Corebridge Financial Inc. Sells 3,077 Shares of Church & Dwight Co., Inc. $CHD

Key Points

• Corebridge Financial Inc. reduced its holdings in Church & Dwight Co., Inc. by 3.8% during the first quarter, owning approximately 77,104 shares worth about $8.49 million.
• Multiple institutional investors, including Nuveen LLC and American Century Companies Inc., adjusted their stakes in Church & Dwight during the same period, with some significantly increasing their holdings.
• Church & Dwight announced a quarterly dividend of $0.295 per share, representing a 1.3% dividend yield, with the payment scheduled for September 2nd.

Corebridge Financial Inc. reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,104 shares of the company's stock after selling 3,077 shares during the period. Corebridge Financial Inc.'s holdings in Church & Dwight were worth $8,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CHD. IAG Wealth Partners LLC increased its holdings 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 purchasing an additional 130 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Church & Dwight in the first quarter valued at $40,000. Bernard Wealth Management Corp. acquired a new position in shares of Church & Dwight in the fourth quarter valued at $42,000. Versant Capital Management Inc increased 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 valued at $42,000 after purchasing an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Church & Dwight in the fourth quarter valued at $46,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Church & Dwight

In related news, EVP Michael Read acquired 2,000 shares of Church & Dwight stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of $91.27 per share, with a total value of $182,540.00. Following the transaction, the executive vice president directly owned 7,505 shares in the company, valued at $684,981.35. This represents a 36.33% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Lee B. Mcchesney acquired 5,409 shares of Church & Dwight stock in a transaction dated Friday, August 8th. The shares were bought at an average cost of $91.38 per share, with a total value of $494,274.42. Following the transaction, the executive vice president owned 5,409 shares in the company, valued at approximately $494,274.42. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 12,879 shares of company stock worth $1,177,702 in the last 90 days. Corporate insiders own 1.20% of the company's stock.

Church & Dwight Price Performance

Shares of CHD stock traded up $1.11 on Friday, reaching $93.20. The company had a trading volume of 1,364,343 shares, compared to its average volume of 2,037,577. The stock has a market capitalization of $22.71 billion, a PE ratio of 43.96, a price-to-earnings-growth ratio of 3.85 and a beta of 0.44. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a one year low of $90.50 and a one year high of $116.46. The business's 50-day moving average is $95.21 and its 200 day moving average is $99.86.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its 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 firm had revenue of $1.51 billion during 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 business's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Church & Dwight from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Rothschild & Co Redburn downgraded shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price target on the stock. in a research note on Monday, July 14th. Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the company a "buy" rating in a research note on Friday, June 6th. Redburn Atlantic downgraded shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Finally, Redburn Partners set a $83.00 price target on shares of Church & Dwight in a research note on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $103.94.

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.