Ameriprise Financial Inc. Has $59.21 Million Stake in Church & Dwight Co., Inc. $CHD

Key Points

• Ameriprise Financial Inc. has significantly reduced its holdings in Church & Dwight Co., Inc. by 64.9%, now owning $59.21 million worth of shares after selling 991,067 shares.
• Church & Dwight's latest quarterly earnings report showed an EPS of $0.94, exceeding estimates by $0.09, despite a 0.3% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.295 per share, representing an annual yield of 1.3%, with the ex-dividend date set for August 15th.

Ameriprise Financial Inc. reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 64.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 536,331 shares of the company's stock after selling 991,067 shares during the quarter. Ameriprise Financial Inc. owned 0.22% of Church & Dwight worth $59,212,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. IAG Wealth Partners LLC grew its holdings in shares of Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after buying an additional 130 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Church & Dwight in the first quarter valued at approximately $40,000. Versant Capital Management Inc lifted its holdings in Church & Dwight by 42.1% during the 1st 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 last quarter. Bernard Wealth Management Corp. acquired a new stake in Church & Dwight during the 4th quarter worth approximately $42,000. Finally, Chilton Capital Management LLC lifted its holdings in Church & Dwight by 90.9% during the 1st 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 last quarter. 86.60% of the stock is currently owned by institutional investors.

Insider Transactions at Church & Dwight

In related news, EVP Lee B. Mcchesney purchased 5,409 shares of the company's stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $91.38 per share, with a total value of $494,274.42. Following the transaction, the executive vice president directly owned 5,409 shares in the company, valued at $494,274.42. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Read acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average price of $91.27 per share, with a total value of $182,540.00. Following the completion of the acquisition, the executive vice president owned 7,505 shares in the company, valued at $684,981.35. The trade was a 36.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 12,879 shares of company stock worth $1,177,702 and sold 32,915 shares worth $3,251,150. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Cowen cut Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Truist Financial set a $110.00 target price on Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Morgan Stanley dropped 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. Finally, Evercore ISI dropped their price target on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a research note on Monday, August 4th. Seven equities research 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, Church & Dwight has a consensus rating of "Hold" and an average price target of $103.94.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $93.04 on Thursday. The stock's 50-day simple moving average is $95.34 and its two-hundred day simple moving average is $100.07. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $22.66 billion, a P/E ratio of 43.89, a P/E/G ratio of 3.82 and a beta of 0.43.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The company's quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. 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 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, August 15th. Church & Dwight's payout ratio is presently 55.66%.

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.

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