Church & Dwight (NYSE:CHD) Sets New 12-Month Low on Analyst Downgrade

Church & Dwight Co., Inc. (NYSE:CHDGet Rating)’s share price reached a new 52-week low on Thursday after Truist Financial downgraded the stock from a buy rating to a hold rating. The company traded as low as $79.42 and last traded at $80.36, with a volume of 10553 shares traded. The stock had previously closed at $81.54.

Several other research analysts have also recently issued reports on CHD. JPMorgan Chase & Co. raised their target price on shares of Church & Dwight from $84.00 to $86.00 in a report on Thursday, July 21st. Morgan Stanley lowered their price target 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 lowered 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. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Church & Dwight from $93.00 to $90.00 in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their price target on shares of Church & Dwight from $104.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $93.07.

Institutional Investors Weigh In On Church & Dwight

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Riverview Trust Co purchased a new stake in Church & Dwight during the 1st quarter worth approximately $30,000. SeaCrest Wealth Management LLC purchased a new stake in Church & Dwight during the 2nd quarter worth approximately $30,000. US Asset Management LLC purchased a new stake in Church & Dwight during the 1st quarter worth approximately $36,000. Zions Bancorporation N.A. increased its stake in Church & Dwight by 50.8% during the 2nd quarter. Zions Bancorporation N.A. now owns 389 shares of the company’s stock worth $36,000 after buying an additional 131 shares during the period. Finally, Heritage Wealth Advisors increased its stake in Church & Dwight by 171.2% during the 2nd quarter. Heritage Wealth Advisors now owns 396 shares of the company’s stock worth $37,000 after buying an additional 250 shares during the period. 82.59% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

The firm’s 50 day moving average is $89.38 and its two-hundred day moving average is $93.27. The stock has a market capitalization of $19.81 billion, a PE ratio of 25.89, a P/E/G ratio of 3.40 and a beta of 0.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 1.01.

Church & Dwight (NYSE:CHDGet Rating) last announced its quarterly earnings data 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts predict that Church & Dwight Co., Inc. will post 3 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, August 12th. Church & Dwight’s dividend payout ratio is presently 33.33%.

About Church & Dwight

(Get Rating)

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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