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Patrick de Maynadier, Executive Vice President, General Counsel, and Secretary at Church & Dwight Co. Inc. (NYSE:CHD), recently executed a significant stock transaction. On March 10, de Maynadier sold 54,510 shares of common stock, generating approximately $6.32 million. The shares were sold at a weighted average price of $115.9762, with actual sale prices ranging from $115.649 to $116.0616.
In addition to the sale, de Maynadier exercised stock options to acquire 54,510 shares at a price of $73.87 per share, totaling about $4.03 million. Following these transactions, de Maynadier holds 10,497.184 shares directly. The company, which has maintained dividend payments for 51 consecutive years and boasts a "GOOD" financial health score according to InvestingPro, offers investors access to comprehensive analysis through its Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
In other recent news, Church & Dwight Co., Inc. reported fourth-quarter earnings that met analyst expectations, with revenue slightly surpassing estimates. The company achieved adjusted earnings per share of $0.77, aligning with the consensus, while revenue increased by 3.5% year-over-year to $1.58 billion, exceeding the projected $1.57 billion. For the full year 2024, Church & Dwight posted adjusted earnings of $3.44 per share on $6.11 billion in revenue. The company anticipates 2025 organic sales growth of 3-4% and adjusted earnings per share growth of 7-8%, although first-quarter guidance fell short of expectations.
In terms of analyst activity, Wells Fargo (NYSE:WFC) adjusted its price target for Church & Dwight to $165 from $168, maintaining an Overweight rating, and cited the company’s recent performance as a factor. Piper Sandler also revised its price target to $126 from $128 but retained an Overweight rating, expressing confidence in the company’s management and strategic focus on mergers and acquisitions. Stifel raised its price target to $105 from $103, maintaining a Hold rating due to conservative guidance for the first quarter of 2025. Meanwhile, Barclays (LON:BARC) increased its price target to $93 from $90 while keeping an Underweight rating, noting concerns about the company’s operational growth strategy.
These developments reflect a mix of cautious optimism and strategic repositioning as Church & Dwight navigates the current market environment.
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