Voleon Capital Management LP Grows Stake in Church & Dwight Co., Inc. $CHD

Key Points

• Voleon Capital Management LP increased its stake in Church & Dwight Co., Inc. by 83.1% during the first quarter, now holding shares worth approximately $1,051,000.
• In addition to Voleon, other hedge funds also increased their positions significantly, with Wealth Enhancement Advisory Services LLC boosting holdings by 89.3% and Allianz Asset Management GmbH by 451.2%.
• Church & Dwight announced a quarterly dividend of $0.295 per share, reflecting an annualized payout of $1.18 and a dividend yield of 1.2%.

Voleon Capital Management LP grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 83.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,543 shares of the company's stock after acquiring an additional 4,331 shares during the quarter. Voleon Capital Management LP's holdings in Church & Dwight were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Church & Dwight by 89.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company's stock valued at $5,567,000 after acquiring an additional 25,080 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Church & Dwight by 451.2% in 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 shares of Church & Dwight by 1,201.4% in 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 shares of Church & Dwight by 1.5% in 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 shares of Church & Dwight by 9.4% in 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. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insiders Place Their Bets

In other Church & Dwight news, EVP Lee B. Mcchesney bought 5,409 shares of the business's stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $91.38 per share, with a total value of $494,274.42. Following the purchase, the executive vice president owned 5,409 shares in the company, valued at approximately $494,274.42. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Read bought 2,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $91.27 per share, with a total value of $182,540.00. Following the completion of the purchase, the executive vice president owned 7,505 shares in the company, valued at approximately $684,981.35. This represents a 36.33% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 12,879 shares of company stock valued at $1,177,702. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

CHD has been the subject of a number of research analyst reports. Rothschild & Co Redburn cut Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price for the company. in a research report on Monday, July 14th. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $100.00 to $114.00 in a research report on Monday, June 2nd. Barclays decreased their target price 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. Wells Fargo & Company upped their target price on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and an average price target of $103.94.

Church & Dwight Stock Down 1.2%

Church & Dwight stock opened at $94.61 on Tuesday. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The stock has a 50 day moving average of $95.03 and a two-hundred day moving average of $99.37. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 44.63, a PEG ratio of 3.96 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 earnings per share 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 during the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the firm earned $0.93 EPS. The firm's revenue for the quarter was down .3% on a year-over-year basis. 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, research analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

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

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.

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