JPMorgan Chase & Co. Issues Pessimistic Forecast for Church & Dwight (NYSE:CHD) Stock Price

Church & Dwight (NYSE:CHD) had its price target cut by stock analysts at JPMorgan Chase & Co. from $107.00 to $106.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 2.85% from the stock’s previous close.

A number of other brokerages have also weighed in on CHD. Piper Sandler reduced their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Barclays boosted their price target on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus raised their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.47.

Church & Dwight Price Performance

Shares of CHD stock traded down $1.37 on Friday, reaching $103.06. The company had a trading volume of 227,061 shares, compared to its average volume of 1,519,637. The business’s 50-day moving average is $105.36 and its 200 day moving average is $104.66. Church & Dwight has a one year low of $96.35 and a one year high of $113.50. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $25.35 billion, a PE ratio of 43.49, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the prior year, the business posted $0.65 earnings per share. Equities research analysts forecast that Church & Dwight will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Church & Dwight

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the sale, the director now directly owns 32,500 shares of the company’s stock, valued at $3,448,575. The trade was a 23.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rick Spann sold 39,520 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares of the company’s stock, valued at $556,976. This trade represents a 88.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,522 shares of company stock valued at $5,487,555. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Church & Dwight

A number of institutional investors have recently modified their holdings of CHD. Vanguard Group Inc. raised its holdings in Church & Dwight by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock worth $3,213,661,000 after buying an additional 193,602 shares during the last quarter. State Street Corp increased its position in shares of Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after acquiring an additional 969,006 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after acquiring an additional 429,863 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after acquiring an additional 1,190,154 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Church & Dwight by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock valued at $617,794,000 after acquiring an additional 148,234 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.