Stokes Capital Advisors LLC Sells 1,140 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Stokes Capital Advisors LLC reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 23.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,750 shares of the company’s stock after selling 1,140 shares during the period. Stokes Capital Advisors LLC’s holdings in Church & Dwight were worth $391,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Chilton Capital Management LLC grew its holdings in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after buying an additional 110 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Church & Dwight by 14.7% during the fourth quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock valued at $87,000 after buying an additional 113 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of Church & Dwight by 2.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock valued at $516,000 after buying an additional 117 shares during the last quarter. Gateway Advisory LLC grew its holdings in shares of Church & Dwight by 4.4% during the third quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock valued at $262,000 after buying an additional 120 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its holdings in shares of Church & Dwight by 0.7% during the first quarter. Sovereign Financial Group Inc. now owns 17,436 shares of the company’s stock valued at $1,819,000 after buying an additional 120 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Performance

CHD stock traded down $0.47 during mid-day trading on Friday, hitting $103.54. The company had a trading volume of 278,963 shares, compared to its average volume of 1,255,774. The stock’s fifty day moving average price is $106.79 and its two-hundred day moving average price is $101.82. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $110.31. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The firm has a market cap of $25.32 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 3.41 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 35.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Oppenheimer boosted their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group began coverage on shares of Church & Dwight in a report on Friday, March 1st. They set a “buy” rating and a $110.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Evercore ISI boosted their price target on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $106.65.

Insider Activity

In other news, Director Robert K. Shearer sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total value of $1,403,952.00. Following the sale, the director now owns 29,108 shares of the company’s stock, valued at $3,095,926.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Robert K. Shearer sold 13,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the sale, the director now owns 29,108 shares of the company’s stock, valued at approximately $3,095,926.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the sale, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The disclosure for this sale can be found here. Insiders have sold a total of 182,346 shares of company stock valued at $19,465,948 over the last quarter. Company insiders own 2.00% of the company’s stock.

Church & Dwight 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.