Church & Dwight Co (NYSE:CHD) Rating Downgrade

New York-listed Church & Dwight Co (NYSE:CHD), was cut by stock analysts at Bank of America (Merrill Lynch). Bank of America (Merrill Lynch) cut its rating on the $12.10B market cap company to Underperform from a previous Neutral.

The rating downgrade was noticed by equity traders, as NYSE:CHD is now trading -0.52% lower at $93.42 as of 08:07 New York time. Church & Dwight Co shares have increased 16.19% over the last 200 days, while the S&P500 has risen 0.85% over the same time period.

Out of 13 analysts covering Church & Dwight Co, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $106 and the lowest is $79 according to Thomson/First Call. The 12-month mean target is $92.62, which means downside potential of 0.86% over the current price.

NYSE:CHD Price Chart & Trend

The stock price of Church & Dwight Co risen 16.19% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, Church & Dwight Co is up 7.86% and up 9.64%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Reik & Co. Llc had the biggest stake with ownership of 1.03 million shares as of Q2 2015 for 27.02% of the fund’s portfolio. Quality Growth Management Inc. is another very bullish fund who is owning 88,705 shares of Church & Dwight Co or 7.42% of their fund’s portfolio. Furthermore, Ami Asset Management Corp have 4.44% of their fund’s portfolio invested in the company for 735,075 shares. The Massachusetts-based fund S&Co Inc disclosed it had purchased a stake worth about 4.22% of the fund’s stock portfolio in Church & Dwight Co. The Washington-based fund Marshall & Sullivan Inc Wa is also positive about the stock, possessing 355,602 shares or 4.19% of their fund’s portfolio.Over the last six months, Church & Dwight Co NYSE:CHD has seen 0 insider buying transactions, and 10 insider selling transactions. The net result was for 10 transactions, worth $13.06M.

Church & Dwight Co (NYSE:CHD) Profile

Church & Dwight Co., Inc. develops, manufactures and markets a range of household, personal care and specialty products. The Company operates in three segments. The Consumer Domestic segment provides the power brands (ARM & HAMMER, TROJAN, OXICLEAN, SPINBRUSH, FIRST RESPONSE, NAIR, ORAJEL, XTRA, L’IL CRITTERS and VITAFUSION) and other household and personal care products, such as SCRUB FREE, KABOOM and ORANGE GLO cleaning products, ANSWER home pregnancy and ovulation test kits, ARRID antiperspirant and CLOSE-UP and AIM toothpastes.

Church & Dwight Co (NYSE:CHD) traded down -0.52% on 18 April, hitting $93.42. A total of 578,969 shares of the company’s stock traded hands. This is down from average of 772,751 shares. Church & Dwight Co has a 52 week low of $76.85 and a 52 week high of $94.95. The company has a market cap of $12.10 billion and a P/E ratio of 30.43.

Get the latest Church & Dwight Co (NYSE:CHD) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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