Group 1: Company Overview - Church & Dwight Co., Inc. (NYSE:CHD) is recognized as the leading US producer of sodium bicarbonate, commonly known as baking soda, and operates a diverse portfolio of personal care, household, and specialty brands [5] Group 2: Recent Developments - On January 5, Wells Fargo maintained an Overweight rating on Church & Dwight but reduced its price target from $100 to $92 as part of an update to its models across Beverage, Food, and Home and Personal Care sectors, extending these assumptions into 2026 [2] - In December, Church & Dwight completed a strategic review of its vitamins, minerals, and supplements (VMS) business, announcing a definitive agreement to sell the VitaFusion and L'il Critters brands to Piping Rock Health Products [3] - The VMS business represents less than 5% of the expected net sales for 2025, indicating that the sale will have a limited impact on the overall business [4] Group 3: Financial Implications - The company anticipates a one-time, after-tax charge of $40 million to $45 million in the fourth quarter of 2025 related to the sale, which includes net proceeds, a non-cash impairment, and costs associated with the transition and transaction [4]
Wells Fargo Reworks 2026 Staples Outlook, Cuts Church & Dwight (CHD) Target