Proficio Capital Partners LLC Invests $93,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Posted by Defense World Staff on Jul 4th, 2023

Proficio Capital Partners LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 93,133 shares of the company’s stock, valued at approximately $93,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHD. Nordea Investment Management AB raised its holdings in Church & Dwight by 1.4% in the 1st quarter. Nordea Investment Management AB now owns 15,696 shares of the company’s stock valued at $1,372,000 after acquiring an additional 219 shares during the last quarter. First Hawaiian Bank lifted its position in Church & Dwight by 2.1% during the first quarter. First Hawaiian Bank now owns 22,578 shares of the company’s stock worth $1,996,000 after buying an additional 467 shares in the last quarter. M. Kraus & Co boosted its stake in Church & Dwight by 1.9% during the first quarter. M. Kraus & Co now owns 106,754 shares of the company’s stock worth $9,438,000 after buying an additional 2,028 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in Church & Dwight by 3.0% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 4,814 shares of the company’s stock valued at $426,000 after buying an additional 139 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of Church & Dwight by 1.2% in the 1st quarter. Xponance Inc. now owns 42,849 shares of the company’s stock worth $3,788,000 after acquiring an additional 525 shares during the last quarter. 82.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In related news, EVP Rene Hemsey sold 7,460 shares of the company’s stock in a transaction 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 in the company, valued at approximately $609,872.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Barry A. Bruno sold 6,440 shares of Church & Dwight stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total value of $619,978.80. Following the transaction, the executive vice president now directly owns 4,302 shares in the company, valued at approximately $414,153.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rene Hemsey sold 7,460 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $96.56, for a total transaction 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 approximately $609,872.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,843 shares of company stock worth $29,632,614. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CHD shares. Jefferies Financial Group upped their price objective on shares of Church & Dwight from $111.00 to $113.00 in a report on Wednesday, June 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $96.00 to $105.00 in a research note on Friday, April 28th. UBS Group upped their price objective on Church & Dwight from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, April 6th. Stifel Nicolaus raised their target price on Church & Dwight from $85.00 to $95.00 in a research note on Friday, April 28th. Finally, Royal Bank of Canada upped their price target on Church & Dwight from $83.00 to $91.00 in a research note on Friday, April 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $91.56.

Church & Dwight Price Performance

CHD stock opened at $100.16 on Tuesday. The business’s 50-day moving average is $95.56 and its two-hundred day moving average is $88.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.18 and a quick ratio of 0.60. Church & Dwight Co., Inc. has a 1 year low of $70.16 and a 1 year high of $100.49. The firm has a market capitalization of $24.47 billion, a P/E ratio of 59.98, a P/E/G ratio of 4.09 and a beta of 0.48.

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

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a dividend of $0.2725 per share. The ex-dividend date was Friday, May 12th. This represents a $1.09 annualized dividend and a yield of 1.09%. Church & Dwight’s dividend payout ratio is currently 65.27%.

Church & Dwight Company Profile

(Free Report)

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.