Thrivent Financial for Lutherans Cuts Position in Church & Dwight Co., Inc. (NYSE:CHD)

Posted by Defense World Staff on May 14th, 2023

Thrivent Financial for Lutherans lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,638 shares of the company’s stock after selling 1,697 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Church & Dwight were worth $6,025,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Old North State Trust LLC purchased a new position in Church & Dwight during the 3rd quarter valued at approximately $30,000. Guardian Wealth Advisors LLC purchased a new position in shares of Church & Dwight in the 3rd quarter worth approximately $34,000. Glassman Wealth Services boosted its holdings in shares of Church & Dwight by 39.1% in the 4th quarter. Glassman Wealth Services now owns 655 shares of the company’s stock worth $53,000 after purchasing an additional 184 shares during the period. Standard Family Office LLC purchased a new position in shares of Church & Dwight in the 3rd quarter worth approximately $49,000. Finally, Capital Directions Investment Advisors LLC purchased a new position in shares of Church & Dwight in the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 80.86% of the company’s stock.

Church & Dwight Stock Performance

NYSE CHD opened at $96.86 on Friday. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 58.00, a PEG ratio of 3.94 and a beta of 0.46. Church & Dwight Co., Inc. has a twelve month low of $70.16 and a twelve month high of $99.04. The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $89.84 and a 200 day moving average of $83.67.

Church & Dwight (NYSE:CHD – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Church & Dwight had a return on equity of 20.49% and a net margin of 7.49%. Church & Dwight’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.1 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.13%. Church & Dwight’s payout ratio is currently 65.27%.

Analyst Ratings Changes

CHD has been the subject of a number of recent research reports. StockNews.com upgraded Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, April 29th. 888 restated a “maintains” rating on shares of Church & Dwight in a report on Friday, April 28th. 92 Resources reaffirmed a “maintains” rating on shares of Church & Dwight in a research report on Friday, April 28th. Royal Bank of Canada boosted their price target on Church & Dwight from $83.00 to $91.00 in a research report on Friday, April 28th. Finally, Barclays boosted their price target on Church & Dwight from $79.00 to $83.00 in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $90.63.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Paul Richard Wood sold 48,262 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $83.37, for a total transaction of $4,023,602.94. Following the completion of the transaction, the executive vice president now owns 120 shares of the company’s stock, valued at $10,004.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Church & Dwight news, EVP Paul Richard Wood sold 48,262 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $83.37, for a total transaction of $4,023,602.94. Following the completion of the transaction, the executive vice president now owns 120 shares of the company’s stock, valued at $10,004.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rene Hemsey sold 7,460 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $96.56, for a total value of $720,337.60. Following the completion of the sale, the executive vice president now owns 6,316 shares of the company’s stock, valued at $609,872.96. The disclosure for this sale can be found here. Insiders sold 389,193 shares of company stock valued at $36,601,855 over the last quarter. 2.00% of the stock is currently owned by insiders.

About Church & Dwight

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Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.