Church & Dwight (NYSE:CHD) to Buyback $500.00 million in Shares

Marco Green
November 14, 2017

On November 6 BMO Capital Markets held the company rating at "Hold" targeting a price of $45.00. On October 16, 2017 KeyCorp reiterated a "Hold" rating on the stock. (NYSE:CHD)'s stock was 3.05%. Corporate insiders own 2.17% of the company's stock. (NYSE:CHD) had an excellent day at the stock market, with its price going up by 1.70%, to $44.75. The P/E ratio is now 26.27 and market capitalization is 11.41B.

Over the past 50 days, Church & Dwight Co., Inc. stock was -9.94% off of the high and 6.27% removed from the low.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st.

Hope Bancorp, Inc. (NASDAQ:HOPE) closed up +0.3 points or 1.76% at $17.33 with 0.44 mln shares exchanging hands. (NYSE:CHD) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.49 EPS for the quarter, topping the Zacks' consensus estimate of $0.47 by $0.02. Profit margins are at 12.30% while the operating margin stands at 19.00%. The business had revenue of $967.90 million for the quarter, compared to analysts' expectations of $937.20 million. During the same period in the previous year, the firm earned $0.47 EPS. As of the latest earnings report the EPS was $1.74 with 249.93M shares now outstanding. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases.

Church & Dwight declared that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that authorizes the company to repurchase $500.00 million in shares. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This news story was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & global trademark & copyright legislation. It has been assigned a low target price of $41 and a high target price of $58. This leaves us with a quarter on quarter earnings per share growth of 10.70%. Also, VP Paul A. Siracusa sold 122,707 shares of Church & Dwight Co. stock in a transaction dated Friday, September 2nd. Pictet Asset Management Ltd. now owns 91,452 shares of the company's stock valued at $8,300,000 after buying an additional 4,280 shares during the period. The shares were sold at an average price of $99.86, for a total transaction of $189,634.14. Aviva PLC owns 1,085,654 shares valued at $52,589,000. Sterling Capital Management LLC increased its holdings in Church & Dwight by 4.0% in the second quarter. The stock is performing -20.83% year to date. Insiders own 2.00% of the company's stock. The shares were sold at an average price of $50.01, for a total transaction of $6,136,577.07. The disclosure for this sale can be found here. Dimensional Fund Advisors Lp grew its ownership by buying 7,101 shares an increase of 0.8% as of 09/30/2017. Westpac Banking Corp now owns 115,863 shares of the company's stock worth $5,614,000 after acquiring an additional 100,129 shares during the period.

News articles about Church & Dwight (NYSE:CHD) have been trending somewhat positive this week, Accern reports.

Ubs Asset Management Americas Inc isn't the only one who has changed their investment in CHD. Huntington National Bank now owns 726,553 shares of the company's stock valued at $35,202,000 after acquiring an additional 21,739 shares in the last quarter. Finally, Citigroup Inc. boosted their target price on Church & Dwight Co. from $51.50 to $55.00 and gave the company a "neutral" rating in a research report on Friday, August 5th. Over the past twelve months, Church & Dwight Co., Inc. They are one of the leading companies in the Cleaning Products in USA. The Company also sells specialty products to industrial customers and distributors.

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