Vontobel Holding Ltd. decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 27.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,438 shares of the company’s stock after selling 23,413 shares during the quarter. Vontobel Holding Ltd.’s holdings in Church & Dwight were worth $6,097,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company’s stock worth $3,461,410,000 after purchasing an additional 750,575 shares in the last quarter. Northern Trust Corp raised its stake in Church & Dwight by 2.6% in the 1st quarter. Northern Trust Corp now owns 3,097,722 shares of the company’s stock worth $341,028,000 after purchasing an additional 79,170 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Church & Dwight by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,558,231 shares of the company’s stock worth $281,636,000 after purchasing an additional 153,270 shares in the last quarter. American Century Companies Inc. raised its stake in Church & Dwight by 48.3% in the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company’s stock worth $232,845,000 after purchasing an additional 688,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Church & Dwight by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,474,870 shares of the company’s stock worth $162,368,000 after purchasing an additional 26,286 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Stock Down 0.0%
Shares of NYSE CHD opened at $87.61 on Friday. The company has a 50 day simple moving average of $91.38 and a 200 day simple moving average of $96.19. The firm has a market cap of $21.34 billion, a PE ratio of 41.33, a price-to-earnings-growth ratio of 3.64 and a beta of 0.43. Church & Dwight Co., Inc. has a 1 year low of $85.08 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33.
Church & Dwight Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is 55.66%.
Insider Activity at Church & Dwight
In other Church & Dwight news, CEO Richard A. Dierker acquired 5,470 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the acquisition, the chief executive officer directly owned 27,212 shares in the company, valued at $2,491,802.84. This represents a 25.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Read purchased 2,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $91.27 per share, with a total value of $182,540.00. Following the acquisition, the executive vice president owned 7,505 shares in the company, valued at approximately $684,981.35. The trade was a 36.33% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 12,879 shares of company stock worth $1,177,702 in the last quarter. 2.00% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms recently weighed in on CHD. Citigroup cut their price objective on shares of Church & Dwight from $88.00 to $85.00 and set a “sell” rating for the company in a research report on Thursday. Barclays cut their price objective on shares of Church & Dwight from $84.00 to $83.00 and set an “underweight” rating for the company in a research report on Monday, August 4th. Bank of America cut their price objective on shares of Church & Dwight from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday. Redburn Partners set a $83.00 price objective on shares of Church & Dwight in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a research report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $100.88.
Get Our Latest Analysis on Church & Dwight
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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