On August 18, 2023, it was reported that the Kentucky Retirement Systems Insurance Trust Fund had acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the first quarter. According to disclosure documents from the Securities & Exchange Commission, the fund purchased 8,677 shares of the company’s stock with an approximate value of $767,000.
Church & Dwight recently announced its quarterly earnings results on July 28th. The company reported earnings per share of $0.92 for the quarter, surpassing analysts’ consensus estimate of $0.79 by $0.13. Additionally, Church & Dwight achieved a net margin of 7.93% and a return on equity of 21.12%. The company generated $1.45 billion in revenue during this period, which exceeded market expectations of $1.42 billion.
Compared to the same quarter in the prior year, Church & Dwight experienced a solid increase in revenue, with a growth rate of 9.7% year-over-year. These positive financial results have led analysts to predict that Church & Dwight Co., Inc. will likely achieve an EPS (earnings per share) of 3.17 for the current year.
Various research reports have been conducted on CHD recently which shed light on its performance and outlook in the market. For instance, Barclays raised their price target from $78.00 to $82.00 and gave the company an “underweight” rating in their report published on August 1st. Jefferies Financial Group also increased their price objective from $111.00 to $113.00 in June 2023.
Other analysis firms such as Stifel Nicolaus and Deutsche Bank Aktiengesellschaft have similarly revised their price targets for Church & Dwight’s stock with favorable ratings and projections for future growth potential.
However, it is important to note that not all research reports have been positive. Royal Bank of Canada reiterated a “sector perform” rating on Church & Dwight’s stock. Overall, according to data from Bloomberg, the consensus rating for Church & Dwight Co., Inc. is currently listed as “Hold,” with a consensus target price of $92.53.
These recent developments and varying research reports illustrate the complexity and diversity of opinions among investors regarding Church & Dwight Co., Inc.’s future prospects. It is imperative that investors conduct thorough due diligence and carefully analyze the individual factors influencing their investment decisions based on their specific financial goals and risk tolerance levels.
Church & Dwight Co., Inc.
CHD
Buy
Updated on: 18/08/2023
Institutional Investors and Insiders Make Significant Moves in Church & Dwight (CHD) Stock
In recent news, several institutional investors and hedge funds have made significant changes to their holdings of Church & Dwight (CHD) stock. Sei Investments Co., for instance, raised its stake in the company by 11.7% during the first quarter, acquiring an additional 15,509 shares and bringing its total ownership to 148,186 shares valued at $14,670,000. Similarly, Sequoia Financial Advisors LLC increased its stake by 27.8% in the same period, purchasing an extra 670 shares and now owning a total of 3,078 shares worth $306,000.
Candriam Luxembourg S.C.A., another institutional investor, raised its stake in Church & Dwight by a staggering 226.2% during the first quarter. The company now owns 55,918 shares of CHD stock valued at $5,557,000 after acquiring an additional 38,777 shares. Baird Financial Group Inc. also saw substantial growth in its holdings of Church & Dwight stock with a 119.2% increase in the first quarter. The group now possesses a total of 22,674 shares valued at $2,253,000.
Additionally, Brown Brothers Harriman & Co. witnessed a significant rise in their holdings with a growth rate of 54.6%, resulting in ownership of 1,702 shares now valued at $169,000.
All these institutional investors collectively own approximately 82.61% of Church & Dwight’s stock.
Furthermore, recent insider activity has caught attention within the industry as CEO Matthew Farrell sold 27,181 shares on August 14th for an average price of $96.03 per share. This transaction amounted to a total value of $2’610’191’43 leaving him with direct ownership of about112’444 shares valued at approximately $10’797’997’32.’
It is worth noting that CFO Richard A. Dierker also sold 90,000 shares on August 10th, at an average price of $95.80 per share, totaling $8’622’000. Following this transaction, the chief financial officer currently holds 7,544 shares valued at $722,715.20.
Insiders in total have sold approximately 125,467 shares of Church & Dwight stock worth $12’037’074 in the last three months alone. This amounts to roughly 2.00% of the company’s stock being owned by corporate insiders.
In terms of recent stock performance, Church & Dwight began trading at $92.17 on Friday. The company has a 50-day simple moving average of $96.93 and a 200-day simple moving average of $91.65. Its 1-year low stands at $70.16 while its 1-year high is reported to be $100.52.
With regard to financials, Church & Dwight Co., Inc., holds a debt-to-equity ratio of 0.61 and exhibits a current ratio of 1.41 along with a quick ratio of 0.80.
As far as valuation is concerned, the company boasts a market capitalization worth $22’680’000’000 and possesses a price-to-earnings ratio standing at 51.21 as well as a price-to-earnings-growth ratio of 3.76.
Considering all these statistics and latest activities within both institutional investors and executive shares selling, CHD may present intriguing opportunities for investors seeking an investment in the consumer goods industry; however further analysis would still be warranted before making any decisions regarding investments in this particular firm.
