Fiduciary Family Office LLC Acquires New Shares in Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Fiduciary Family Office LLC has made a new investment of $874,000 in Church & Dwight Co., purchasing 7,938 shares of stock.
• Church & Dwight reported earnings of $0.94 EPS for the last quarter, exceeding analysts' expectations of $0.85 EPS, with a current revenue of $1.51 billion.
• The company recently declared a quarterly dividend of $0.295, representing an annual yield of 1.3%, with the ex-dividend date set for August 15th.

Fiduciary Family Office LLC acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,938 shares of the company's stock, valued at approximately $874,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CHD. GAMMA Investing LLC boosted its position in Church & Dwight by 12,489.8% during the first quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock worth $94,886,000 after purchasing an additional 855,049 shares during the period. Vanguard Group Inc. boosted its position in shares of Church & Dwight by 2.4% in the first quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock valued at $3,461,410,000 after acquiring an additional 750,575 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of Church & Dwight in the fourth quarter valued at about $49,504,000. Northern Trust Corp boosted its position in shares of Church & Dwight by 15.0% in the fourth quarter. Northern Trust Corp now owns 3,018,552 shares of the company's stock valued at $316,073,000 after acquiring an additional 393,068 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Church & Dwight in the first quarter valued at about $41,743,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Performance

Church & Dwight stock traded up $0.79 during mid-day trading on Monday, reaching $91.71. 2,470,701 shares of the stock traded hands, compared to its average volume of 2,350,592. The stock has a market capitalization of $22.34 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 3.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. Church & Dwight Co., Inc. has a 12-month low of $90.50 and a 12-month high of $116.46. The business's 50-day moving average is $96.53 and its 200-day moving average is $101.09.

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 (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The business 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 company's revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. As a group, sell-side analysts predict 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. Stockholders of record on Friday, August 15th will be given a $0.295 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight's dividend payout ratio (DPR) is presently 55.66%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and boosted their price target for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. 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. Truist Financial set a $110.00 price target on Church & Dwight and gave the company a "buy" rating in a research note on Friday, June 6th. Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company boosted their price target on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $103.94.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Lee B. Mcchesney purchased 5,409 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $91.38 per share, for a total transaction of $494,274.42. Following the purchase, the executive vice president directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Read acquired 2,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $91.27 per share, with a total value of $182,540.00. Following the completion of the purchase, the executive vice president owned 7,505 shares in the company, valued at $684,981.35. This represents a 36.33% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 15,359 shares of company stock worth $1,429,361 and have sold 35,915 shares worth $3,545,300. Company insiders own 1.20% of the company's stock.

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.