CHD stock rated a Buy by Truist


Church & Dwight Co. Inc.’s recent filing unveils that its President and CEO FARRELL MATTHEW unloaded Company’s shares for reported $12.76 million on Aug 30. In the deal valued at $96.00 per share,132,881 shares were sold. As a result of this transaction, FARRELL MATTHEW now holds 112,444 shares worth roughly $ 10.82 million.

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Then, FARRELL MATTHEW sold 27,181 shares, generating $2,610,325 in total proceeds. Upon selling the shares at $96.03, the President and CEO now owns 112,444 shares.

Before that, Dierker Richard A sold 90,000 shares. Church & Dwight Co. Inc. shares valued at $8,622,369 were divested by the EVP, CFO & Head of Business Op at a price of $95.80 per share. As a result of the transaction, Dierker Richard A now holds 7,544 shares, worth roughly $0.73 million.

Truist upgraded its Church & Dwight Co. Inc. [CHD] rating to a Buy from a a Hold in a research note published on Friday, August 28, 2023; the price target was increased to $105 from $95. PT values the company’s stock at a premium of 8.32 to its Friday closing price.

Price Performance Review of CHD

On Friday, Church & Dwight Co. Inc. [NYSE:CHD] saw its stock fall -0.53% to $96.26. On the same session, the stock had its day’s lowest price of $96.03, but rose to a high of $97.32. Over the last five days, the stock has gained 3.17%. Church & Dwight Co. Inc. shares have risen nearly 19.41% since the year began. Nevertheless, the stocks have risen 14.99% over the past one year. While a 52-week high of $100.52 was reached on 07/06/23, a 52-week low of $70.16 was recorded on 01/27/23. SMA at 50 days reached $96.54, while 200 days put it at $89.04. A total of 1.48 million shares were traded, compared to the trading of 2.72 million shares in the previous session.

Levels Of Support And Resistance For CHD Stock

The 24-hour chart illustrates a support level at 95.75, which if violated will result in even more drops to 95.25. On the upside, there is a resistance level at 97.04. A further resistance level may holdings at 97.83. The Relative Strength Index (RSI) on the 14-day chart is 56.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.85%. Stochastics %K at 89.63% indicates the stock is a selling.

How much short interest is there in Church & Dwight Co. Inc.?

A steep rise in short interest was recorded in Church & Dwight Co. Inc. stocks on Aug 14, 2023, dropping by -0.14 million shares to a total of 3.47 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.61 million shares. There was a decline of -4.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.61% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.49.

Church & Dwight Co. Inc. [CHD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 28,738,764 shares, or roughly 11.77% of the outstanding CHD shares. In other words, the investor’s shares have risen by 131,055 from its previous 13-F filing of 28607709.0. Additionally, BlackRock Fund Advisors increased 5.64% of its stake after which the total value it holdings stand at $1,436,824,679, while SSgA Funds Management, Inc. reduced -1.48% of its stake to hold $1.18 billion in the firm. Over the last quarter, Fundsmith LLP sold -2,437,019 shares of Church & Dwight Co. Inc., while Massachusetts Financial Services sold -619,348 shares. At present, Capital Research & Management Co is holding 6,470,284 shares valued at $619.01 million. Geode Capital Management LLC owned 5,444,485 shares of the company at the time of its most recent 13F filing, worth $520.87 million.

According to FactSet, Church & Dwight Co. Inc.’s share price will average $100.09 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.99 percent from its previous closing price of $96.77. Analysts expect Church & Dwight Co. Inc. stock to reach the higher price of $114.00, while the lowest price estimate is $82.00. However, 21 analysts have rated CHD stock as a Hold in their predictions for 2023.


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