CL Colgate-Palmolive Company
Colgate-Palmolive Co. is engaged in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care; and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors. The Pet Nutrition segment offers pet nutrition products for dogs and cats. The company was founded by William Colgate in 1806 and is headquartered in New York, NY.
Company profile
Ticker
CL
Exchange
Website
CEO
Ian M. Cook / Noel R. Wallace
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
131815595
CL stock data
()
Calendar
31 Jul 20
3 Aug 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|
| Revenue | 3.9B | 4.1B | 4.02B | 3.93B | |
| Net income | 675M | 748M | 682M | 627M | |
| Diluted EPS | 0.74 | 0.83 | 0.75 | 0.67 | |
| Net profit margin | 17.32% | 18.26% | 16.99% | 15.96% | |
| Operating income | 946M | 952M | 931M | 856M | |
| Net change in cash | 143M | -29M | -65M | 85M | |
| Cash on hand | 997M | 854M | 883M | 948M | |
| Cost of revenue | 1.53B | 1.63B | 1.6B | 1.61B |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 15.69B | 15.54B | 15.45B | 15.2B | |
| Net income | 2.53B | 2.56B | 2.17B | 2.59B | |
| Diluted EPS | 2.75 | 2.75 | 2.28 | 2.72 | |
| Net profit margin | 16.10% | 16.46% | 14.07% | 17.02% | |
| Operating income | 3.55B | 3.69B | 3.71B | 3.96B | |
| Net change in cash | 157M | -809M | 220M | 345M | |
| Cash on hand | 883M | 726M | 1.54B | 1.32B | |
| Cost of revenue | 6.37B | 6.31B | 6.17B | 6.07B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 Jul 20 | John P Bilbrey | Common Stock | Grant | Aquire A | No | 72.82 | 240 | 17.48K | 16,433 |
| 1 Jul 20 | Lorrie M Norrington | Common Stock | Grant | Aquire A | No | 72.82 | 223 | 16.24K | 19,245 |
| 1 Jul 20 | Gayle Helene D | Common Stock | Grant | Aquire A | No | 72.82 | 240 | 17.48K | 20,147 |
| 13 May 20 | Polk Michael B | Common Stock | Sell | Dispose S | No | 68.0836 | 3,115 | 212.08K | 17,507 |
| 13 May 20 | Polk Michael B | Common Stock | Option exercise | Aquire M | No | 63.77 | 3,293 | 209.99K | 20,622 |
| 13 May 20 | Polk Michael B | Stock Option Common Stock | Option exercise | Dispose M | No | 63.77 | 3,293 | 209.99K | 0 |
Institutional ownership Q1 2020
77.1% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 1459 |
| Opened positions | 111 |
| Closed positions | 128 |
| Increased positions | 484 |
| Reduced positions | 620 |
13F shares |
Current |
|---|---|
| Total value | 387.56B |
| Total shares | 660.78M |
| Total puts | 3.03M |
| Total calls | 5.07M |
| Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 79.96M | $5.31B |
| BLK BlackRock | 58.82M | $3.9B |
| STT State Street | 55.95M | $3.71B |
| Massachusetts Financial Services | 35.13M | $2.33B |
| Wellington Management | 26.6M | $1.77B |
| BK Bank of New York Mellon | 18.6M | $1.23B |
| Geode Capital Management | 14.19M | $940.02M |
| Capital World Investors | 12.5M | $829.74M |
| First Eagle Investment Management | 12.48M | $827.99M |
| Loomis Sayles & Co L P | 10.72M | $711.05M |
Financial report summary
?Competition
Church & Dwight • Revlon • Hain Celestial • Prestige Consumer Healthcare • Williamsville Sears Management • FreshpetRisks
- We face risks associated with significant international operations, including exposure to foreign currency fluctuations.
- Significant competition in our industry could adversely affect our business.
- Increasing dependence on key retailers in developed markets, changes in the policies of our retail trade customers, the emergence of alternative retail channels and the rapidly changing retail landscape may adversely affect our business.
- Our business is subject to legal and regulatory risks in the U.S. and abroad.
- The growth of our business depends on the successful identification, development and launch of innovative new products.
- Damage to our reputation could have an adverse effect on our business.
- There is no guarantee that our ongoing efforts to reduce costs will be successful.
- Volatility in material and other costs could adversely impact our profitability.
- Our success depends upon our ability to attract and retain key employees and the succession of senior management.
- Legal claims and proceedings could adversely impact our business.
- Disruption in our global supply chain or key office facilities could adversely impact our business.
- A cyber-security incident, data breach or a failure of a key information technology system could adversely impact our business.
- Uncertain global economic conditions, disruptions in the credit markets or changes to our credit ratings may adversely affect our business.
- We have pursued and may continue to pursue acquisitions and divestitures, which could adversely impact our business.
- Tax matters, including changes in tax rates, disagreements with taxing authorities and imposition of new taxes could negatively impact our business.
- Climate change may have an adverse impact on our business and results of operations.
Management Discussion
- Colgate-Palmolive Company (together with its subsidiaries, “we,” the “Company” or “Colgate”) seeks to deliver strong, consistent business results and superior shareholder returns by providing consumers globally with products that make their lives healthier and more enjoyable.
- To this end, we are tightly focused on two product segments: Oral, Personal and Home Care; and Pet Nutrition. Within these segments, we follow a closely defined business strategy to grow our key product categories and increase our overall market share. Within the categories in which we compete, we prioritize our efforts based on their capacity to maximize the use of the organization’s core competencies and strong global equities and to deliver sustainable long-term growth.
