Church & Dwight Co., Inc. $CHD Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE decreased its holdings in Church & Dwight by 13.8% during the second quarter, reducing its ownership to 60,070 shares valued at approximately $5.77 million.
• Institutional investors now own 86.60% of Church & Dwight's stock, with significant increases in holdings from firms like Allianz Asset Management and Penserra Capital Management.
• Church & Dwight reported $0.94 EPS for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.295 per share with a yield of 1.3%.

US Bancorp DE lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,070 shares of the company's stock after selling 9,636 shares during the quarter. US Bancorp DE's holdings in Church & Dwight were worth $5,773,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH raised its holdings in shares of Church & Dwight by 451.2% during the first quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company's stock valued at $8,924,000 after acquiring an additional 66,357 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Church & Dwight by 1,201.4% during the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock valued at $918,000 after acquiring an additional 7,701 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Church & Dwight by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company's stock valued at $38,968,000 after acquiring an additional 5,367 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Church & Dwight by 46.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 77,927 shares of the company's stock valued at $8,579,000 after acquiring an additional 24,763 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Church & Dwight by 9.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company's stock valued at $4,137,000 after acquiring an additional 3,254 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Buying and Selling

In other Church & Dwight news, EVP Lee B. Mcchesney acquired 5,409 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average cost of $91.38 per share, for a total transaction of $494,274.42. Following the completion of the transaction, the executive vice president owned 5,409 shares of the company's stock, valued at approximately $494,274.42. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard A. Dierker acquired 5,470 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average price 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 of the company's stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 12,879 shares of company stock worth $1,177,702. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

CHD has been the subject of a number of research analyst reports. Rothschild & Co Redburn cut Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price for the company. in a report on Monday, July 14th. Evercore ISI cut their price target on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. cut their price target on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a report on Monday, August 4th. Redburn Atlantic cut Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Church & Dwight in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $100.88.

Church & Dwight Trading Down 0.0%

Shares of Church & Dwight stock opened at $87.61 on Monday. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 3.65 and a beta of 0.43. Church & Dwight Co., Inc. has a fifty-two week low of $85.08 and a fifty-two week 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. The stock has a 50 day moving average of $91.38 and a 200 day moving average of $96.03.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The firm's revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. 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, research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. Church & Dwight's dividend payout ratio is presently 55.66%.

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.

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