JPMorgan Chase & Co. Sells 208,058 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• JPMorgan Chase & Co. reduced its stake in Church & Dwight by 2.8%, selling 208,058 shares and holding 7,127,988 shares valued at approximately $784.72 million by the end of the first quarter.
• Church & Dwight reported an EPS of $0.94 for the latest quarter, exceeding estimates, but experienced a 0.3% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.295 per share, which will be issued to investors on September 2nd with an annual yield of 1.3%.

JPMorgan Chase & Co. reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,127,988 shares of the company's stock after selling 208,058 shares during the period. JPMorgan Chase & Co. owned approximately 2.89% of Church & Dwight worth $784,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Church & Dwight by 12,489.8% in the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock valued at $94,886,000 after buying an additional 855,049 shares in the last quarter. Vanguard Group Inc. boosted its stake in Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock valued at $3,461,410,000 after buying an additional 750,575 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in Church & Dwight in the fourth quarter worth $49,504,000. Northern Trust Corp boosted its stake in Church & Dwight by 15.0% in the fourth quarter. Northern Trust Corp now owns 3,018,552 shares of the company's stock worth $316,073,000 after purchasing an additional 393,068 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Church & Dwight in the first quarter worth $41,743,000. 86.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHD has been the topic of several analyst reports. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Truist Financial set a $110.00 price objective on Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. Redburn Partners set a $83.00 price objective on Church & Dwight in a report on Monday, July 14th. Evercore ISI dropped their price objective on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a research note on Monday, August 4th. Finally, TD Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a report on Tuesday, May 6th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $103.94.

Church & Dwight Price Performance

CHD traded down $1.02 during trading on Thursday, reaching $92.67. The stock had a trading volume of 1,546,568 shares, compared to its average volume of 2,066,938. The stock has a market cap of $22.58 billion, a PE ratio of 43.71, a PEG ratio of 3.81 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. Church & Dwight Co., Inc. has a one year low of $90.50 and a one year high of $116.46. The business has a 50-day moving average of $96.26 and a 200-day moving average of $100.97.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations 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 was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Lee B. Mcchesney acquired 5,409 shares of the stock in a transaction 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 completion of the transaction, the executive vice president owned 5,409 shares of the company's stock, valued at $494,274.42. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard A. Dierker purchased 5,470 shares of the stock in a transaction on Tuesday, August 12th. The shares were acquired at an average cost of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer directly owned 27,212 shares in the company, valued at $2,491,802.84. The trade was a 25.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 12,879 shares of company stock worth $1,177,702 and have sold 35,915 shares worth $3,545,300. Insiders own 2.00% 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.