Michael Read Buys 2,000 Shares of Church & Dwight Co., Inc. (NYSE:CHD) Stock

Key Points

• Michael Read, EVP of Church & Dwight, purchased 2,000 shares at an average price of $91.27, totaling $182,540, which increased his ownership by 36.33%.
• The company's latest earnings report showed earnings per share of $0.94, exceeding analyst estimates and indicating a 0.3% decrease in revenue year-over-year.
• Church & Dwight recently declared a quarterly dividend of $0.295 per share, providing an annual yield of 1.3% with a payout ratio of 55.66%.

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) EVP Michael Read purchased 2,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the acquisition, the executive vice president directly owned 7,505 shares in the company, valued at $684,981.35. This represents a 36.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Read also recently made the following trade(s):

• On Friday, May 9th, Michael Read acquired 3,000 shares of Church & Dwight stock. The shares were purchased at an average cost of $92.07 per share, with a total value of $276,210.00.

Church & Dwight Stock Down 1.6%

Shares of NYSE CHD traded down $1.52 during mid-day trading on Friday, hitting $91.11. 445,505 shares of the stock traded hands, compared to its average volume of 2,058,437. The stock has a fifty day moving average price of $96.82 and a 200-day moving average price of $101.37. 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 company has a market cap of $22.19 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 3.82 and a beta of 0.43. Church & Dwight Co., Inc. has a 52 week low of $90.50 and a 52 week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $1.51 billion for 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 company's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. Research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 15th. Church & Dwight's dividend payout ratio is presently 55.66%.

Analysts Set New Price Targets

CHD has been the subject of a number of analyst reports. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Oppenheimer lowered their price target on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. decreased their price objective on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research report on Monday. Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and raised their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $103.94.

Institutional Trading of Church & Dwight

A number of large investors have recently made changes to their positions in CHD. Vanguard Group Inc. raised its position in shares of Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after acquiring an additional 750,575 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Church & Dwight by 2.9% in the second quarter. Geode Capital Management LLC now owns 6,290,207 shares of the company's stock worth $601,991,000 after purchasing an additional 177,990 shares during the last quarter. Stifel Financial Corp lifted its stake in Church & Dwight by 0.5% during the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock valued at $451,975,000 after acquiring an additional 20,887 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Church & Dwight by 0.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,269,079 shares of the company's stock valued at $319,193,000 after buying an additional 29,369 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Church & Dwight by 2.6% during the 1st quarter. Northern Trust Corp now owns 3,097,722 shares of the company's stock worth $341,028,000 after purchasing an additional 79,170 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.