Meiji Yasuda Life Insurance Co Purchases New Stake in Church & Dwight Co., Inc. $CHD

Key Points

• Meiji Yasuda Life Insurance Co has acquired a new stake in Church & Dwight Co., Inc., buying 3,299 shares valued at approximately $363,000 in the first quarter.
• Church & Dwight reported earnings of $0.94 per share, exceeding analysts' expectations of $0.85, and announced a quarterly dividend of $0.295 per share with a yield of 1.2%.
• The company has a market capitalization of $23.05 billion and institutional investors own 86.60% of its stock, highlighting significant institutional interest.

Meiji Yasuda Life Insurance Co acquired a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,299 shares of the company's stock, valued at approximately $363,000.

A number of other large investors have also made changes to their positions in CHD. Nuveen LLC bought a new position in Church & Dwight during the first quarter valued at about $106,736,000. GAMMA Investing LLC increased its position in shares of Church & Dwight by 12,489.8% during the first quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock valued at $94,886,000 after purchasing an additional 855,049 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 750,575 shares in the last quarter. American Century Companies Inc. lifted its position 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 worth $232,845,000 after purchasing an additional 688,863 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Church & Dwight during the first quarter worth $41,743,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CHD. Rothschild & Co Redburn cut shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price objective for the company. in a research note on Monday, July 14th. 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. Wells Fargo & Company lifted their price objective on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Evercore ISI dropped their target price on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a report on Monday, August 4th. Finally, Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to 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 NYSE CHD traded down $1.36 during trading on Friday, reaching $93.06. The company had a trading volume of 1,480,179 shares, compared to its average volume of 2,044,196. The business's 50 day moving average price is $94.79 and its 200-day moving average price is $99.20. The stock has a market cap of $22.67 billion, a PE ratio of 43.90, a PEG ratio of 3.84 and a beta of 0.44. 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 quick ratio of 1.33 and a current ratio of 1.84.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The company's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $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. Analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

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

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Michael Read bought 2,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the acquisition, the executive vice president owned 7,505 shares of the company's stock, valued at $684,981.35. This trade represents a 36.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Carlen Hooker sold 6,380 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $98.30, for a total transaction of $627,154.00. Following the sale, the executive vice president directly owned 262 shares in the company, valued at $25,754.60. This trade represents a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased 12,879 shares of company stock valued at $1,177,702 over the last quarter. 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.