Church & Dwight Co., Inc. (NYSE: CHD) EVP Maynadier Patrick D. De sells 25,166 shares
Church & Dwight Co., Inc. (NYSE: CHD) Executive Vice President Maynadier Patrick D. De sold 25,166 company shares in a transaction dated Tuesday, December 14. The shares were sold for an average price of $ 98.00, for a total value of $ 2,466,268.00. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through the SEC website.
The NYSE CHD traded up $ 1.22 in Wednesday’s session, reaching $ 99.13. 83,807 shares of the company were traded, for an average volume of 1,353,749. The company has a 50-day moving average price of $ 89.03 and a 200-day moving average price of $ 86.21. The stock has a market cap of $ 24.20 billion, a P / E ratio of 30.03, a PEG ratio of 4.03 and a beta of 0.41. The company has a debt to equity ratio of 0.35, a current ratio of 0.74, and a rapid ratio of 0.39. Church & Dwight Co., Inc. has a fifty-two week minimum of $ 77.62 and a fifty-two week maximum of $ 98.21.
Church & Dwight (NYSE: CHD) last reported its quarterly results on Thursday, October 28. The company reported earnings per share of $ 0.80 for the quarter, beating analyst consensus estimates of $ 0.71 by $ 0.09. The company posted revenue of $ 1.31 billion for the quarter, compared to a consensus estimate of $ 1.28 billion. Church & Dwight recorded a return on equity of 22.39% and a net margin of 16.02%. The company’s turnover is up 5.7% compared to the same quarter last year. In the same quarter of the previous year, the company achieved earnings per share of $ 0.70. On average, analysts forecast Church & Dwight Co., Inc. to post earnings per share of 2.97 for the current year.
Church & Dwight announced that its board of directors launched a share buyback program on Friday, October 29 that allows the company to repurchase $ 1.00 billion in shares. This buyback authorization allows the company to buy up to 4.6% of its shares through market purchases. Share buyback programs typically indicate that company management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 1. Shareholders of record on Monday, November 15, received a dividend of $ 0.2525 per share. This represents a dividend of $ 1.01 on an annualized basis and a return of 1.02%. The ex-dividend date of this dividend was Friday, November 12. Church & Dwight’s dividend payout ratio (DPR) is currently 30.98%.
Several large investors have recently changed their holdings in CHD. Strategic Blueprint LLC purchased a new stake in Church & Dwight shares during the second quarter valued at approximately $ 25,000. Eagle Bay Advisors LLC purchased a new equity interest in Church & Dwight during the second quarter valued at approximately $ 27,000. Capital Analysts LLC increased its stake in Church & Dwight shares by 244.1% during the second quarter. Capital Analysts LLC now owns 320 shares of the company valued at $ 27,000 after acquiring 227 additional shares during the period. US Asset Management LLC purchased a new stake in Church & Dwight shares during the third quarter valued at approximately $ 30,000. Finally, Liberty Wealth Management LLC increased its holdings in Church & Dwight shares by 8,512.1% during the second quarter. Liberty Wealth Management LLC now owns 2,842 shares of the company valued at $ 33,000 after acquiring an additional 2,809 shares during the period. Institutional investors hold 80.57% of the shares of the company.
A number of analysts have recently commented on CHD’s shares. Wells Fargo & Company increased its price target for Church & Dwight from $ 89.00 to $ 94.00 and gave the company an “equal weight” rating in a report released on Tuesday, November 30. JPMorgan Chase & Co. reaffirmed a “sell” note on Church & Dwight shares in a research report on Tuesday, November 30. Stifel Nicolaus raised his price target on Church & Dwight from $ 89.00 to $ 92.00 and gave the company a “conservation” rating in a research report published on Tuesday, November 30. Credit Suisse Group raised its price target on Church & Dwight from $ 100.00 to $ 105, and gave the company an “outperformance” rating in a research report released on Tuesday, November 30. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Church & Dwight from $ 91.00 to $ 93.00 and gave the company a “hold” rating in a research report published on Tuesday, November 30. Three investment analysts gave the stock a sell rating, four assigned a conservation rating and three gave the company’s shares a buy rating. According to MarketBeat data, Church & Dwight currently has an average “Hold” rating and an average price target 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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