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Cambridge Investment Research Advisors Inc. Reduces Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Defense World · Sep 25, 2022 05:01

Cambridge Investment Research Advisors Inc. reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,695 shares of the company's stock after selling 1,163 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Church & Dwight were worth $5,809,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $203,912,000. ProShare Advisors LLC lifted its holdings in shares of Church & Dwight by 2,289.4% during the first quarter. ProShare Advisors LLC now owns 1,574,224 shares of the company's stock worth $156,447,000 after purchasing an additional 1,508,341 shares during the period. BlackRock Inc. lifted its holdings in shares of Church & Dwight by 2.8% during the fourth quarter. BlackRock Inc. now owns 19,102,645 shares of the company's stock worth $1,958,022,000 after purchasing an additional 514,589 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Church & Dwight by 138.8% during the first quarter. JPMorgan Chase & Co. now owns 885,081 shares of the company's stock worth $87,958,000 after purchasing an additional 514,497 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Church & Dwight by 278.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 643,901 shares of the company's stock worth $66,000,000 after purchasing an additional 473,680 shares during the period. 82.59% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 5,000 shares of the business's stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $76.77, for a total value of $383,850.00. Following the completion of the transaction, the executive vice president now owns 6,259 shares of the company's stock, valued at approximately $480,503.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Church & Dwight Trading Up 0.0 %

NYSE:CHD opened at $75.22 on Friday. The company has a market capitalization of $18.27 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 3.75 and a beta of 0.35. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. Church & Dwight Co., Inc. has a 52-week low of $74.16 and a 52-week high of $105.28. The stock has a fifty day simple moving average of $85.73 and a 200-day simple moving average of $91.78.

Church & Dwight (NYSE:CHD – Get Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business's revenue was up 4.2% on a year-over-year basis. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 2.97 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, August 12th. Church & Dwight's payout ratio is 33.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CHD shares. Bank of America started coverage on Church & Dwight in a report on Wednesday, September 14th. They set an "underperform" rating for the company. Wells Fargo & Company decreased their price target on Church & Dwight from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, September 7th. Jefferies Financial Group decreased their price target on Church & Dwight from $101.00 to $98.00 and set a "buy" rating for the company in a report on Wednesday, September 14th. JPMorgan Chase & Co. increased their price objective on Church & Dwight from $84.00 to $86.00 in a research report on Thursday, July 21st. Finally, Morgan Stanley cut their price objective on Church & Dwight from $86.00 to $82.00 and set an "underweight" rating for the company in a research report on Monday, August 1st. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $91.64.

Church & Dwight Profile

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.