Traders Buy Large Volume of Church & Dwight Put Options (NYSE:CHD)

Church & Dwight Co., Inc. (NYSE:CHD) saw unusually large options trading on Wednesday. Investors acquired 5,752 put options on the stock. This is an increase of approximately 615% compared to the average volume of 804 put options.

Church & Dwight Stock Down 0.0 %

Shares of NYSE CHD opened at $106.64 on Thursday. The firm has a market cap of $26.13 billion, a PE ratio of 47.82, a P/E/G ratio of 3.28 and a beta of 0.58. The company’s fifty day simple moving average is $106.81 and its 200 day simple moving average is $104.05. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight has a 12-month low of $96.09 and a 12-month high of $113.50.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Church & Dwight will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.06%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Analysts Set New Price Targets

CHD has been the topic of several recent research reports. TD Cowen raised their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Piper Sandler upped their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Barclays upped their price target on Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Stifel Nicolaus dropped their target price on Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and an average target price of $110.61.

Insider Transactions at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the sale, the chief accounting officer now owns 400 shares of the company’s stock, valued at $44,976. This represents a 95.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the transaction, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 593,035 shares of company stock valued at $62,282,808. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Church & Dwight

A number of hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in Church & Dwight in the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Church & Dwight in the third quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Church & Dwight by 224.4% in the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Church & Dwight during the 2nd quarter valued at about $33,000. Finally, Kimelman & Baird LLC bought a new position in Church & Dwight during the second quarter valued at approximately $46,000. 86.60% of the stock is currently owned by institutional investors.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. 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.