MGO One Seven LLC trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 66.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,240 shares of the company’s stock after selling 10,456 shares during the period. MGO One Seven LLC’s holdings in Church & Dwight were worth $439,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CHD. State Street Corp raised its position in shares of Church & Dwight by 2.4% in the 3rd quarter. State Street Corp now owns 13,786,818 shares of the company’s stock valued at $1,208,139,000 after buying an additional 319,763 shares in the last quarter. Capital International Investors raised its position in Church & Dwight by 0.5% during the third quarter. Capital International Investors now owns 9,568,128 shares of the company’s stock valued at $838,252,000 after purchasing an additional 50,296 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Church & Dwight by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock worth $537,736,000 after purchasing an additional 175,960 shares during the last quarter. Invesco Ltd. lifted its stake in Church & Dwight by 4.1% during the third quarter. Invesco Ltd. now owns 3,653,852 shares of the company’s stock worth $320,187,000 after purchasing an additional 143,739 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Church & Dwight by 0.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,341,015 shares of the company’s stock valued at $276,101,000 after purchasing an additional 23,677 shares in the last quarter. 86.60% of the stock is owned by institutional investors.
Church & Dwight Price Performance
CHD stock opened at $94.58 on Friday. The company has a market capitalization of $22.41 billion, a P/E ratio of 31.11, a PEG ratio of 3.45 and a beta of 0.48. The company has a fifty day moving average price of $95.51 and a 200-day moving average price of $91.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04.
Church & Dwight Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.23 annualized dividend and a dividend yield of 1.3%. Church & Dwight’s dividend payout ratio is presently 40.46%.
Insider Activity
In other news, Director Penry W. Price sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was 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 in the company, valued at $3,024,440.60. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Church & Dwight from $98.00 to $99.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley set a $105.00 price objective on Church & Dwight and gave the company an “equal weight” rating in a research note on Monday, February 2nd. UBS Group reiterated a “neutral” rating and issued a $100.00 target price (up from $98.00) on shares of Church & Dwight in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $109.00 target price on shares of Church & Dwight in a report on Monday, May 4th. Finally, Evercore set a $105.00 price target on shares of Church & Dwight in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and an average price target of $102.53.
Check Out Our Latest Analysis on CHD
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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Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD – Free Report).
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