Key Points
- Church & Dwight director Janet Vergis sold 11,590 shares for $1.30 million at an average price of $112, reducing her stake by 35.36% to 21,188 shares.
- The company beat quarterly estimates, reporting EPS of $0.92 versus $0.90 expected and revenue of $1.60 billion, up 1% year over year.
- Church & Dwight declared a quarterly dividend of $0.3075 per share, equivalent to an annualized yield of about 1.1%; analysts’ consensus rating was Hold, with a $108.44 price target.
Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Janet Vergis sold 11,590 shares of the business's stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $112.00, for a total value of $1,298,080.00. Following the sale, the director owned 21,188 shares of the company's stock, valued at $2,373,056. The trade was a 35.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Church & Dwight Trading Up 1.0%
CHD traded up $1.12 on Friday, reaching $112.85. 1,417,365 shares of the company's stock were exchanged, compared to its average volume of 2,091,089. The company's 50 day moving average is $101.36 and its 200-day moving average is $98.65. The company has a market cap of $26.64 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 3.96 and a beta of 0.45. Church & Dwight Co., Inc. has a twelve month low of $81.49 and a twelve month 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.
Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.92 EPS for the quarter, beating 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%. Church & Dwight's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. Equities analysts predict that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current year.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.3075 dividend. 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 is presently 37.85%.
Hedge Funds Weigh In On Church & Dwight
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Entropy Technologies LP grew its position in Church & Dwight by 214.9% in the third quarter. Entropy Technologies LP now owns 55,222 shares of the company's stock valued at $5,203,000 after acquiring an additional 37,686 shares in the last quarter. First National Bank of Omaha raised its stake in shares of Church & Dwight by 1.5% during the third quarter. First National Bank of Omaha now owns 31,571 shares of the company's stock valued at $2,975,000 after purchasing an additional 479 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Church & Dwight during the third quarter valued at approximately $520,000. Marshall Wace LLP raised its stake in shares of Church & Dwight by 1,160.6% during the third quarter. Marshall Wace LLP now owns 217,031 shares of the company's stock valued at $20,449,000 after purchasing an additional 199,815 shares during the period. Finally, Advisory Alpha LLC lifted its position in shares of Church & Dwight by 16.5% during the third quarter. Advisory Alpha LLC now owns 5,720 shares of the company's stock worth $539,000 after purchasing an additional 810 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Church & Dwight in a research note on Wednesday, October 14th. TD Cowen restated a "hold" rating and set a $115.00 target price (up from $97.00) on shares of Church & Dwight in a report on Tuesday, November 3rd. UBS Group upped their price target on shares of Church & Dwight from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, November 2nd. Wells Fargo & Company reiterated an "overweight" rating and issued a $115.00 price target (up from $105.00) on shares of Church & Dwight in a report on Monday, November 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Church & Dwight from $105.00 to $109.00 and gave the company a "neutral" rating in a research report on Monday, November 2nd. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $108.44.
Check Out Our Latest Research Report on Church & Dwight
Church & Dwight Company Profile
(
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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