Jefferies Group LLC Trims Church & Dwight Company, Inc. (CHD) Target Price to $58.00

Church & Dwight Company, Inc. (NYSE:CHD) had its price target cut by Jefferies Group LLC from $63.00 to $58.00 in a research report sent to investors on Friday. They currently have a buy rating on the stock. Jefferies Group also issued estimates for Church & Dwight’s Q4 2017 earnings at $0.51 EPS and FY2018 earnings at $2.12 EPS.

Other equities research analysts have also recently issued research reports about the company. KeyCorp restated a hold rating on shares of Church & Dwight in a report on Monday, October 16th. BMO Capital Markets set a $50.00 target price on Church & Dwight and gave the company a hold rating in a report on Monday, July 17th. Zacks Investment Research upgraded Church & Dwight from a hold rating to a buy rating and set a $58.00 target price on the stock in a report on Friday, July 7th. UBS AG reiterated a sell rating and set a $48.00 target price (up previously from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Finally, Bank of America Corporation increased their target price on Church & Dwight from $51.00 to $53.00 and gave the company an underperform rating in a report on Monday, July 10th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Church & Dwight presently has an average rating of Hold and a consensus target price of $50.40.

Church & Dwight (NYSE CHD) traded down $0.24 during midday trading on Friday, reaching $43.68. The company’s stock had a trading volume of 1,046,813 shares, compared to its average volume of 2,018,459. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.05 and a quick ratio of 0.70. Church & Dwight has a 52 week low of $42.56 and a 52 week high of $54.18. The firm has a market cap of $10,976.72, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $967.90 million for the quarter, compared to analysts’ expectations of $937.20 million. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. research analysts predict that Church & Dwight will post 1.92 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Tuesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 43.68%.

Church & Dwight declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the transaction, the director now directly owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven J. Katz sold 11,200 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $50.17, for a total value of $561,904.00. Following the completion of the transaction, the vice president now directly owns 4,458 shares in the company, valued at $223,657.86. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CHD. Vanguard Group Inc. grew its stake in shares of Church & Dwight by 1.3% during the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock valued at $1,441,451,000 after acquiring an additional 345,265 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Church & Dwight by 0.8% during the third quarter. Bessemer Group Inc. now owns 4,852,760 shares of the company’s stock valued at $235,117,000 after acquiring an additional 38,507 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Church & Dwight by 28.2% during the third quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock valued at $93,169,000 after acquiring an additional 423,267 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Church & Dwight by 13.1% during the third quarter. APG Asset Management N.V. now owns 1,795,728 shares of the company’s stock valued at $87,003,000 after acquiring an additional 207,400 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Church & Dwight by 158.9% during the second quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock valued at $92,964,000 after acquiring an additional 1,099,670 shares in the last quarter. 79.96% of the stock is currently owned by institutional investors.

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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