JPMorgan Chase & Co. Boosts Church & Dwight (NYSE:CHD) Price Target to $99.00

Church & Dwight (NYSE:CHD) had its price objective hoisted by JPMorgan Chase & Co. from $98.00 to $99.00 in a report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other analysts also recently commented on CHD. Wells Fargo & Company boosted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen assumed coverage on Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target on the stock. Stifel Nicolaus reduced their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a report on Monday, September 9th. Finally, Barclays upped their target price on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.10.

Church & Dwight Stock Performance

CHD opened at $102.96 on Monday. Church & Dwight has a 1-year low of $86.23 and a 1-year high of $110.31. The company has a market capitalization of $25.21 billion, a price-to-earnings ratio of 46.17, a price-to-earnings-growth ratio of 3.87 and a beta of 0.55. The business has a 50 day moving average price of $102.92 and a two-hundred day moving average price of $104.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts predict that Church & Dwight will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Institutional Trading of Church & Dwight

A number of institutional investors have recently bought and sold shares of CHD. Millennium Management LLC raised its stake 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. Marshall Wace LLP raised its position in Church & Dwight by 4,161.5% during the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after acquiring an additional 1,074,588 shares in the last quarter. Capital Research Global Investors acquired a new stake in Church & Dwight in the first quarter valued at approximately $69,384,000. Assenagon Asset Management S.A. increased its stake in shares of Church & Dwight by 394.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock worth $35,147,000 after purchasing an additional 267,801 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Church & Dwight by 5.5% during 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. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.