Alliancebernstein L.P. Has $41.80 Million Stock Position in Church & Dwight Co., Inc. $CHD

Key Points

• Alliancebernstein L.P. increased its stake in Church & Dwight Co., Inc. by 21.7% in the 1st quarter, now holding approximately $41.80 million worth of shares.
• Church & Dwight's stock price rose to $94.44, with a market capitalization of $23.01 billion and a PE ratio of 44.55.
• The company recently announced a quarterly dividend of $0.295, representing an annualized yield of 1.2% and a dividend payout ratio of 55.66%.

Alliancebernstein L.P. raised its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 21.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 379,702 shares of the company's stock after buying an additional 67,635 shares during the quarter. Alliancebernstein L.P. owned about 0.15% of Church & Dwight worth $41,801,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Church & Dwight by 4.9% in the first quarter. AQR Capital Management LLC now owns 1,069,816 shares of the company's stock valued at $117,081,000 after acquiring an additional 50,412 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Church & Dwight by 15.1% in the first quarter. Advisors Asset Management Inc. now owns 84,125 shares of the company's stock worth $9,261,000 after purchasing an additional 11,055 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Church & Dwight by 13.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 214,474 shares of the company's stock worth $23,611,000 after purchasing an additional 25,600 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in Church & Dwight by 124.5% in the first quarter. Federation des caisses Desjardins du Quebec now owns 19,514 shares of the company's stock worth $2,148,000 after purchasing an additional 10,822 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Church & Dwight in the first quarter valued at approximately $268,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Analysts Set New Price Targets

CHD has been the subject of several analyst reports. UBS Group boosted their price objective on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wells Fargo & Company upped their target price on Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Rothschild & Co Redburn downgraded shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price on the stock. in a research note on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $103.94.

Church & Dwight Price Performance

NYSE:CHD traded down $0.76 during mid-day trading on Friday, hitting $93.66. The company's stock had a trading volume of 494,969 shares, compared to its average volume of 2,038,414. 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 $22.82 billion, a price-to-earnings ratio of 44.17, a P/E/G ratio of 3.84 and a beta of 0.44. The stock has a fifty day moving average of $94.79 and a 200-day moving average of $99.20.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.94 earnings per share 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 analysts' expectations of $1.48 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The company's quarterly revenue 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 forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

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

Insider Buying and Selling at Church & Dwight

In related news, EVP Lee B. Mcchesney bought 5,409 shares of Church & Dwight stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average price of $91.38 per share, with a total value of $494,274.42. Following the acquisition, the executive vice president owned 5,409 shares of the company's stock, valued at approximately $494,274.42. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carlen Hooker sold 6,380 shares of Church & Dwight stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $98.30, for a total transaction of $627,154.00. Following the sale, the executive vice president directly owned 262 shares of the company's stock, valued at $25,754.60. The trade was a 96.06% decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 12,879 shares of company stock valued at $1,177,702 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Company 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.