- Operationally, we are organized along geographic lines with management teams having responsibility for the business and financial results in each region. We compete in more than 200 countries and territories worldwide with established businesses in all regions contributing to our sales and profitability. Approximately 70% of our Net sales are generated from markets outside the U.S., with approximately 50% of our Net sales coming from emerging markets (which consist of Latin America, Asia (excluding Japan), Africa/Eurasia and Central Europe). This geographic diversity and balance help to reduce our exposure to business and other risks in any one country or part of the world.
Content analysis
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| Litigous | ||
| Readability |
H.S. senior Avg
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New words:
behavior, Belgium, caption, Caribbean, club, depending, destocking, disciplined, dramatically, embracing, geography, gradual, granted, half, Hong, infection, Kong, lifting, motion, offer, planet, post, predict, rebuild, reimagining, reopening, reproduced, resume, situation, staggered, Switzerland, trend, vary, varying
Removed:
agreement, arrangement, assessed, exercise, Jersey, mouthwash, order, Russia, satisfy, strategic, stronger, surrendered
Financial reports
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
26 Jul 19
10-Q
2019 Q1
Quarterly report
26 Apr 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
26 Oct 18
10-Q
2018 Q2
Quarterly report
27 Jul 18
10-Q
2018 Q1
Quarterly report
27 Apr 18
Current reports
8-K
Results of Operations and Financial Condition
31 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
14 May 20
8-K
Results of Operations and Financial Condition
1 May 20
8-K
Departure of Directors or Certain Officers
11 Mar 20
8-K
Results of Operations and Financial Condition
31 Jan 20
8-K
Results of Operations and Financial Condition
1 Nov 19
8-K
Other Events
20 Sep 19
8-K
Results of Operations and Financial Condition
26 Jul 19
8-K
Other Events
11 Jul 19
8-K
Departure of Directors or Certain Officers
24 Jun 19
Registration and prospectus
8-A12B
Registration of securities on exchange
12 Nov 19
424B2
Prospectus for primary offering
5 Nov 19
FWP
Free writing prospectus
4 Nov 19
424B2
Prospectus for primary offering
4 Nov 19
25-NSE
Exchange delisting
14 May 19
S-8
Registration of securities for employees
10 May 19
8-A12B
Registration of securities on exchange
6 Mar 19
424B2
Prospectus for primary offering
27 Feb 19
FWP
Free writing prospectus
26 Feb 19
424B2
Prospectus for primary offering
26 Feb 19
Proxies
DEFA14A
Additional proxy soliciting materials
17 Apr 20
DEFA14A
Additional proxy soliciting materials
25 Mar 20
DEF 14A
Definitive proxy
25 Mar 20
DEFA14A
Additional proxy soliciting materials
18 Apr 19
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 19
DEFA14A
Additional proxy soliciting materials
20 Apr 18
DEF 14A
Definitive proxy
28 Mar 18
DEFA14A
Additional proxy soliciting materials
28 Mar 18
DEFA14A
Additional proxy soliciting materials
21 Apr 17
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
31 May 17
UPLOAD
Letter from SEC
10 May 17
CORRESP
Correspondence with SEC
27 Apr 17
UPLOAD
Letter from SEC
4 Apr 17
NO ACT
No action letter
1 Feb 17
UPLOAD
Letter from SEC
26 Jul 16
CORRESP
Correspondence with SEC
8 Jul 16
Ownership
3
COLGATE PALMOLIVE / Sally Massey ownership change
9 Jul 20
4
COLGATE PALMOLIVE / Helene D Gayle ownership change
2 Jul 20
4
COLGATE PALMOLIVE / JOHN P BILBREY ownership change
2 Jul 20
4
COLGATE PALMOLIVE / LORRIE M NORRINGTON ownership change
2 Jul 20
4
COLGATE PALMOLIVE / MICHAEL B POLK ownership change
14 May 20
4
COLGATE PALMOLIVE / STEPHEN I SADOVE ownership change
13 May 20
4
COLGATE PALMOLIVE / JOHN T CAHILL ownership change
13 May 20
4
COLGATE PALMOLIVE / MARTINA HUNDMEJEAN ownership change
13 May 20
4
COLGATE PALMOLIVE / Lisa Edwards ownership change
13 May 20
4
COLGATE PALMOLIVE / MICHAEL B POLK ownership change
13 May 20
Patents
APP
Utility
Aluminum-Free Antiperspirant / Deodorant Compositions
24 Oct 19
An aluminum-free antiperspirant/deodorant composition is disclosed.
APP
Utility
Extruded Antiperspirant Composition for Improved Efficacy
24 Oct 19
The present disclosure is directed to an extruded antiperspirant composition including: a) a solid component including: a solid structurant including at least one high melt wax, a powder including an antiperspirant active agent and b) a liquid component.
APP
Utility
Cleaning Compositions and Methods for Modifying Turbidity
24 Oct 19
A cleaning composition includes at least two anionic surfactants, an ionic agent, a nonionic surfactant and a fragrance.
GRANT
Design
Oral care implement
22 Oct 19
Inventors: Daniel Wainless, Christina Herrmann
GRANT
Utility
Oral care implement
22 Oct 19
An oral care implement having an arrangement of tooth cleaning elements thereon.