Church & Dwight Sees Unusually Large Options Volume (NYSE:CHD)

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Church & Dwight Co., Inc. (NYSE:CHD) saw some unusual options trading activity on Thursday. Stock investors bought 3,732 call options on the stock. This represents an increase of approximately 563% compared to the typical daily volume of 563 call options.

CHD has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Church & Dwight from $89.00 to $94.00 and gave the company an “equal weight” rating in a report on Tuesday, November 30th. Credit Suisse Group boosted their price objective on Church & Dwight from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, November 30th. Stifel Nicolaus boosted their price objective on Church & Dwight from $89.00 to $92.00 and gave the stock a “hold” rating in a report on Tuesday, November 30th. Oppenheimer boosted their price objective on Church & Dwight from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, December 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Tuesday, November 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $92.90.

Church & Dwight stock opened at $99.53 on Friday. The firm has a market capitalization of $24.30 billion, a P/E ratio of 30.53, a PEG ratio of 4.14 and a beta of 0.41. Church & Dwight has a 1 year low of $77.62 and a 1 year high of $102.27. The business has a 50-day moving average of $91.63 and a 200-day moving average of $86.95. The company has a current ratio of 0.74, a quick ratio of 0.39 and a debt-to-equity ratio of 0.35.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, October 28th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Church & Dwight had a return on equity of 22.39% and a net margin of 16.02%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. Research analysts anticipate that Church & Dwight will post 2.97 EPS for the current fiscal year.

Church & Dwight declared that its Board of Directors has initiated a stock buyback plan on Friday, October 29th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Stockholders of record on Monday, November 15th were given a dividend of $0.2525 per share. The ex-dividend date of this dividend was Friday, November 12th. This represents a $1.01 annualized dividend and a dividend yield of 1.01%. Church & Dwight’s payout ratio is currently 30.98%.

In related news, Director Arthur B. Winkleblack sold 12,000 shares of Church & Dwight stock in a transaction dated Tuesday, November 30th. The stock was sold at an average price of $92.40, for a total value of $1,108,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard A. Dierker sold 53,281 shares of Church & Dwight stock in a transaction dated Tuesday, November 30th. The shares were sold at an average price of $90.33, for a total value of $4,812,872.73. The disclosure for this sale can be found here. Insiders sold a total of 869,968 shares of company stock worth $82,018,976 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its position in shares of Church & Dwight by 3.2% in the 2nd quarter. State Street Corp now owns 11,918,885 shares of the company’s stock valued at $1,015,727,000 after purchasing an additional 369,226 shares during the period. Capital International Investors grew its position in shares of Church & Dwight by 2.5% in the 2nd quarter. Capital International Investors now owns 11,838,464 shares of the company’s stock valued at $1,008,874,000 after purchasing an additional 290,534 shares during the period. Fundsmith LLP grew its position in shares of Church & Dwight by 19.5% in the 3rd quarter. Fundsmith LLP now owns 11,022,496 shares of the company’s stock valued at $910,127,000 after purchasing an additional 1,798,374 shares during the period. Geode Capital Management LLC grew its position in shares of Church & Dwight by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 4,525,852 shares of the company’s stock valued at $372,744,000 after purchasing an additional 97,607 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Church & Dwight by 53.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,491,201 shares of the company’s stock valued at $370,837,000 after purchasing an additional 1,573,883 shares during the period. Institutional investors and hedge funds own 80.57% 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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