BNP Paribas Financial Markets Cuts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

BNP Paribas Financial Markets trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 54.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 256,474 shares of the company’s stock after selling 310,267 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Church & Dwight worth $26,858,000 at the end of the most recent reporting period.

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

Church & Dwight Trading Down 0.1 %

Church & Dwight stock opened at $110.20 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm has a market cap of $27.00 billion, a PE ratio of 49.42, a P/E/G ratio of 4.04 and a beta of 0.55. The stock’s 50 day simple moving average is $104.87 and its two-hundred day simple moving average is $104.35. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50.

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. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.2838 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.03%. Church & Dwight’s dividend payout ratio is presently 50.67%.

Insiders Place Their Bets

In other news, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the sale, the director now owns 7,129 shares in the company, valued at $740,275.36. This trade represents a 61.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph James Longo sold 7,780 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares of the company’s stock, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 543,513 shares of company stock worth $56,795,253. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial lowered their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Stifel Nicolaus lowered their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upped their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.53.

Church & Dwight Company Profile

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.