Investors Purchase Large Volume of Put Options on Church & Dwight (CHD)

Church & Dwight Co., Inc. (NYSE:CHD) was the target of some unusual options trading on Friday. Stock investors purchased 2,522 put options on the company. This represents an increase of 2,902% compared to the average volume of 84 put options.

Church & Dwight (NYSE CHD) opened at $49.91 on Monday. Church & Dwight has a 52 week low of $43.21 and a 52 week high of $54.18. The stock has a market capitalization of $12,473.76, a P/E ratio of 28.68, a P/E/G ratio of 2.59 and a beta of 0.55. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The company had revenue of $967.90 million for the quarter, compared to analysts’ expectations of $937.20 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Church & Dwight’s revenue was up 11.2% compared to the same quarter last year. analysts expect that Church & Dwight will post 1.92 EPS for the current year.

Church & Dwight declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

In other Church & Dwight news, CEO Matthew Farrell bought 5,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of $43.83 per share, with a total value of $219,150.00. Following the completion of the purchase, the chief executive officer now owns 103,685 shares in the company, valued at approximately $4,544,513.55. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard A. Dierker bought 1,146 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average cost of $43.66 per share, for a total transaction of $50,034.36. Following the purchase, the chief financial officer now owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Church & Dwight by 1.3% in the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock worth $1,441,451,000 after purchasing an additional 345,265 shares in the last quarter. Bessemer Group Inc. grew its stake in Church & Dwight by 0.8% in the third quarter. Bessemer Group Inc. now owns 4,852,760 shares of the company’s stock worth $235,117,000 after purchasing an additional 38,507 shares in the last quarter. American Century Companies Inc. grew its stake in Church & Dwight by 28.2% in the third quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock worth $93,169,000 after purchasing an additional 423,267 shares in the last quarter. APG Asset Management N.V. grew its stake in Church & Dwight by 13.1% in the third quarter. APG Asset Management N.V. now owns 1,795,728 shares of the company’s stock worth $87,003,000 after purchasing an additional 207,400 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Church & Dwight by 158.9% in the second quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock worth $92,964,000 after purchasing an additional 1,099,670 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on the company. KeyCorp reaffirmed a “hold” rating on shares of Church & Dwight in a research note on Monday, October 16th. Deutsche Bank assumed coverage on Church & Dwight in a research note on Wednesday, December 13th. They set a “buy” rating and a $54.00 target price on the stock. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and set a $62.00 target price on shares of Church & Dwight in a research note on Thursday, January 4th. Finally, Wells Fargo & Co upped their target price on Church & Dwight from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Church & Dwight currently has an average rating of “Hold” and a consensus price target of $50.70.

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Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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