Church & Dwight Co., Inc. (NYSE:CHD) Short Interest Up 29.3% in November

Church & Dwight Co., Inc. (NYSE:CHD) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,000,000 shares, an increase of 29.3% from the October 31st total of 4,640,000 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is presently 4.0 days.

Insider Buying and Selling

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the transaction, the director now owns 7,129 shares of the company’s stock, valued at $740,275.36. This trade represents a 61.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,158,361.75. This trade represents a 81.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 543,513 shares of company stock worth $56,795,253. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHD. Capital Performance Advisors LLP acquired a new stake in Church & Dwight during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in shares of Church & Dwight during the third quarter worth about $28,000. Rothschild Investment LLC acquired a new stake in Church & Dwight in the 2nd quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Church & Dwight in the 2nd quarter valued at approximately $33,000. Finally, Strategic Financial Concepts LLC acquired a new position in Church & Dwight during the 2nd quarter worth approximately $38,000. Institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial cut their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Evercore ISI decreased their target price on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $108.53.

Church & Dwight Price Performance

Shares of CHD stock traded up $0.44 during mid-day trading on Monday, reaching $110.57. The company’s stock had a trading volume of 202,098 shares, compared to its average volume of 1,391,947. The company has a market cap of $27.09 billion, a P/E ratio of 49.39, a PEG ratio of 4.03 and a beta of 0.57. The firm’s 50-day moving average is $104.87 and its two-hundred day moving average is $104.31. Church & Dwight has a 1-year low of $90.26 and a 1-year high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. On average, research analysts predict that Church & Dwight will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

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

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.