Key Points
- EVP Michael Read sold 8,700 Church & Dwight shares at an average $112.29, receiving about $976,923; the sale reduced his reported holdings by 84.48% to 1,598 shares.
- Church & Dwight’s latest quarter beat analyst expectations, reporting EPS of $0.92 versus $0.90 forecast and revenue of $1.60 billion versus $1.58 billion; revenue rose 1% year over year.
- Analyst views remain mixed, with the stock carrying a consensus “Hold” rating. The company also declared a quarterly dividend of $0.3075 per share, equivalent to a 1.1% annualized yield.
Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Ravichandra Saligram sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $112.69, for a total transaction of $563,450.00. Following the sale, the director directly owned 3,653 shares of the company's stock, valued at approximately $411,656.57. This represents a 57.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Church & Dwight Trading Down 0.5%
Shares of NYSE:CHD opened at $111.46 on Friday. The stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 3.96 and a beta of 0.45. Church & Dwight Co., Inc. has a 1-year low of $81.49 and a 1-year high of $114.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.96. The company has a 50 day moving average price of $100.00 and a 200 day moving average price of $98.08.
Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Church & Dwight had a net margin of 12.41% and a return on equity of 20.28%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.77 EPS for the current fiscal year.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.23 annualized dividend and a dividend yield of 1.1%. Church & Dwight's dividend payout ratio (DPR) is currently 37.85%.
Wall Street Analysts Forecast Growth
CHD has been the topic of a number of recent research reports. TD Cowen restated a "hold" rating and issued a $115.00 target price (up from $97.00) on shares of Church & Dwight in a report on Tuesday. Oppenheimer upped their target price on Church & Dwight from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, October 28th. Citigroup upped their target price on Church & Dwight from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Monday. Barclays increased their price target on Church & Dwight from $83.00 to $89.00 and gave the company an "underweight" rating in a research report on Tuesday. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $115.00 price target on shares of Church & Dwight in a research note on Monday, August 3rd. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $108.44.
Get Our Latest Stock Report on CHD
Institutional Investors Weigh In On Church & Dwight
A number of large investors have recently made changes to their positions in CHD. Maryland State Retirement & Pension System boosted its stake in Church & Dwight by 12.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 14,138 shares of the company's stock worth $1,332,000 after purchasing an additional 1,617 shares during the period. Jacobi Capital Management LLC grew its position in Church & Dwight by 6.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 5,535 shares of the company's stock worth $521,000 after purchasing an additional 339 shares in the last quarter. Machina Capital S.A.S. raised its stake in Church & Dwight by 19.6% during the 3rd quarter. Machina Capital S.A.S. now owns 48,605 shares of the company's stock valued at $4,580,000 after purchasing an additional 7,959 shares during the period. Confluence Wealth Services Inc. acquired a new stake in Church & Dwight during the 3rd quarter valued at $304,000. Finally, New York Life Investment Management LLC raised its stake in Church & Dwight by 1.3% during the 3rd quarter. New York Life Investment Management LLC now owns 40,973 shares of the company's stock valued at $3,860,000 after purchasing an additional 534 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.
More Church & Dwight News
Here are the key news stories impacting Church & Dwight this week:
- Positive Sentiment: Wells Fargo reiterated its “overweight” rating and raised its target to $115; Morgan Stanley lifted its target to $117, and reports also cite favorable calls from JPMorgan and Citigroup. The analyst optimism follows Church & Dwight’s recent quarterly earnings and revenue beat. Wells Fargo rating
- Neutral Sentiment: Analyst opinion is not uniformly bullish: Morgan Stanley’s higher target came with an “equal weight” rating, and Barclays maintained a “sell” rating. This disagreement tempers the positive target revisions. Barclays rating
- Negative Sentiment: Several company insiders reported selling shares, led by CEO Richard Dierker, who sold 83,340 shares (about $9.1 million), reducing his holdings by 68.31%. EVP Michael Read sold 8,700 shares, and Director Ravichandra Saligram sold 5,000; director Bradley Irwin also recently sold 4,300. The filings do not specify why the shares were sold, but the transactions may create a near-term sentiment headwind. CEO filing EVP filing Director filing
About Church & Dwight
(
Get Free Report)
Church & Dwight Co, Inc is a consumer packaged goods company that develops, manufactures and markets household, personal care and specialty products. Its portfolio is anchored by the ARM & HAMMER brand, which is used across products such as baking soda, laundry detergent, cat litter, household cleaners, oral care products and personal care items.
The company also markets a broad range of branded products, including OxiClean laundry and cleaning products, Trojan sexual wellness products, Waterpik oral health devices, First Response pregnancy and fertility tests, Nair hair-removal products, Orajel oral pain relief, TheraBreath oral care products, and vitamins and supplements sold under the Vitafusion and L'il Critters brands.
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