Adage Capital Partners GP L.L.C. Boosts Stock Position in Church & Dwight Co., Inc. $CHD

Key Points

• Adage Capital Partners increased its ownership of Church & Dwight Co., Inc. by 13.6%, acquiring an additional 25,600 shares, bringing its total stake to approximately 0.09% of the company valued at $23,611,000.
• The company reported earnings of $0.94 per share, surpassing analysts' estimates, with revenue of $1.51 billion for the quarter, reflecting a 0.3% year-over-year decline.
• Church & Dwight announced a quarterly dividend of $0.295 per share, resulting in an annualized dividend of $1.18 and a dividend yield of 1.2%.

Adage Capital Partners GP L.L.C. grew its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 13.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 214,474 shares of the company's stock after buying an additional 25,600 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Church & Dwight worth $23,611,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHD. Mercer Global Advisors Inc. ADV increased its stake in shares of Church & Dwight by 53.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,511 shares of the company's stock valued at $1,101,000 after buying an additional 3,659 shares during the period. Aptus Capital Advisors LLC increased its stake in shares of Church & Dwight by 63.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,557 shares of the company's stock valued at $372,000 after buying an additional 1,384 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Church & Dwight by 68.6% in the 4th quarter. BNP Paribas Financial Markets now owns 432,537 shares of the company's stock valued at $45,291,000 after buying an additional 176,063 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Church & Dwight by 3.6% in the 4th quarter. Benjamin Edwards Inc. now owns 11,713 shares of the company's stock valued at $1,226,000 after buying an additional 411 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Church & Dwight in the 4th quarter valued at $15,298,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Down 2.6%

NYSE:CHD traded down $2.51 during midday trading on Wednesday, hitting $92.40. 341,114 shares of the company were exchanged, compared to its average volume of 2,042,481. The company has a fifty day simple moving average of $94.97 and a 200 day simple moving average of $99.34. Church & Dwight Co., Inc. has a fifty-two week low of $90.50 and a fifty-two week high of $116.46. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $22.51 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 3.91 and a beta of 0.44.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business earned $0.93 EPS. Church & Dwight's revenue for the quarter was down .3% compared to the same quarter last year. Church & Dwight has set its FY 2025 guidance at 3.440-3.510 EPS. Q3 2025 guidance at 0.720-0.720 EPS. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. Church & Dwight's dividend payout ratio is presently 55.66%.

Analyst Ratings Changes

A number of brokerages recently commented on CHD. Redburn Atlantic cut Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Redburn Partners set a $83.00 price objective on Church & Dwight in a research note on Monday, July 14th. Evercore ISI decreased their price objective on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research note on Monday, August 4th. Barclays decreased their price objective on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Finally, Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $100.00 to $114.00 in a research note on Monday, June 2nd. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $103.94.

Insider Transactions at Church & Dwight

In other Church & Dwight news, CEO Richard A. Dierker acquired 5,470 shares of the stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer owned 27,212 shares of the company's stock, valued at approximately $2,491,802.84. This trade represents a 25.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Carlen Hooker sold 6,380 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total transaction of $627,154.00. Following the transaction, the executive vice president directly owned 262 shares in the company, valued at $25,754.60. The trade was a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 12,879 shares of company stock valued at $1,177,702 over the last ninety days. 1.20% of the stock is owned by insiders.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.