Church & Dwight Co., Inc. (NYSE:CHD) Short Interest Update
Church & Dwight Co., Inc. (NYSE:CHD) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 7,043,600 shares, a decline of 8.4% from the June 30th total of 7,687,500 shares. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is currently 5.4 days. Currently, 2.9% of the shares of the stock are sold short.
In other news, Director Robert K. Shearer sold 17,544 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $77.00, for a total value of $1,350,888.00. Following the sale, the director now directly owns 46,652 shares in the company, valued at approximately $3,592,204. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven P. Cugine sold 15,540 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $78.63, for a total transaction of $1,221,910.20. Following the completion of the sale, the executive vice president now owns 30,866 shares in the company, valued at $2,426,993.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,084 shares of company stock worth $4,248,398. 2.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. 6 Meridian lifted its holdings in Church & Dwight by 1.9% in the 2nd quarter. 6 Meridian now owns 7,214 shares of the company’s stock valued at $527,000 after purchasing an additional 136 shares in the last quarter. West Oak Capital LLC increased its stake in Church & Dwight by 11.9% in the 2nd quarter. West Oak Capital LLC now owns 1,317 shares of the company’s stock worth $96,000 after purchasing an additional 140 shares in the last quarter. Strategic Financial Services Inc increased its stake in Church & Dwight by 0.4% in the 1st quarter. Strategic Financial Services Inc now owns 35,536 shares of the company’s stock worth $2,531,000 after purchasing an additional 145 shares in the last quarter. Patten Group Inc. increased its stake in Church & Dwight by 4.9% in the 1st quarter. Patten Group Inc. now owns 3,204 shares of the company’s stock worth $228,000 after purchasing an additional 150 shares in the last quarter. Finally, Arabesque Asset Management Ltd increased its stake in Church & Dwight by 0.5% in the 2nd quarter. Arabesque Asset Management Ltd now owns 34,638 shares of the company’s stock worth $2,531,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.
Church & Dwight stock traded up $1.30 during trading hours on Thursday, hitting $78.97. The company had a trading volume of 58,510 shares, compared to its average volume of 1,225,664. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 3.56 and a beta of 0.18. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.44 and a current ratio of 0.78. Church & Dwight has a 1 year low of $54.46 and a 1 year high of $79.22. The business’s 50-day simple moving average is $75.15.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Church & Dwight had a net margin of 14.24% and a return on equity of 24.57%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. Research analysts forecast that Church & Dwight will post 2.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, August 14th. Church & Dwight’s payout ratio is currently 40.09%.
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.
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