Pacer Advisors Inc. Has $2.81 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Pacer Advisors Inc. reduced its stake in Church & Dwight Co., Inc. by 31.8% in the first quarter, now holding 25,522 shares valued at approximately $2.81 million.
• Church & Dwight's recent earnings showed an EPS of $0.91, surpassing estimates, but reported a 2.4% decline in revenue year-over-year.
• Analysts have varied opinions on Church & Dwight, with an average rating of "Hold" and a consensus price target of $104.38.

Pacer Advisors Inc. lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 31.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,522 shares of the company's stock after selling 11,923 shares during the period. Pacer Advisors Inc.'s holdings in Church & Dwight were worth $2,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IAG Wealth Partners LLC boosted its stake 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 valued at $30,000 after acquiring an additional 130 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in Church & Dwight during the fourth quarter worth about $40,000. Wayfinding Financial LLC purchased a new position in Church & Dwight during the first quarter worth about $40,000. Versant Capital Management Inc lifted its position in Church & Dwight by 42.1% during 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 during the period. Finally, Banque Transatlantique SA purchased a new position in Church & Dwight during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Buying and Selling at Church & Dwight

In other news, EVP Michael Read acquired 3,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the transaction, the executive vice president owned 5,505 shares of the company's stock, valued at approximately $506,845.35. This represents a 119.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Carlen Hooker sold 6,380 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total value of $627,154.00. Following the completion of the transaction, the executive vice president owned 262 shares in the company, valued at $25,754.60. This represents a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock worth $4,910,586 over the last 90 days. Company insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

NYSE CHD traded up $0.34 during trading hours on Friday, reaching $94.11. 4,674,657 shares of the company's stock were exchanged, compared to its average volume of 2,031,294. The stock has a market cap of $23.18 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 3.75 and a beta of 0.43. Church & Dwight Co., Inc. has a one year low of $90.99 and a one year high of $116.46. The firm has a fifty day moving average of $97.26 and a 200-day moving average of $101.75. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. Church & Dwight's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.295 per share. The ex-dividend date is Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. Church & Dwight's dividend payout ratio is 50.64%.

Wall Street Analyst Weigh In

CHD has been the topic of several recent analyst reports. Truist Financial set a $110.00 target price on Church & Dwight and gave the stock a "buy" rating in a research report on Friday, June 6th. Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and increased their target price for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Morgan Stanley cut their price objective on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Evercore ISI cut their price objective on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, UBS Group raised their price objective on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $104.38.

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.