Forsta AP Fonden Decreases Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

VaselineSeptember 14, 2024

0 4 minutes read

Forsta AP Fonden reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 3.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 83,900 shares of the company’s stock after selling 2,700 shares during the quarter. Forsta AP Fonden’s holdings in Church & Dwight were worth $8,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC purchased a new stake in shares of Church & Dwight in the first quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new position in Church & Dwight in the first quarter valued at about $28,000. Roble Belko & Company Inc purchased a new stake in Church & Dwight in the 1st quarter worth about $31,000. Rothschild Investment LLC purchased a new stake in Church & Dwight in the second quarter worth about $31,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of Church & Dwight during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 86.60% of the company’s shares.

Changes in Analyst Ratings

A number of analysts recently issued reports on CHD shares. JPMorgan Chase & Co. reduced their target price on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a research note on Monday, August 5th. Evercore ISI cut their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company cut their price target on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Barclays upped their target price on shares of Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. Finally, TD Cowen began coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Church & Dwight presently has a consensus rating of “Hold” and an average price target of $106.58, according to MarketBeat.

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Insider activity at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of shares are owned by insiders.

Church & Dwight Price Performance

NYSE:CHD opened at $104.04 on Friday. Church & Dwight Co., Inc. it has a 52-week low of $82.25 and a 52-week high of $110.31. The stock’s fifty day moving average is $102.13, and the two hundred day moving average is $104.10. The company has a market cap of $25.47 billion, a P/E ratio of 33.03, a P/E/G ratio of 3.50 and a beta of 0.54. The company has a quick ratio of 0.98, a current ratio of 1.53, and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD – Get Your Free Report ) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company’s quarterly revenue was up 3.9% year over year. During the same period last year, the company earned $0.92 EPS. Equities analysts expect that Church & Dwight Co., Inc. to post 3.43 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.2838 per share. The ex-dividend date was Thursday, August 15. This represents a dividend of $1.14 on an annualized basis and a dividend yield of 1.09%. Church & Dwight’s payout ratio is currently 35.87%.

Church & Dwight Profile

(Free Report)

Church & Dwight Co, Inc develops, manufactures and markets household, personal care and specialty products. It operates in three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, carpet deodorizers, laundry detergent and baking soda, as well as other baking soda products under the ARM & HAMMER brand; condoms, lubricants and vibrators under the brand TROJAN; detergents, cleaning solutions, laundry detergents and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; pregnancy and ovulation home test kits under the FIRST RESPONSE brand; epilators under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gum food supplements under the brands L’IL CRITTERS and VITAFUSION; dry shampoos under the BATISTE brand; dental floss and shower heads under the WATERPIK brand; shortening and cold improvement products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.