Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Church & Dwight (NYSE:CHD) Stock

Church & Dwight (NYSE:CHD) had its price target increased by Deutsche Bank Aktiengesellschaft from $114.00 to $115.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently weighed in on CHD. Wells Fargo & Company lifted their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler began coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, August 5th. TD Cowen assumed coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They set a “buy” rating and a $116.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $108.05.

Church & Dwight Trading Down 0.9 %

Shares of NYSE:CHD opened at $103.21 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of 46.28, a PEG ratio of 3.78 and a beta of 0.55. Church & Dwight has a 1-year low of $86.41 and a 1-year high of $110.31. The company has a 50 day moving average price of $103.01 and a 200 day moving average price of $104.02.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. On average, research analysts anticipate that Church & Dwight will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.2838 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. Church & Dwight’s dividend payout ratio is 50.67%.

Insider Buying and Selling

In other Church & Dwight news, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the transaction, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Church & Dwight

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors lifted its position in shares of Church & Dwight by 1.0% during the 1st quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock worth $948,968,000 after buying an additional 92,862 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Church & Dwight by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company’s stock valued at $786,566,000 after purchasing an additional 153,127 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Church & Dwight by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after purchasing an additional 175,221 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Church & Dwight by 1.8% in the 1st quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock worth $186,028,000 after purchasing an additional 31,145 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after purchasing an additional 1,217,568 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in 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; 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 showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.