional investors own 85.19% of the company’s stock.

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.

See Also: Cost of Capital

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