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

Church & Dwight (NYSE:CHD - Get Free Report) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $106.00 to $98.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential downside of 5.51% from the stock's current price.

A number of other equities research analysts have also weighed in on CHD. Stifel Nicolaus boosted their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Truist Financial boosted their price target on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Piper Sandler decreased their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, Barclays increased their price target on shares of Church & Dwight from $93.00 to $97.00 and gave the stock an "underweight" rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $112.75.

Church & Dwight Stock Down 1.3 %

Shares of CHD stock traded down $1.35 during trading hours on Friday, reaching $103.72. 506,541 shares of the company's stock were exchanged, compared to its average volume of 1,507,683. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a market cap of $25.53 billion, a price-to-earnings ratio of 43.76, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The stock's 50 day moving average is $107.25 and its 200-day moving average is $106.09.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the prior year, the firm earned $0.65 earnings per share. Analysts predict that Church & Dwight will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock worth $7,538,449 in the last quarter. Corporate insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Church & Dwight

Several large investors have recently modified their holdings of CHD. Norges Bank purchased a new stake in Church & Dwight in the 4th quarter valued at about $318,532,000. JPMorgan Chase & Co. increased its position in shares of Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after acquiring an additional 1,190,154 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Church & Dwight by 12,489.8% in the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock worth $94,886,000 after acquiring an additional 855,049 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Church & Dwight in the 4th quarter valued at approximately $76,565,000. Finally, World Investment Advisors LLC purchased a new stake in Church & Dwight in the third quarter valued at approximately $58,338,000. Institutional investors and hedge funds own 86.60% of the company's stock.

About Church & Dwight

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.