Rep. Jonathan L. Jackson Buys Church & Dwight Co., Inc. (NYSE:CHD) Shares

Representative Jonathan L. Jackson (D-Illinois) recently bought shares of Church & Dwight Co., Inc. (NYSE:CHD). In a filing disclosed on December 12th, the Representative disclosed that they had bought between $15,001 and $50,000 in Church & Dwight stock on November 13th. The trade occurred in the Representative’s “MORGAN STANLEY TRUST ACCOUNT” account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/27/2024.
• Sold $15,001 – $50,000 in shares of Applied Materials (NASDAQ:AMAT) on 11/27/2024.
• Sold $15,001 – $50,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 11/1/2024.
• Purchased $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 10/28/2024.
• Sold $15,001 – $50,000 in shares of ASML (NASDAQ:ASML) on 10/28/2024.
• Purchased $15,001 – $50,000 in shares of General Dynamics (NYSE:GD) on 9/24/2024.
• Sold $15,001 – $50,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 9/24/2024.
• Purchased $15,001 – $50,000 in shares of Aramark (NYSE:ARMK) on 9/19/2024.
• Sold $15,001 – $50,000 in shares of AES (NYSE:AES) on 9/19/2024.

Church & Dwight Trading Up 0.2 %

Shares of CHD traded up $0.23 on Friday, reaching $105.64. 926,996 shares of the company’s stock were exchanged, compared to its average volume of 1,481,044. The business has a 50 day moving average price of $105.77 and a two-hundred day moving average price of $104.42. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50. The stock has a market capitalization of $25.88 billion, a P/E ratio of 47.37, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Activity at Church & Dwight

In related news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction that occurred on 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 directly owns 400 shares in the company, valued at $44,976. This trade represents a 95.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. This trade represents a 59.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 583,035 shares of company stock valued at $61,221,708 in the last quarter. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

A number of hedge funds have recently added to or reduced their stakes in CHD. State Street Corp lifted its stake in Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after buying an additional 429,863 shares in the last quarter. Stifel Financial Corp grew its position in Church & Dwight by 0.5% in the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock valued at $449,830,000 after acquiring an additional 21,607 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after acquiring an additional 175,221 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Church & Dwight by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock worth $146,556,000 after purchasing an additional 16,257 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHD. Wells Fargo & Company upped their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Barclays lowered their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a report on Monday, September 9th. JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Finally, Piper Sandler assumed coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $109.56.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois’ 1st Congressional District. Jackson assumed office on January 3, 2023. Jackson’s current term ends on January 3, 2025. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois’ 1st Congressional District. Jackson declared candidacy for the 2024 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson’s career experience includes working as an investment analyst and an entrepreneur.

About Church & Dwight

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.