Church & Dwight Co., Inc. $CHD Shares Sold by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets reduced its stake in Church & Dwight Co., Inc. by 1.2%, selling 5,382 shares and ending the quarter with 427,155 shares valued at approximately $47 million.
• The company recently declared a quarterly dividend of $0.295 per share, with an annualized yield of 1.3%, set to be paid on September 2nd.
• Church & Dwight's stock has a consensus "Hold" rating from analysts, with an average price target of $103.94.

BNP Paribas Financial Markets lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 427,155 shares of the company's stock after selling 5,382 shares during the quarter. BNP Paribas Financial Markets owned about 0.17% of Church & Dwight worth $47,025,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. FORA Capital LLC purchased a new stake in shares of Church & Dwight during the 1st quarter worth approximately $285,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Church & Dwight by 23.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,772 shares of the company's stock valued at $9,553,000 after buying an additional 16,284 shares during the last quarter. ICONIQ Capital LLC lifted its stake in Church & Dwight by 14.2% in the first quarter. ICONIQ Capital LLC now owns 2,196 shares of the company's stock valued at $242,000 after buying an additional 273 shares during the last quarter. Jump Financial LLC lifted its stake in Church & Dwight by 83.9% in the first quarter. Jump Financial LLC now owns 4,435 shares of the company's stock valued at $488,000 after buying an additional 2,023 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Church & Dwight by 35.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,285 shares of the company's stock valued at $912,000 after buying an additional 2,182 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Rothschild & Co Redburn downgraded shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price target for the company. in a research report on Monday, July 14th. Redburn Atlantic downgraded shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a research report on Monday, July 14th. Barclays reduced their price target on shares of Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Finally, UBS Group upped their price target on shares of Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $103.94.

Insider Activity at Church & Dwight

In related news, EVP Michael Read purchased 2,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $91.27 per share, with a total value of $182,540.00. Following the purchase, the executive vice president directly owned 7,505 shares in the company, valued at $684,981.35. This trade represents a 36.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard A. Dierker purchased 5,470 shares of the stock in a transaction dated Tuesday, August 12th. The shares were bought at an average cost of $91.57 per share, for a total transaction of $500,887.90. Following the completion of the purchase, the chief executive officer owned 27,212 shares in the company, valued at approximately $2,491,802.84. This trade represents a 25.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 12,879 shares of company stock valued at $1,177,702. Company insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

CHD stock traded up $0.48 on Friday, reaching $95.71. 1,939,017 shares of the company's stock were exchanged, compared to its average volume of 2,049,367. The stock has a fifty day moving average of $95.04 and a 200-day moving average of $99.57. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The firm has a market cap of $23.32 billion, a PE ratio of 45.16, a P/E/G ratio of 3.85 and a beta of 0.44. The company has a quick ratio of 1.33, a current ratio of 1.84 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 for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the company posted $0.93 EPS. The business's revenue for the quarter 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, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.2%. Church & Dwight's dividend payout ratio is 55.66%.

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.