Ceredex Value Advisors LLC Sells 7,657 Shares of Church & Dwight Co., Inc. $CHD

Key Points

• Ceredex Value Advisors LLC reduced its stake in Church & Dwight Co. by 1.6%, owning 465,114 shares after selling 7,657 shares, which constitutes about 1.1% of its investment portfolio.
• Church & Dwight reported earnings per share (EPS) of $0.94 for the last quarter, exceeding analyst estimates of $0.85, with quarterly revenue at $1.51 billion.
• The company declared a quarterly dividend of $0.295 per share, which will be paid on September 2nd, representing an annualized dividend yield of 1.3%.

Ceredex Value Advisors LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 465,114 shares of the company's stock after selling 7,657 shares during the period. Church & Dwight makes up approximately 1.1% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 23rd largest position. Ceredex Value Advisors LLC owned about 0.19% of Church & Dwight worth $51,204,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CHD. IAG Wealth Partners LLC raised its position in shares of 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 in the last quarter. Wayfinding Financial LLC bought a new position in Church & Dwight during the 1st quarter worth $40,000. Bernard Wealth Management Corp. acquired a new position in Church & Dwight in the 4th quarter valued at $42,000. Versant Capital Management Inc raised its holdings in Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after acquiring an additional 112 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of Church & Dwight during the 4th quarter valued at $46,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Trading Down 0.9%

Shares of Church & Dwight stock traded down $0.88 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. The stock has a 50 day moving average of $95.27 and a 200 day moving average of $99.99. The firm has a market capitalization of $22.45 billion, a P/E ratio of 43.47, a PEG ratio of 3.84 and a beta of 0.43. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Church & Dwight's quarterly 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. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight's dividend payout ratio is currently 55.66%.

Insider Activity at Church & Dwight

In other news, CEO Richard A. Dierker acquired 5,470 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $91.57 per share, for a total transaction of $500,887.90. Following the completion of the transaction, the chief executive officer directly owned 27,212 shares in the company, valued at $2,491,802.84. This represents a 25.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lee B. Mcchesney bought 5,409 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $91.38 per share, with a total value of $494,274.42. Following the purchase, the executive vice president directly owned 5,409 shares of the company's stock, valued at $494,274.42. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 12,879 shares of company stock valued at $1,177,702 and sold 32,915 shares valued at $3,251,150. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley dropped their price target on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Barclays dropped their target price 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. Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Church & Dwight presently has an average rating of "Hold" and a consensus target price of $103.94.

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.