Canada Pension Plan Investment Board Decreases Holdings in Church & Dwight Co., Inc. $CHD

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Church & Dwight Co., Inc. by 44.2%, now owning approximately 0.12% of the company valued at $31.8 million.
• Analysts have mixed views on Church & Dwight, with TD Cowen lowering its rating from "buy" to "hold," while Royal Bank Of Canada upgraded its rating to "outperform" and raised the target price to $114.00.
• Church & Dwight announced a quarterly dividend of $0.295 per share, indicating a dividend yield of 1.3% and a payout ratio of 55.66%.

Canada Pension Plan Investment Board reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 44.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 288,835 shares of the company's stock after selling 228,468 shares during the period. Canada Pension Plan Investment Board owned 0.12% of Church & Dwight worth $31,798,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. IAG Wealth Partners LLC boosted 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 purchasing an additional 130 shares during the period. Wayfinding Financial LLC bought a new position in Church & Dwight in the first quarter worth about $40,000. Bernard Wealth Management Corp. bought a new position in Church & Dwight in the fourth quarter worth about $42,000. Versant Capital Management Inc raised its stake in Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after buying an additional 112 shares in the last quarter. Finally, Banque Transatlantique SA bought a new position in Church & Dwight in the fourth quarter worth about $46,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Richard A. Dierker bought 5,470 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the purchase, the chief executive officer owned 27,212 shares in the company, valued at $2,491,802.84. This represents a 25.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael Read purchased 2,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the purchase, the executive vice president owned 7,505 shares in the company, valued at approximately $684,981.35. This represents a 36.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,879 shares of company stock worth $1,177,702 in the last quarter. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group increased their price target on shares of Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. decreased their target price on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $100.00 to $114.00 in a research note on Monday, June 2nd. Finally, Rothschild & Co Redburn downgraded shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price for the company. in a research note on Monday, July 14th. 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 data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $103.94.

Church & Dwight Stock Performance

NYSE:CHD traded up $0.48 during trading hours on Friday, reaching $95.71. The company had a trading volume of 2,920,551 shares, compared to its average volume of 2,050,598. 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 Co., Inc. has a 52 week low of $90.50 and a 52 week high of $116.46. The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 3.85 and a beta of 0.44. The firm's 50 day moving average price is $95.04 and its 200-day moving average price is $99.57.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The company's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 EPS. Church & Dwight has set its FY 2025 guidance at 3.440-3.510 EPS. Q3 2025 guidance at 0.720-0.720 EPS. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

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