Church & Dwight Co., Inc. (NYSE:CHD) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 5.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,000 shares of the company’s stock after purchasing an additional 896 shares during the period. Tidal Investments LLC’s holdings in Church & Dwight were worth $1,885,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Church & Dwight in the third quarter valued at $28,000. Rothschild Investment LLC bought a new position in Church & Dwight during the 2nd quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Church & Dwight during the 2nd quarter worth $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research report on Monday, September 9th. TD Cowen lifted their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Piper Sandler began coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective for the company. Finally, Barclays dropped their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Two 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’s stock. According to MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $109.56.

Insiders Place Their Bets

In other news, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the transaction, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Rick Spann sold 39,520 shares of Church & Dwight stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the completion of the transaction, the executive vice president now directly owns 4,973 shares in the company, valued at $556,976. This represents a 88.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 583,035 shares of company stock worth $61,221,708. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $105.86 on Tuesday. Church & Dwight Co., Inc. has a 12-month low of $90.69 and a 12-month high of $113.50. The company has a market cap of $25.94 billion, a PE ratio of 47.47, a P/E/G ratio of 3.86 and a beta of 0.57. The stock has a 50 day simple moving average of $105.91 and a 200-day simple moving average of $104.44. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The company 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 firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s payout ratio is 50.67%.

About Church & Dwight

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.