Perhaps timely catching Church & Dwight Co. Inc. (CHD) would be a good idea

Church & Dwight Co. Inc. (NYSE: CHD) stock jumped 0.68% on Friday to $75.20 against a previous-day closing price of $74.69. With 1.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.52 million shares. During the session, the Household & Personal Products company that operates in wider Consumer Defensive sector, reached to the highest price of $75.65 whereas the lowest price it dropped to was $74.16. The 52-week range on CHD shows that it touched its highest point at $105.28 and its lowest point at $74.67 during that stretch. It currently has a 1-year price target of $88.47. With its current market cap of 18.39 billion, CHD has annualized dividend of $1.05 while the current yield stands at 1.40%. Beta for the stock currently stands at 0.36.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CHD was down-trending over the past week, with a drop of -2.39%, but this was down by -13.19% over a month. Three-month performance dropped to -17.06% while six-month performance fell -22.59%. The stock lost -9.63% in the past year, while it has lost -26.63% so far this year. A look at the trailing 12-month EPS for CHD yields 3.15 with Next year EPS estimates of 3.21. For the next quarter, that number is 0.65. This implies an EPS growth rate of 6.40% for this year and 7.75% for next year. EPS is expected to grow by 4.62% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.60%.

Float and Shares Shorts:

At present, 242.60 million CHD shares are outstanding with a float of 242.44 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.15 million, which was 1.71% higher than short shares on Jun 14, 2022. In addition to Mr. Matthew Thomas Farrell as the firm’s Pres, CEO & Chairman, Mr. Richard A. Dierker serves as its CFO, Exec. VP & Head of Bus. Operations.


Institutional Ownership:

Through their ownership of 86.33% of CHD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.36% of CHD, in contrast to 38.89% held by mutual funds. Shares owned by individuals account for 3.34%. As the largest shareholder in CHD with 11.41% of the stake, The Vanguard Group, Inc. holds 27,715,183 shares worth 27,715,183. A second-largest stockholder of CHD, Manulife Investment Management Lt, holds 26,085,991 shares, controlling over 10.74% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CHD, holding 14,070,454 shares or 5.79% stake. With a 10.56% stake in CHD, the Manulife Balanced Income Private is the largest stakeholder. A total of 25,647,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.96% of CHD stock, is the second-largest Mutual Fund holder. It holds 7,189,181 shares valued at 601.81 million. Fundsmith Equity Fund holds 2.86% of the stake in CHD, owning 6,954,649 shares worth 582.17 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CHD since 22 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 5 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 3 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CHD analysts setting a high price target of $105.00 and a low target of $70.00, the average target price over the next 12 months is $87.60. Based on these targets, CHD could surge 39.63% to reach the target high and fall by -6.91% to reach the target low. Reaching the average price target will result in a growth of 16.49% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CHD will report FY 2022 earnings on 01/27/2023. Analysts have provided yearly estimates in a range of $3.05 being high and $2.95 being low. For CHD, this leads to a yearly average estimate of $2.98. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Church & Dwight Co. Inc. surprised analysts by $0.04 when it reported $0.76 EPS against a consensus estimate of $0.72. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.78 and the low estimate is $0.63. The average estimate for the next quarter is thus $0.66.

Summary of Insider Activity:

Insiders traded CHD stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 6,069 shares were bought while 0 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 1,566,694 while 1,562,793 shares were sold.

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