Church & Dwight Co., Inc. $CHD Shares Sold by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. has reduced its stake in Church & Dwight Co., Inc. (CHD) by 18.4%, holding 30,946 shares worth approximately $3.4 million after selling 6,958 shares.
• The company reported a quarterly EPS of $0.94, surpassing analyst expectations of $0.85, along with a revenue of $1.51 billion, beating forecasts of $1.48 billion.
• Church & Dwight announced a quarterly dividend of $0.295 per share, with a yield of 1.3%, set to be paid on September 2nd.

Panagora Asset Management Inc. lowered its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,946 shares of the company's stock after selling 6,958 shares during the quarter. Panagora Asset Management Inc.'s holdings in Church & Dwight were worth $3,407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Alpha LLC raised its stake in shares of Church & Dwight by 3.7% in the first quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock valued at $298,000 after acquiring an additional 97 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Church & Dwight by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,115 shares of the company's stock valued at $2,325,000 after acquiring an additional 110 shares during the period. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 112 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Church & Dwight by 19.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company's stock worth $76,000 after purchasing an additional 112 shares during the last quarter. Finally, KFG Wealth Management LLC grew its holdings in shares of Church & Dwight by 2.2% in the first quarter. KFG Wealth Management LLC now owns 5,476 shares of the company's stock worth $603,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insider Activity

In other Church & Dwight news, EVP Carlen Hooker sold 6,380 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the transaction, the executive vice president directly owned 262 shares of the company's stock, valued at approximately $25,754.60. This trade represents a 96.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard A. Dierker purchased 5,470 shares of Church & Dwight stock in a transaction on Tuesday, August 12th. The shares were acquired at an average cost of $91.57 per share, with a total value 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. The trade was a 25.16% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 12,879 shares of company stock valued at $1,177,702 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Up 0.5%

Church & Dwight stock traded up $0.48 during midday trading on Friday, hitting $95.71. 2,928,369 shares of the company's stock were exchanged, compared to its average volume of 1,812,918. 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 Co., Inc. has a 12 month low of $90.50 and a 12 month high of $116.46. The firm has a 50-day moving average of $95.06 and a two-hundred day moving average of $99.51. The company has a market cap of $23.32 billion, a PE ratio of 45.15, a P/E/G ratio of 3.93 and a beta of 0.44.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The company 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 business earned $0.93 EPS. The firm'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. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CHD shares. Redburn Partners set a $83.00 price target on shares of Church & Dwight in a report on Monday, July 14th. Rothschild & Co Redburn cut shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price target on the stock. in a report on Monday, July 14th. Barclays cut their price target on shares of Church & Dwight from $84.00 to $83.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada upgraded shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $100.00 to $114.00 in a report on Monday, June 2nd. Finally, Wall Street Zen upgraded shares of Church & Dwight from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $103.94.

About Church & Dwight

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.