Church & Dwight (NYSE:CHD) Downgraded to "Strong Sell" Rating by Redburn Atlantic

Church & Dwight (NYSE:CHD - Get Free Report) was downgraded by Redburn Atlantic from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

CHD has been the subject of several other reports. Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Redburn Partners set a $83.00 target price on shares of Church & Dwight in a research report on Monday. Evercore ISI lowered their price target on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Truist Financial set a $110.00 price objective on shares of Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, Rothschild & Co Redburn downgraded Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price on the stock. in a research report on Monday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $104.38.

Church & Dwight Price Performance

CHD stock traded down $1.54 during trading on Monday, hitting $95.53. The company had a trading volume of 2,036,889 shares, compared to its average volume of 2,059,808. The company has a market cap of $23.53 billion, a P/E ratio of 28.55, a P/E/G ratio of 3.89 and a beta of 0.51. Church & Dwight has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $96.73 and a two-hundred day moving average price of $102.43.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. Church & Dwight's revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. Equities research analysts expect that Church & Dwight will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Church & Dwight

In other news, EVP Michael Read acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $92.07 per share, with a total value of $276,210.00. Following the transaction, the executive vice president owned 5,505 shares of the company's stock, valued at $506,845.35. This trade represents a 119.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Penry W. Price sold 14,660 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the completion of the transaction, the director owned 27,043 shares in the company, valued at approximately $2,518,514.59. This represents a 35.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,575 shares of company stock worth $4,910,586 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Church & Dwight

A number of hedge funds have recently added to or reduced their stakes in the company. IAG Wealth Partners LLC lifted its holdings in shares of Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in Church & Dwight during the 4th quarter valued at about $40,000. Wayfinding Financial LLC bought a new stake in shares of Church & Dwight in the first quarter worth approximately $40,000. Versant Capital Management Inc raised its holdings in shares of Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Church & Dwight during the second quarter valued at approximately $45,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.