Sustainable Insight Capital Management LLC acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the first quarter, Holdings Channel.com reports. The firm acquired 8,300 shares of the company’s stock, valued at approximately $775,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Church & Dwight by 0.6% during the fourth quarter. State Street Corp now owns 13,875,412 shares of the company’s stock worth $1,163,453,000 after purchasing an additional 88,594 shares during the period. Capital International Investors raised its position in shares of Church & Dwight by 18.1% in the fourth 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 period. JPMorgan Chase & Co. lifted its stake in shares of Church & Dwight by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,610,224 shares of the company’s stock worth $638,117,000 after buying an additional 1,473,894 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Church & Dwight by 51.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company’s stock worth $468,902,000 after buying an additional 1,709,090 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Church & Dwight by 5.5% in the fourth quarter. Invesco Ltd. now owns 3,854,060 shares of the company’s stock worth $323,163,000 after buying an additional 200,208 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Trading Up 1.6%
Shares of Church & Dwight stock opened at $97.71 on Friday. The firm has a market capitalization of $23.15 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 3.46 and a beta of 0.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.81. The company’s fifty day moving average price is $96.85 and its two-hundred day moving average price is $96.11. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04.
Church & Dwight Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 15th. Church & Dwight’s dividend payout ratio is currently 40.46%.
Analysts Set New Price Targets
CHD has been the topic of a number of research analyst reports. Evercore set a $105.00 target price on shares of Church & Dwight in a research note on Monday, May 4th. Weiss Ratings raised shares of Church & Dwight from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $114.00 price target on shares of Church & Dwight in a research report on Monday, June 1st. Finally, Barclays lifted their price objective on Church & Dwight from $79.00 to $86.00 and gave the stock an “underweight” rating in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $103.82.
View Our Latest Report on Church & Dwight
Insider Activity at Church & Dwight
In other news, EVP Carlos G. Linares sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $99.71, for a total value of $997,100.00. Following the sale, the executive vice president owned 4,668 shares of the company’s stock, valued at approximately $465,446.28. This represents a 68.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Penry W. Price sold 5,960 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $94.86, for a total transaction of $565,365.60. Following the sale, the director owned 30,070 shares of the company’s stock, valued at $2,852,440.20. This trade represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 47,680 shares of company stock valued at $4,672,190. Insiders own 2.00% of the company’s stock.
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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