AIA Group Ltd grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 38.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,541 shares of the company’s stock after acquiring an additional 712 shares during the quarter. AIA Group Ltd’s holdings in Church & Dwight were worth $253,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CHD. BlackRock Inc. lifted its holdings in Church & Dwight by 2.8% in the fourth quarter. BlackRock Inc. now owns 19,102,645 shares of the company’s stock worth $1,958,022,000 after purchasing an additional 514,589 shares during the period. State Street Corp lifted its holdings in Church & Dwight by 1.3% in the fourth quarter. State Street Corp now owns 12,291,175 shares of the company’s stock worth $1,259,845,000 after purchasing an additional 154,906 shares during the period. Fundsmith LLP lifted its holdings in Church & Dwight by 5.8% in the fourth quarter. Fundsmith LLP now owns 11,658,319 shares of the company’s stock worth $1,194,978,000 after purchasing an additional 635,823 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Church & Dwight by 35.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,087,707 shares of the company’s stock worth $623,990,000 after purchasing an additional 1,596,506 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Church & Dwight by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,632,313 shares of the company’s stock worth $473,581,000 after purchasing an additional 106,461 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Church & Dwight from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 1st. Morgan Stanley dropped their price target on shares of Church & Dwight from $86.00 to $82.00 and set an “underweight” rating on the stock in a research report on Monday, August 1st. Barclays dropped their price target on shares of Church & Dwight from $78.00 to $76.00 and set an “underweight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group dropped their price target on shares of Church & Dwight from $104.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Church & Dwight from $99.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, August 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $94.79.
Insider Buying and Selling at Church & Dwight
Church & Dwight Trading Up 0.0 %
NYSE:CHD opened at $87.00 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.63. Church & Dwight Co., Inc. has a fifty-two week low of $80.34 and a fifty-two week high of $105.28. The stock’s 50-day moving average is $90.38 and its two-hundred day moving average is $95.77. The stock has a market cap of $21.13 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 3.60 and a beta of 0.34.
Church & Dwight (NYSE:CHD – Get Rating) last released its earnings results on Friday, July 29th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.02 earnings per share for the current fiscal year.
Church & Dwight Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.2625 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.05 annualized dividend and a yield of 1.21%. Church & Dwight’s dividend payout ratio (DPR) is presently 33.33%.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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