The various market reports regarding Church & Dwight (CHD) suggest mixed outcomes, with some potential hurdles in the company's near future. Despite significantly beating Q2 earnings and revenue estimates, the company's stock has been underperforming compared to its competitors. A lack of fresh catalysts has resulted in a ratings cut at Morgan Stanley. Recent leadership transitions, including the announcement of a new CEO, add an element of uncertainty to the company's direction.
The company is largely controlled by institutional shareholders, who currently own 88% of its shares. Among these, some major stakes have been increased recently, including by Susquehanna Fundamental Investments and Sei Investments Co. However, others like Proshare Advisors and Rathbones Group have trimmed their positions in the company.
Notably, the company has been adjusting its forecasts, lowering its sales guidance due to consumer caution. Finally, Church & Dwight have a strong forward outlook, expected to present at the Barclays Global Consumer Staples Conference.
Church Dwight CHD News Analytics from Fri, 02 Feb 2024 08:00:00 GMT to Sun, 29 Sep 2024 13:09:19 GMT - Rating 4 - Innovation 2 - Information 7 - Rumor -5
