Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 558,718 shares of the company’s stock after buying an additional 7,491 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.23% of Church & Dwight worth $46,172,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $2,672,000 after purchasing an additional 945 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Church & Dwight by 18.4% during the first quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock valued at $726,000 after purchasing an additional 1,024 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Church & Dwight during the second quarter valued at approximately $254,000. Baird Financial Group Inc. boosted its position in shares of Church & Dwight by 9.0% during the second quarter. Baird Financial Group Inc. now owns 29,398 shares of the company’s stock valued at $2,825,000 after purchasing an additional 2,419 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Church & Dwight by 0.4% during the second quarter. Cerity Partners LLC now owns 52,273 shares of the company’s stock valued at $5,024,000 after purchasing an additional 204 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Trading Down 0.5%
Church & Dwight stock opened at $93.37 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $96.54 and its two-hundred day simple moving average is $91.54. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $106.04. The company has a market capitalization of $22.12 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.48.
Church & Dwight Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. Church & Dwight’s payout ratio is 40.46%.
Insider Buying and Selling
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total value of $704,060.00. Following the sale, the director directly owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.
Analyst Ratings Changes
CHD has been the topic of several research reports. TD Cowen lifted their price target on Church & Dwight from $99.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Barclays dropped their price target on Church & Dwight from $85.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Royal Bank Of Canada restated an “outperform” rating and set a $114.00 price target (up from $112.00) on shares of Church & Dwight in a research report on Monday, May 4th. Rothschild & Co Redburn set a $91.00 price target on Church & Dwight and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Evercore set a $105.00 price target on Church & Dwight in a research report on Monday. Nine equities research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.53.
View Our Latest Stock Analysis on Church & Dwight
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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