Korea Investment CORP Lowers Stock Holdings in Church & Dwight Co., Inc. $CHD

Key Points

• Korea Investment CORP reduced its stake in Church & Dwight Co., Inc. by 37.2%, holding 119,134 shares worth $13.12 million after selling 70,508 shares in the first quarter.
• Analysts have mixed views on Church & Dwight's stock, with seven analysts rating it as a Buy and several lowering their price targets, resulting in an average target of $103.94.
• The company recently announced a quarterly dividend of $0.295 per share, representing a 1.2% yield with a payout ratio of 55.66%.

Korea Investment CORP trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,134 shares of the company's stock after selling 70,508 shares during the period. Korea Investment CORP's holdings in Church & Dwight were worth $13,115,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CHD. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Church & Dwight by 89.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company's stock worth $5,567,000 after purchasing an additional 25,080 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Church & Dwight by 451.2% during the first quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company's stock worth $8,924,000 after purchasing an additional 66,357 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Church & Dwight by 1,201.4% during the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock worth $918,000 after purchasing an additional 7,701 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Church & Dwight by 9.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company's stock worth $4,137,000 after purchasing an additional 3,254 shares during the period. Finally, GAM Holding AG purchased a new stake in shares of Church & Dwight during the first quarter worth about $1,249,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Carlen Hooker sold 6,380 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the sale, the executive vice president owned 262 shares of the company's stock, valued at $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 is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the sale, the director directly owned 13,747 shares of the company's stock, valued at approximately $1,360,953. The trade was a 51.61% decrease in their position. The disclosure for this sale 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. Company insiders own 1.20% of the company's stock.

Church & Dwight Stock Up 0.0%

Shares of CHD traded up $0.0170 on Friday, hitting $94.9770. 1,716,960 shares of the stock traded hands, compared to its average volume of 2,405,299. The company has a market capitalization of $23.14 billion, a PE ratio of 44.80, a P/E/G ratio of 3.92 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. The business has a 50 day simple moving average of $95.57 and a 200 day simple moving average of $100.29. Church & Dwight Co., Inc. has a one year low of $90.50 and a one year high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate 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 firm's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight's payout ratio is 55.66%.

Analysts Set New Price Targets

Several analysts have commented on CHD shares. Redburn Partners set a $83.00 price objective on shares of Church & Dwight in a report on Monday, July 14th. Morgan Stanley lowered their price objective on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. TD Cowen lowered shares of 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. Oppenheimer lowered their price objective on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Evercore ISI decreased their target price on shares of Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research note on Monday, August 4th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, Church & Dwight 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.