Candlestick Capital Management LP bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund bought 861,651 shares of the company’s stock, valued at approximately $75,506,000. Church & Dwight accounts for about 1.8% of Candlestick Capital Management LP’s investment portfolio, making the stock its 16th biggest holding.
A number of other large investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Church & Dwight by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock worth $2,672,000 after buying an additional 945 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Church & Dwight by 18.4% in the 1st quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock worth $726,000 after acquiring an additional 1,024 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter worth $254,000. Savant Capital LLC raised its holdings in shares of Church & Dwight by 16.8% during the 2nd quarter. Savant Capital LLC now owns 7,093 shares of the company’s stock worth $682,000 after acquiring an additional 1,018 shares during the period. Finally, Prospera Financial Services Inc raised its holdings in shares of Church & Dwight by 8.2% during the 2nd quarter. Prospera Financial Services Inc now owns 5,529 shares of the company’s stock worth $531,000 after acquiring an additional 421 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Stock Down 1.5%
Shares of NYSE:CHD opened at $97.71 on Friday. The company has a market capitalization of $23.13 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 3.60 and a beta of 0.45. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $113.91. The business has a 50-day moving average price of $96.69 and a 200 day moving average price of $90.35. The company has a current ratio of 1.07, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55.
Church & Dwight Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a $0.3075 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.23 annualized dividend and a dividend yield of 1.3%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.30. Church & Dwight’s dividend payout ratio (DPR) is currently 40.73%.
Analyst Ratings Changes
CHD has been the subject of a number of analyst reports. Evercore upped their price objective on shares of Church & Dwight from $101.00 to $103.00 and gave the company an “in-line” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $100.00 target price (down from $102.00) on shares of Church & Dwight in a report on Wednesday, December 10th. Wells Fargo & Company set a $110.00 price target on shares of Church & Dwight in a research note on Tuesday, February 17th. JPMorgan Chase & Co. upgraded shares of Church & Dwight from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $92.00 to $100.00 in a report on Monday, February 2nd. Finally, Raymond James Financial raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research report on Monday, January 5th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $101.88.
Read Our Latest Research Report on CHD
Insider Buying and Selling
In other Church & Dwight news, Director Janet S. Vergis sold 12,960 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $101.00, for a total value of $1,308,960.00. Following the sale, the director owned 17,102 shares of the company’s stock, valued at $1,727,302. The trade was a 43.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Penry W. Price sold 7,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total value of $704,060.00. Following the transaction, the director owned 30,070 shares in the company, valued at $3,024,440.60. This trade represents a 18.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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