Point72 DIFC Ltd Takes $50,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Point72 DIFC Ltd purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 480 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new stake in Church & Dwight in the first quarter worth approximately $26,000. Crewe Advisors LLC bought a new stake in Church & Dwight in the first quarter worth $28,000. Roble Belko & Company Inc acquired a new position in Church & Dwight during the first quarter worth $31,000. Rothschild Investment LLC bought a new position in Church & Dwight during the second quarter valued at about $31,000. Finally, Creekmur Asset Management LLC bought a new position in Church & Dwight during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Up 1.4 %

Shares of CHD stock opened at $104.39 on Friday. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $110.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The stock has a fifty day moving average price of $102.10 and a 200 day moving average price of $104.21. The stock has a market cap of $25.56 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 3.81 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.2838 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.09%. Church & Dwight’s payout ratio is presently 35.87%.

Insider Buying and Selling

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CHD has been the subject of several recent analyst reports. Evercore ISI decreased their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. Truist Financial lowered their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Argus boosted their price objective on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. BNP Paribas began coverage on shares of Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 price objective for the company. Finally, Piper Sandler started coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $107.25.

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.