Assenagon Asset Management S.A. Raises Holdings in Church & Dwight Co., Inc. $CHD

Key Points

• Assenagon Asset Management increased its Church & Dwight stake by 518.3% in the second quarter, bringing its holdings to 155,662 shares worth approximately $15.1 million. Institutional investors collectively own 86.6% of CHD.
• Analyst sentiment remains mixed, with nine Buy, eight Hold and one Sell rating; the consensus rating is Hold with an average price target of $104.41.
• Church & Dwight reported quarterly revenue of $1.53 billion, up 1.6% year over year, but EPS of $0.89 narrowly missed estimates. The company declared a quarterly dividend of $0.3075, representing a 1.2% annualized yield.

Assenagon Asset Management S.A. grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 518.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,662 shares of the company's stock after buying an additional 130,486 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of Church & Dwight worth $15,081,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Godfrey Financial Associates Inc. purchased a new stake in shares of Church & Dwight during the 4th quarter worth $25,000. Elyxium Wealth LLC purchased a new position in shares of Church & Dwight in the 4th quarter valued at about $26,000. DV Equities LLC acquired a new stake in shares of Church & Dwight in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Church & Dwight in the third quarter valued at about $30,000. Finally, GW&K Investment Management LLC boosted its holdings in Church & Dwight by 83.0% during the fourth quarter. GW&K Investment Management LLC now owns 344 shares of the company's stock worth $29,000 after buying an additional 156 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHD. Barclays boosted their price target on Church & Dwight from $79.00 to $86.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price objective on Church & Dwight from $99.00 to $105.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Royal Bank Of Canada boosted their target price on Church & Dwight from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. UBS Group reissued a "neutral" rating and issued a $107.00 target price (up from $104.00) on shares of Church & Dwight in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $109.00 price target on shares of Church & Dwight in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $104.41.

Church & Dwight Trading Up 0.1%

Shares of CHD stock opened at $103.30 on Tuesday. The firm has a 50-day moving average price of $97.87 and a 200 day moving average price of $97.20. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $106.04. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.77 and a beta of 0.47. The company has a current ratio of 1.15, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 20.10% and a net margin of 11.96%.Church & Dwight's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 earnings per share. Church & Dwight has set its Q3 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 3.740-3.810 EPS. Research analysts forecast that Church & Dwight Co., Inc. will post 3.78 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.3075 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.23 annualized dividend and a yield of 1.2%. Church & Dwight's payout ratio is 39.55%.

Insider Buying and Selling

In other Church & Dwight news, EVP Brian D. Buchert sold 10,160 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $98.14, for a total transaction of $997,102.40. Following the transaction, the executive vice president owned 1,286 shares of the company's stock, valued at $126,208.04. This represents a 88.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $98.00, for a total transaction of $1,270,080.00. Following the transaction, the director directly owned 13,653 shares of the company's stock, valued at $1,337,994. This trade represents a 48.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 60,880 shares of company stock worth $6,029,546 in the last three months. 1.20% of the stock is currently owned by insiders.

Church & Dwight Profile

Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.

The company's portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.

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