Church & Dwight Co., Inc. (NYSE: CHD) EVP Maynadier Patrick D. De sells 32,974 shares
Church & Dwight Co., Inc. (NYSE: CHD) Executive Vice President Maynadier Patrick D. De sold 32,974 shares of the company in a trade on Wednesday, December 8. The shares were sold at an average price of $ 95.01, for a total trade of $ 3,132,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through this hyperlink.
Church & Dwight shares traded up $ 0.54 in Thursday’s session, reaching $ 95.54. 1,294,676 shares were traded, for an average volume of 1,352,025. The stock’s fifty-day moving average is $ 87.85 and its 200-day moving average is $ 85.92. The stock has a market cap of $ 23.33 billion, a PE ratio of 29.14, a P / E / G ratio of 3.84 and a beta of 0.41. The company has a debt to equity ratio of 0.35, a quick ratio of 0.39, and a current ratio of 0.74. Church & Dwight Co., Inc. has a 12-month low of $ 77.62 and a 12-month high of $ 96.26.
Church & Dwight (NYSE: CHD) last reported its results on Thursday, October 28. The company reported earnings per share (EPS) of $ 0.80 for the quarter, beating the Zacks consensus estimate of $ 0.71 by $ 0.09. The company posted revenue of $ 1.31 billion in the quarter, compared to analysts’ estimates of $ 1.28 billion. Church & Dwight had a net margin of 16.02% and a return on equity of 22.39%. Church & Dwight’s revenue increased 5.7% from the same quarter last year. In the same quarter of the previous year, the company posted $ 0.70 in EPS. Sell-side analysts forecast Church & Dwight Co., Inc. to post EPS of 2.97 for the current fiscal year.
Church & Dwight announced that its board of directors authorized a share buyback plan on Friday, October 29 that allows the company to repurchase $ 1.00 billion in shares. This buyback authorization allows the company to buy back up to 4.6% of its shares by way of purchase on the market. Share buyback plans are usually a sign that company management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 1. Investors registered on Monday, November 15 received a dividend of $ 0.2525. The ex-dividend date of this dividend was Friday, November 12. This represents a dividend of $ 1.01 on an annualized basis and a return of 1.06%. Church & Dwight’s dividend payout ratio is currently 30.98%.
Hedge funds and other institutional investors have recently changed their holdings in the company. Strategic Blueprint LLC acquired a new stake in Church & Dwight in the second quarter valued at approximately $ 25,000. Eagle Bay Advisors LLC acquired a new stake in Church & Dwight in the second quarter for a value of approximately $ 27,000. Capital Analysts LLC increased its stake in Church & Dwight by 244.1% in the 2nd quarter. Capital Analysts LLC now owns 320 shares of the company valued at $ 27,000 after acquiring 227 additional shares in the last quarter. US Asset Management LLC acquired a new stake in Church & Dwight in the 3rd quarter for a value of approximately $ 30,000. Finally, Liberty Wealth Management LLC increased its stake in Church & Dwight by 8,512.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 2,842 shares of the company valued at $ 33,000 after acquiring an additional 2,809 shares in the last quarter. 80.57% of the shares are held by institutional investors.
Several research firms have weighed on CHDs. Stifel Nicolaus increased his target price on Church & Dwight shares from $ 89.00 to $ 92.00 and gave the company a â€œholdâ€ rating in a research note on Tuesday, November 30. Wells Fargo & Company raised its target price on Church & Dwight shares from $ 89.00 to $ 94.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 30. JPMorgan Chase & Co. reiterated a “sell” note on Church & Dwight shares in a research note on Tuesday, November 30. Deutsche Bank Aktiengesellschaft raised its target price on Church & Dwight shares from $ 91.00 to $ 93.00 and gave the company a â€œholdâ€ rating in a research note on Tuesday, November 30. Finally, Credit Suisse Group increased its target price on Church & Dwight shares from $ 100.00 to $ 105.00 and assigned the company an “outperformance” rating in a research note on Tuesday, November 30. Three research analysts rated the stock with a sell rating, four issued a conservation rating, and three gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $ 91.00.
Church & Dwight Company Profile
Church & Dwight Co, Inc is engaged in the development, manufacture and market of household, personal care and specialty products. It operates through the following segments: Consumer Domestic, Consumer International and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, dryer sheets, cat litter and household cleaning products; and personal care products, including antiperspirants, oral care products, depilatories, reproductive health products, oral pain relievers, nasal saline moisturizers, and dietary supplements.
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