Hsbc Holdings PLC Sells 346,240 Shares of Church & Dwight Co., Inc. $CHD

Key Points

• Hsbc Holdings PLC reduced its stake in Church & Dwight Co., Inc. by 28.0% during the first quarter, selling 346,240 shares and currently holding a total of 890,657 shares worth approximately $97.9 million.
• Church & Dwight's quarterly earnings report revealed an EPS of $0.94, exceeding expectations of $0.85, with revenues of $1.51 billion, slightly above the predicted $1.48 billion.
• Analysts have set varied price targets for Church & Dwight, with a consensus target price of $103.94 and ratings ranging from "buy" to "strong sell" among the seven firms analyzed.

Hsbc Holdings PLC lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 28.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 890,657 shares of the company's stock after selling 346,240 shares during the quarter. Hsbc Holdings PLC owned 0.36% of Church & Dwight worth $97,908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Alpha LLC boosted its stake in Church & Dwight by 3.7% in the 1st quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock worth $298,000 after purchasing an additional 97 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings 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 purchasing an additional 110 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of 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. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Church & Dwight by 19.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company's stock worth $76,000 after buying an additional 112 shares during the period. Finally, KFG Wealth Management LLC grew its holdings in shares of Church & Dwight by 2.2% during the first quarter. KFG Wealth Management LLC now owns 5,476 shares of the company's stock worth $603,000 after buying an additional 119 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on CHD shares. Redburn Atlantic cut Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. TD Cowen lowered shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a report on Monday, August 4th. Redburn Partners set a $83.00 price target on shares of Church & Dwight in a research note on Monday, July 14th. Finally, Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the stock a "buy" rating in a research report on Friday, June 6th. Seven equities 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $103.94.

Church & Dwight Price Performance

Shares of CHD opened at $94.8010 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company's fifty day simple moving average is $95.70 and its 200 day simple moving average is $100.50. Church & Dwight Co., Inc. has a 1-year low of $90.50 and a 1-year high of $116.46. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 3.88 and a beta of 0.43.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The company's quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. Church & Dwight has set its FY 2025 guidance at 3.440-3.510 EPS. Q3 2025 guidance at 0.720-0.720 EPS. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $0.295 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.18 annualized dividend and a yield of 1.2%. Church & Dwight's dividend payout ratio is currently 55.66%.

Insider Buying and Selling

In other news, EVP Carlen Hooker sold 6,380 shares of Church & Dwight stock in a transaction that occurred on Monday, June 16th. The stock was 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 in the company, valued at approximately $25,754.60. The trade was a 96.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard A. Dierker purchased 5,470 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the purchase, the chief executive officer owned 27,212 shares in the company, 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 90 days, insiders acquired 12,879 shares of company stock valued at $1,177,702 and sold 35,915 shares valued at $3,545,300. Corporate insiders own 2.00% of the company's stock.

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.

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