Meridian Wealth Management LLC Buys New Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Meridian Wealth Management LLC purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,545 shares of the company’s stock, valued at approximately $371,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Church & Dwight during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in Church & Dwight during the 3rd quarter valued at approximately $28,000. Rothschild Investment LLC purchased a new position in Church & Dwight during the 2nd quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Church & Dwight during the 2nd quarter valued at approximately $33,000. Finally, Strategic Financial Concepts LLC purchased a new position in Church & Dwight during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Down 0.3 %

Shares of NYSE CHD opened at $111.90 on Monday. The firm has a market cap of $27.42 billion, a PE ratio of 50.18, a price-to-earnings-growth ratio of 4.09 and a beta of 0.55. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $113.50. The business has a fifty day simple moving average of $104.17 and a two-hundred day simple moving average of $104.20.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. Analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of recent research reports. Barclays dropped their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a report on Monday, September 9th. Truist Financial dropped their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Evercore ISI dropped their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 5th. Finally, Piper Sandler assumed coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average price target of $108.53.

Insider Transactions at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 45,120 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at $1,158,361.75. The trade was a 81.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. This trade represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 535,733 shares of company stock valued at $55,920,470. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Company Profile

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 litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.