Meiji Yasuda Asset Management Co Ltd. Has $3.64 Million Stock Holdings in Church & Dwight Co., Inc. $CHD

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its stake in Church & Dwight Co., Inc. by 16.3%, from owning 39,463 shares to 33,035 shares during the first quarter.
• Church & Dwight's quarterly earnings per share were reported at $0.94, exceeding the consensus estimate by $0.09, while quarterly revenue was $1.51 billion, slightly above analyst expectations.
• Multiple analysts have varied ratings on Church & Dwight, with JPMorgan Chase lowering their target price from $97.00 to $92.00, while Truist Financial set a $110.00 buy rating.

Meiji Yasuda Asset Management Co Ltd. lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 16.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,035 shares of the company's stock after selling 6,428 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Church & Dwight were worth $3,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in Church & Dwight by 89.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company's stock valued at $5,567,000 after purchasing an additional 25,080 shares during the period. Allianz Asset Management GmbH boosted its position in Church & Dwight by 451.2% during the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company's stock valued at $8,924,000 after purchasing an additional 66,357 shares during the period. Penserra Capital Management LLC boosted its position in Church & Dwight by 1,201.4% during the 1st quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock valued at $918,000 after purchasing an additional 7,701 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Church & Dwight by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company's stock valued at $38,968,000 after purchasing an additional 5,367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Church & Dwight by 9.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company's stock valued at $4,137,000 after purchasing an additional 3,254 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHD. Wells Fargo & Company boosted their price objective on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. reduced their price target on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Redburn Atlantic lowered Church & Dwight from a "hold" rating to a "strong sell" rating in a research report on Monday, July 14th. Barclays reduced their price target on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Finally, Redburn Partners set a $83.00 price target on Church & Dwight in a research report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and a consensus target price of $103.94.

Church & Dwight Price Performance

Shares of CHD traded down $1.36 during midday trading on Friday, reaching $93.06. The stock had a trading volume of 1,480,179 shares, compared to its average volume of 2,044,196. Church & Dwight Co., Inc. has a 52 week low of $90.50 and a 52 week high of $116.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. The firm's 50 day moving average price is $94.79 and its 200-day moving average price is $99.20. The company has a market capitalization of $22.67 billion, a P/E ratio of 43.90, a P/E/G ratio of 3.84 and a beta of 0.44.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's quarterly revenue was down .3% compared to the same quarter last year. 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, analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were 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 was Friday, August 15th. Church & Dwight's payout ratio is currently 55.66%.

Insider Transactions at Church & Dwight

In other news, EVP Carlen Hooker sold 6,380 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total value of $627,154.00. Following the sale, the executive vice president owned 262 shares of the company's stock, valued at approximately $25,754.60. The trade was a 96.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard A. Dierker acquired 5,470 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $91.57 per share, for a total transaction of $500,887.90. Following the purchase, the chief executive officer directly owned 27,212 shares in the company, valued at approximately $2,491,802.84. This represents a 25.16% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 12,879 shares of company stock worth $1,177,702 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

About Church & Dwight

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.