Allstate Corp Sells 3,390 Shares of Church & Dwight Co., Inc. $CHD

Key Points

• Allstate Corp sold 3,390 shares of Church & Dwight Co., Inc., reducing its stake by 45.8% to a total of 4,019 shares valued at approximately $442,000.
• The company reported earnings per share of $0.94 for the most recent quarter, surpassing analysts' expectations, with revenue of $1.51 billion.
• Church & Dwight announced a quarterly dividend of $0.295 to be paid on September 2nd, reflecting an annualized yield of 1.3%.

Allstate Corp reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 45.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,019 shares of the company's stock after selling 3,390 shares during the period. Allstate Corp's holdings in Church & Dwight were worth $442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. IAG Wealth Partners LLC raised its stake in Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after buying an additional 130 shares during the period. Wayfinding Financial LLC bought a new position in shares of Church & Dwight during the first quarter worth approximately $40,000. Versant Capital Management Inc increased its stake in shares of Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after purchasing an additional 112 shares during the period. Bernard Wealth Management Corp. bought a new position in shares of Church & Dwight during the fourth quarter worth approximately $42,000. Finally, Chilton Capital Management LLC increased its stake in shares of Church & Dwight by 90.9% during the first quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock worth $46,000 after purchasing an additional 200 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Price Performance

Shares of Church & Dwight stock traded down $0.88 during trading on Thursday, hitting $92.16. The stock had a trading volume of 1,511,210 shares, compared to its average volume of 2,348,288. Church & Dwight Co., Inc. has a 12 month low of $90.50 and a 12 month high of $116.46. The business's 50-day moving average is $95.27 and its 200 day moving average is $99.99. The firm has a market cap of $22.45 billion, a price-to-earnings ratio of 43.47, a P/E/G ratio of 3.84 and a beta of 0.43. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company's revenue was down .3% on a year-over-year basis. 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, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley lowered their price objective on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Evercore ISI cut their price objective on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a report on Monday, August 4th. Wells Fargo & Company raised their price objective on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lowered their target price on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Finally, Barclays lowered their price objective on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Seven 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.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Michael Read purchased 2,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the transaction, the executive vice president directly owned 7,505 shares in the company, valued at approximately $684,981.35. This represents a 36.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the sale, the director owned 13,747 shares of the company's stock, valued at approximately $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 12,879 shares of company stock valued at $1,177,702 and sold 32,915 shares valued at $3,251,150. Corporate insiders own 2.00% of the company's stock.

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.