MBB Public Markets I LLC Makes New Investment in Church & Dwight Co., Inc. $CHD

Key Points

• MBB Public Markets I LLC has made a new investment of approximately $342,000 in Church & Dwight Co., Inc., acquiring 3,108 shares during the 1st quarter of 2023.
• Several other hedge funds have increased their holdings in Church & Dwight, with institutional investors owning 86.60% of the stock.
• Church & Dwight recently reported earnings of $0.94 per share for the quarter, exceeding analysts' estimates and reflecting a 0.3% decrease in revenue year-over-year.

MBB Public Markets I LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,108 shares of the company's stock, valued at approximately $342,000.

A number of other hedge funds also recently modified their holdings of CHD. Nuveen LLC bought a new position in shares of Church & Dwight in the first quarter worth $106,736,000. GAMMA Investing LLC boosted its stake in Church & Dwight by 12,489.8% in the first 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 first 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. American Century Companies Inc. boosted its stake in Church & Dwight by 48.3% in the first quarter. American Century Companies Inc. now owns 2,115,040 shares of the company's stock valued at $232,845,000 after buying an additional 688,863 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Church & Dwight in the first quarter valued at about $41,743,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Trading Down 1.4%

CHD stock traded down $1.36 during mid-day trading on Friday, reaching $93.06. The company's stock had a trading volume of 1,480,179 shares, compared to its average volume of 2,044,196. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 43.90, a price-to-earnings-growth ratio of 3.84 and a beta of 0.44. The business's 50 day moving average price is $94.79 and its 200 day moving average price is $99.20. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a 12 month low of $90.50 and a 12 month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. Church & Dwight's payout ratio is presently 55.66%.

Insider Buying and Selling

In other Church & Dwight news, CEO Richard A. Dierker acquired 5,470 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were acquired at an average price of $91.57 per share, with a total value of $500,887.90. Following the completion of the transaction, the chief executive officer owned 27,212 shares in the company, valued at approximately $2,491,802.84. This trade represents a 25.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael Read acquired 2,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of $91.27 per share, for a total transaction of $182,540.00. Following the transaction, the executive vice president owned 7,505 shares of the company's stock, valued at approximately $684,981.35. The trade was a 36.33% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 12,879 shares of company stock worth $1,177,702 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CHD. JPMorgan Chase & Co. reduced their price objective on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a research note on Monday, August 4th. Wells Fargo & Company raised their price objective on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Redburn Partners set a $83.00 price objective on Church & Dwight in a research note on Monday, July 14th. UBS Group raised their price objective on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Rothschild & Co Redburn lowered 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. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, Church & Dwight currently has a consensus 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.