July 20, 2023 – Church & Dwight Co., Inc. (NYSE:CHD), the major consumer goods company, experienced a notable surge in short interest during the month of June. The latest data reveals that as of June 30th, there was a total of 3,630,000 shares sold short, indicating a 10.0% increase from the previous figure recorded on June 15th when short interest stood at 3,300,000 shares.
Taking into account the average daily trading volume of 1,550,000 shares, the current short-interest ratio comes in at 2.3 days. It should also be noted that approximately 1.5% of the company’s shares are being sold short at present.
The recent activities surrounding Church & Dwight have garnered attention from hedge funds as well. Several institutions have initiated new positions in the company while others have opted to sell their existing ones.
One such example is Householder Group Estate & Retirement Specialist LLC, which purchased additional shares of Church & Dwight during the first quarter this year with an investment worth $29,000. Quintet Private Bank Europe S.A., Tradition Wealth Management LLC, and ST Germain D J Co. Inc., all made similar moves investing $30,000, $35,000, and $38,000 respectively during the same period.
Additionally, Old North State Trust LLC demonstrated its confidence in Church & Dwight by increasing its holdings by an impressive 88.6% throughout the first quarter. Consequently, the institution now possesses 796 shares amounting to $37,000.
A statement filed with this news explains how a considerable proportion (82.61%) of Church & Dwight’s stock is owned by institutional investors.
In further news related to these developments, EVP Rene Hemsey was involved in the sale of 7,460 shares on Tuesday, May 9th. These transactions took place at an average price of $96.56 per share, reaching a total value of $720,337.60.
Following this occurrence, Hemsey’s ownership of Church & Dwight stock presently rests at 6,316 shares with an estimated value of $609,872.96.
Another important sale that has taken place recently involves Director Robert K. Shearer who sold 11,590 shares of Church & Dwight stock on Tuesday, May 2nd.
These shares were sold at an average price of $96.23 each and generated a total sum of $1,115,305.70.
As a result, Shearer now directly owns 29,108 shares valued at around $2,801,062.84.
According to reports filed with the Securities & Exchange Commission (SEC), insiders have collectively sold off a significant number of company shares during the past three months.
Specifically, inside individuals have executed the sale of 305,843 Church & Dwight shares amounting to a total value exceeding $29 million.
The recent revelation also indicates that corporate insiders hold around 2% of Church & Dwight’s stock holdings.
Breaking away from insider activity news is the announcement made by Church & Dwight regarding its quarterly dividend payment.
On June 1st, the company distributed this quarter’s dividend among its shareholders in accordance with their record as stockholders by May 15th.
Shareholders received a dividend amounting to $0.2725 per each individual share they held on record date.
Calculating this payout annually results in a dividend yield of approximately 1.11% and a payout ratio of 65.27%.
In conclusion, Church & Dwight Co., Inc. has witnessed an upswing in short interest over the past month, showcasing the increased interest surrounding the company.
Simultaneously, various hedge funds have exhibited confidence by either initiating new positions or reinforcing current ones.
Furthermore, notable insider activity has occurred, including significant sales of the company’s stock by corporate insiders.
Investors have also been rewarded with a quarterly dividend payment that further emphasizes Church & Dwight’s commitment to deliver value to its shareholders.
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Church & Dwight (NYSE: CHD): A Remarkable Journey of Consistency and Growth in the Market
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”CHD” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Church & Dwight (NYSE:CHD) is a highly sought-after stock that has been garnering significant attention in the market. As of July 20, 2023, the shares of CHD opened at an impressive $98.24. What sets Church & Dwight apart from other companies is its remarkable journey over the past year, with a low of $70.16 and a high of $100.52. These figures have undoubtedly caught the eye of astute investors who are eager to learn more about this intriguing company.
One notable aspect of Church & Dwight’s performance is its ability to maintain stability during fluctuations in the market. The fifty-day moving average price stands at $96.19, while the two-hundred-day moving average price was recorded at $89.68. This consistency showcases the company’s resilience and potential for long-term growth.
Examining its financial structure, Church & Dwight possesses a debt-to-equity ratio of 0.65—an indicator of prudent financial management and responsible allocation of resources. Additionally, it boasts a current ratio of 1.18 and a quick ratio of 0.60, further highlighting its strong liquidity position.
With a market capitalization reaching an impressive $24.00 billion, Church & Dwight continues to demonstrate its standing as a prominent player in the industry. Its price-to-earnings ratio stands at 58.83—a testament to its prosperous growth trajectory—and suggests that investors have high expectations for future earnings potential.
Furthermore, Church & Dwight’s low beta value of 0.48 indicates relative stability compared to market fluctuations—a characteristic that often appeals to risk-averse investors seeking steady returns on their investments.
In terms of recent performance, on Thursday, April 27th, Church & Dwight released its quarterly earnings data with remarkable results. The company reported earnings per share (EPS) of $0.85 for the quarter, surpassing analysts’ consensus estimates by an impressive $0.09. This noteworthy achievement indicates the company’s ability to consistently outperform expectations.
Moreover, Church & Dwight boasts a robust net margin of 7.49%—a testament to its efficient management and ability to generate profits even in challenging market conditions. Its return on equity, at an impressive 20.49%, further exemplifies the company’s commitment to delivering value to its shareholders.
The firm’s revenue for the quarter came in at a staggering $1.43 billion, exceeding the consensus estimate of $1.35 billion. This growth of 10.2% compared to the same quarter last year showcases Church & Dwight’s ability to capitalize on market opportunities and maintain a steady upward trajectory.
Equity analysts widely predict that Church & Dwight will continue its impressive performance, with projected earnings per share of 3.1 for the current year. This forecast further solidifies the market’s confidence in the company’s future prospects.
In conclusion, Church & Dwight (NYSE:CHD) has earned its place as an esteemed player in the market due to its remarkable financial performance and steadfast growth trajectory. With impressive figures such as a low debt-to-equity ratio, strong liquidity position, and consistent earnings beats, this company stands apart from its peers.
Investors seeking stability combined with potential long-term returns are finding solace in Church & Dwight’s remarkable journey over the past year—a journey characterized by resilience, prudent financial management, and excellent market positioning.
As July 20, 2023 approaches its end, investors eagerly await updates on this intriguing company and anticipate continued success as it endeavors to deliver value and secure prosperity for both shareholders and stakeholders alike.
