Northeast Investment Management reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,195 shares of the company’s stock after selling 6,128 shares during the period. Northeast Investment Management’s holdings in Church & Dwight were worth $4,712,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CHD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 acquiring an additional 945 shares in the last quarter. Empowered Funds LLC boosted its stake in Church & Dwight by 18.4% in the first quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock valued at $726,000 after acquiring an additional 1,024 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Church & Dwight in the second quarter valued at about $254,000. Baird Financial Group Inc. boosted its stake in Church & Dwight by 9.0% in the second quarter. Baird Financial Group Inc. now owns 29,398 shares of the company’s stock valued at $2,825,000 after acquiring an additional 2,419 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Church & Dwight by 0.4% in the 2nd quarter. Cerity Partners LLC now owns 52,273 shares of the company’s stock worth $5,024,000 after buying an additional 204 shares during the period. 86.60% of the stock is owned by institutional investors.
Church & Dwight Price Performance
Shares of Church & Dwight stock opened at $93.59 on Wednesday. The company’s fifty day simple moving average is $95.86 and its two-hundred day simple moving average is $91.64. The firm has a market cap of $22.18 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $106.04.
Church & Dwight Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. Church & Dwight’s dividend payout ratio (DPR) is 40.46%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Rothschild & Co Redburn set a $91.00 price objective on Church & Dwight and gave the company a “neutral” rating in a research note on Friday, February 13th. Jefferies Financial Group increased their target price on shares of Church & Dwight from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Barclays lowered their price objective on shares of Church & Dwight from $85.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company lowered their price objective on shares of Church & Dwight from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Citigroup reaffirmed a “neutral” rating and set a $100.00 target price (up from $87.00) on shares of Church & Dwight in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average target price of $102.53.
View Our Latest Analysis on Church & Dwight
Insider Transactions at Church & Dwight
In related news, Director Penry W. Price sold 7,000 shares of Church & Dwight stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $100.58, for a total transaction of $704,060.00. Following the completion of the transaction, the director directly owned 30,070 shares of the company’s stock, valued at $3,024,440.60. This trade represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.
Church & Dwight 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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