Church & Dwight Co., Inc. (NYSE:CHD) Short Interest Update

Church & Dwight Co., Inc. (NYSE:CHD) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 6,417,500 shares, a decline of 8.9% from the July 31st total of 7,043,600 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 5.0 days.

CHD has been the subject of several research reports. Oppenheimer reissued a “buy” rating on shares of Church & Dwight in a report on Tuesday. Stifel Nicolaus lifted their price target on Church & Dwight from $71.00 to $74.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. SunTrust Banks lifted their price target on Church & Dwight to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Jefferies Financial Group set a $86.00 price target on Church & Dwight and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research lowered shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $71.34.

CHD traded down $0.67 on Friday, hitting $71.98. The company had a trading volume of 2,905,776 shares, compared to its average volume of 1,587,420. The firm has a market cap of $17.97 billion, a P/E ratio of 31.71, a PEG ratio of 3.31 and a beta of 0.14. Church & Dwight has a 1 year low of $54.46 and a 1 year high of $80.99. The company’s fifty day moving average price is $77.19 and its 200 day moving average price is $73.79. The company has a current ratio of 0.78, a quick ratio of 0.44 and a debt-to-equity ratio of 0.69.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Church & Dwight had a return on equity of 24.57% and a net margin of 14.24%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Church & Dwight will post 2.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.228 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.91 dividend on an annualized basis and a yield of 1.27%. Church & Dwight’s payout ratio is 40.09%.

In other news, Director Robert D. Leblanc sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $78.34, for a total transaction of $783,400.00. Following the completion of the transaction, the director now directly owns 49,702 shares of the company’s stock, valued at $3,893,654.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 37,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $80.00, for a total transaction of $3,000,000.00. Following the transaction, the executive vice president now directly owns 47,231 shares of the company’s stock, valued at $3,778,480. The disclosure for this sale can be found here. Insiders sold 90,418 shares of company stock valued at $7,198,251 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CHD. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Church & Dwight by 10.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,599 shares of the company’s stock valued at $3,989,000 after acquiring an additional 5,063 shares in the last quarter. Toronto Dominion Bank grew its holdings in Church & Dwight by 75.0% during the second quarter. Toronto Dominion Bank now owns 298,915 shares of the company’s stock worth $21,371,000 after purchasing an additional 128,074 shares during the period. Keudell Morrison Wealth Management bought a new position in Church & Dwight during the second quarter worth about $2,658,000. Treasurer of the State of North Carolina grew its holdings in Church & Dwight by 1.3% during the second quarter. Treasurer of the State of North Carolina now owns 120,115 shares of the company’s stock worth $8,776,000 after purchasing an additional 1,587 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Church & Dwight by 6.7% during the second quarter. Mackenzie Financial Corp now owns 11,808 shares of the company’s stock worth $863,000 after purchasing an additional 742 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc engages 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, 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.

See Also: Fundamental Analysis

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