Sanctuary Advisors LLC bought a new position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 11,782 shares of the company’s stock, valued at approximately $1,141,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Church & Dwight in the 2nd quarter worth about $2,174,535,000. State Street Corp grew its position in Church & Dwight by 0.6% during the 4th quarter. State Street Corp now owns 13,875,412 shares of the company’s stock valued at $1,163,453,000 after purchasing an additional 88,594 shares during the last quarter. Capital International Investors grew its position in Church & Dwight by 18.1% during the 4th quarter. Capital International Investors now owns 11,302,929 shares of the company’s stock valued at $947,820,000 after purchasing an additional 1,734,801 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Church & Dwight by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,610,224 shares of the company’s stock valued at $638,117,000 after purchasing an additional 1,473,894 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Church & Dwight by 51.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company’s stock valued at $468,902,000 after purchasing an additional 1,709,090 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Trading Down 0.5%
Church & Dwight stock opened at $102.40 on Friday. The business has a 50-day simple moving average of $98.97 and a two-hundred day simple moving average of $97.69. The company has a market cap of $24.29 billion, a P/E ratio of 32.92, a P/E/G ratio of 3.75 and a beta of 0.47. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04. The company has a quick ratio of 0.69, a current ratio of 1.15 and a debt-to-equity ratio of 0.51.
Church & Dwight Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.3075 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.23 annualized dividend and a yield of 1.2%. Church & Dwight’s dividend payout ratio (DPR) is presently 39.55%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on CHD shares. JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Morgan Stanley set a $112.00 price target on shares of Church & Dwight in a research report on Monday, August 3rd. UBS Group restated a “neutral” rating and issued a $107.00 price objective (up from $104.00) on shares of Church & Dwight in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Church & Dwight in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $104.41.
View Our Latest Analysis on CHD
Insiders Place Their Bets
In other news, Director Arthur B. Winkleblack sold 13,200 shares of Church & Dwight stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.83, for a total transaction of $1,357,356.00. Following the transaction, the director owned 7,129 shares in the company, valued at $733,075.07. This trade represents a 64.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert K. Shearer sold 8,600 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the sale, the director directly owned 30,678 shares of the company’s stock, valued at approximately $3,005,523.66. The trade was a 21.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 94,970 shares of company stock valued at $9,568,872. 2.00% of the stock is currently owned by corporate insiders.
About Church & Dwight
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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