Key Points
- Church & Dwight EVP Surabhi Pokhriyal sold 21,970 shares for about $2.44 million, reducing her stake by 96.08% to 896 shares.
- The company beat quarterly earnings and revenue expectations, reporting EPS of $0.92 and revenue of $1.60 billion; revenue grew 1% year over year.
- Church & Dwight declared a quarterly dividend of $0.3075 per share, equivalent to a 1.1% annual yield. Analysts’ consensus rating was “Hold,” with an average price target of $108.44.
Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) EVP Surabhi Pokhriyal sold 21,970 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $111.23, for a total value of $2,443,723.10. Following the completion of the sale, the executive vice president owned 896 shares of the company's stock, valued at $99,662.08. This trade represents a 96.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Church & Dwight Stock Down 0.4%
CHD stock opened at $111.62 on Friday. The stock has a market capitalization of $26.35 billion, a P/E ratio of 30.94, a P/E/G ratio of 3.97 and a beta of 0.45. The firm has a 50-day simple moving average of $101.07 and a 200-day simple moving average of $98.55. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.40. Church & Dwight Co., Inc. has a 52 week low of $81.49 and a 52 week high of $114.64.
Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, October 30th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.41%. The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current fiscal year.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $0.3075 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.1%. Church & Dwight's payout ratio is 37.85%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CHD. Morgan Stanley boosted their target price on Church & Dwight from $112.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $105.00 to $109.00 and gave the company a "neutral" rating in a research note on Monday, November 2nd. UBS Group upped their price target on Church & Dwight from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Monday, November 2nd. Wall Street Zen upgraded shares of Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, October 10th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Church & Dwight in a research report on Wednesday, October 14th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and an average price target of $108.44.
View Our Latest Analysis on Church & Dwight
Hedge Funds Weigh In On Church & Dwight
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Church & Dwight during the 2nd quarter worth about $2,174,535,000. Allspring Global Investments Holdings LLC raised its stake in Church & Dwight by 51.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company's stock worth $468,902,000 after purchasing an additional 1,709,090 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Church & Dwight by 18.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,925,749 shares of the company's stock worth $283,447,000 after buying an additional 457,445 shares during the period. Bank of America Corp DE lifted its stake in shares of Church & Dwight by 28.9% in the 1st quarter. Bank of America Corp DE now owns 2,548,871 shares of the company's stock valued at $237,861,000 after purchasing an additional 572,085 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Church & Dwight by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,170,890 shares of the company's stock valued at $202,597,000 after buying an additional 64,803 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.
About Church & Dwight
(
Get Free Report)
Church & Dwight is a consumer products company whose history traces to 1846, when John Dwight and Austin Church began producing baking soda. The company is best known for its ARM & HAMMER brand and sells household, personal care, and specialty products under a portfolio of owned brands. Its products include laundry detergents and cleaners, oral care items, cat litter, deodorants, condoms, pregnancy and ovulation tests, hair-removal products, and water flossers. Brands include OxiClean, Trojan, First Response, Nair, Waterpik, and TheraBreath, alongside ARM & HAMMER.
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