Church & Dwight Co., Inc. (NYSE:CHD) Sees Significant Decline in Short Interest

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Church & Dwight Co., Inc. (NYSE:CHD) was the recipient of a significant drop in short interest in the month of November. As of November 29th, there was short interest totalling 6,880,000 shares, a drop of 25.1% from the November 14th total of 9,180,000 shares. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is presently 3.8 days. Currently, 2.8% of the shares of the company are sold short.

Several analysts have commented on CHD shares. JPMorgan Chase & Co. lowered Church & Dwight from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $74.00 to $65.00 in a report on Tuesday. Citigroup raised Church & Dwight from a “sell” rating to a “neutral” rating and set a $71.00 price objective on the stock in a report on Friday, November 1st. Bank of America raised Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Friday, September 27th. Oppenheimer set a $85.00 price objective on Church & Dwight and gave the company a “buy” rating in a report on Friday, November 1st. Finally, ValuEngine lowered Church & Dwight from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $72.94.

Church & Dwight stock traded up $0.05 during trading on Wednesday, reaching $69.40. 1,699,273 shares of the company were exchanged, compared to its average volume of 1,618,824. Church & Dwight has a 52-week low of $59.64 and a 52-week high of $80.99. The company has a market capitalization of $17.24 billion, a P/E ratio of 30.57, a PEG ratio of 3.23 and a beta of 0.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.80 and a quick ratio of 0.46. The stock’s 50 day simple moving average is $70.02 and its two-hundred day simple moving average is $74.25.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. Church & Dwight had a return on equity of 24.91% and a net margin of 14.33%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $0.58 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts forecast that Church & Dwight will post 2.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.2275 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.91 dividend on an annualized basis and a yield of 1.31%. Church & Dwight’s dividend payout ratio is currently 40.09%.

In other Church & Dwight news, VP Rick Spann acquired 1,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were bought at an average cost of $72.07 per share, with a total value of $72,070.00. Following the completion of the acquisition, the vice president now owns 4,973 shares in the company, valued at $358,404.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Penry W. Price acquired 704 shares of the company’s stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of $71.01 per share, for a total transaction of $49,991.04. Following the completion of the acquisition, the director now owns 20,053 shares of the company’s stock, valued at approximately $1,423,963.53. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 9,124 shares of company stock worth $649,798. 2.00% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Resources Management Corp CT ADV purchased a new stake in Church & Dwight in the third quarter valued at $549,000. Metropolitan Life Insurance Co NY grew its stake in shares of Church & Dwight by 4.7% in the third quarter. Metropolitan Life Insurance Co NY now owns 48,891 shares of the company’s stock valued at $3,679,000 after buying an additional 2,185 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Church & Dwight by 268.1% in the third quarter. Voloridge Investment Management LLC now owns 69,595 shares of the company’s stock valued at $5,236,000 after buying an additional 50,689 shares in the last quarter. National Pension Service grew its stake in shares of Church & Dwight by 5.3% in the third quarter. National Pension Service now owns 364,514 shares of the company’s stock valued at $27,426,000 after buying an additional 18,482 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Church & Dwight by 42,146.6% in the third quarter. Point72 Asset Management L.P. now owns 629,052 shares of the company’s stock valued at $47,330,000 after buying an additional 627,563 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Church & Dwight Company Profile

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.

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