Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) – Investment analysts at William Blair cut their Q4 2022 earnings estimates for Church & Dwight in a research report issued on Tuesday, September 6th. William Blair analyst J. Andersen now expects that the company will earn $0.74 per share for the quarter, down from their prior forecast of $0.78. The consensus estimate for Church & Dwight’s current full-year earnings is $3.00 per share.
Other research analysts also recently issued research reports about the stock. Morgan Stanley lowered their price objective on shares of Church & Dwight from $86.00 to $82.00 and set an “underweight” rating on the stock in a research report on Monday, August 1st. UBS Group decreased their price target on shares of Church & Dwight from $104.00 to $98.00 and set a “neutral” rating on the stock in a research report on Monday, August 1st. Barclays reduced their price objective on shares of Church & Dwight from $76.00 to $73.00 and set an “underweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $84.00 to $86.00 in a research note on Thursday, July 21st. Finally, Credit Suisse Group cut their target price on shares of Church & Dwight from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $93.07.
Church & Dwight Trading Down 0.9 %
Church & Dwight (NYSE:CHD – Get Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis.
Hedge Funds Weigh In On Church & Dwight
A number of institutional investors and hedge funds have recently made changes to their positions in CHD. Norges Bank bought a new stake in shares of Church & Dwight in the 4th quarter worth about $203,912,000. ProShare Advisors LLC lifted its holdings in shares of Church & Dwight by 2,289.4% in the 1st quarter. ProShare Advisors LLC now owns 1,574,224 shares of the company’s stock worth $156,447,000 after acquiring an additional 1,508,341 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Church & Dwight by 20.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,413,438 shares of the company’s stock worth $594,270,000 after acquiring an additional 1,095,598 shares during the last quarter. Fundsmith LLP lifted its holdings in shares of Church & Dwight by 5.8% in the 4th quarter. Fundsmith LLP now owns 11,658,319 shares of the company’s stock worth $1,194,978,000 after acquiring an additional 635,823 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Church & Dwight by 264.7% in the 2nd quarter. Victory Capital Management Inc. now owns 762,727 shares of the company’s stock worth $70,675,000 after acquiring an additional 553,611 shares during the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a $0.2625 dividend. The ex-dividend date was Friday, August 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.30%. Church & Dwight’s payout ratio is currently 33.33%.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry 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 analgesics 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; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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