Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 327,582 shares of the company’s stock after selling 52,868 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Church & Dwight were worth $28,706,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Church & Dwight by 4.1% in 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 during the last quarter. Empowered Funds LLC increased its stake in shares of Church & Dwight by 18.4% in the first quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock worth $726,000 after buying an additional 1,024 shares during the period. Sivia Capital Partners LLC bought a new stake in Church & Dwight during the 2nd quarter valued at $254,000. Diversified Trust Co raised its holdings in Church & Dwight by 18.5% during the 2nd quarter. Diversified Trust Co now owns 3,260 shares of the company’s stock valued at $313,000 after buying an additional 510 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Church & Dwight by 7.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,410 shares of the company’s stock valued at $232,000 after buying an additional 157 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Stock Performance
Shares of CHD opened at $92.92 on Friday. The company has a 50-day simple moving average of $85.34 and a two-hundred day simple moving average of $89.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.66. The firm has a market capitalization of $22.31 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 4.27 and a beta of 0.46. Church & Dwight Co., Inc. has a one year low of $81.33 and a one year high of $116.46.
Church & Dwight Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.18 annualized dividend and a yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is currently 37.11%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on CHD shares. Citigroup upgraded shares of Church & Dwight from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $87.00 in a research report on Wednesday, December 17th. Raymond James Financial raised Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $100.00 price target (down previously from $102.00) on shares of Church & Dwight in a research report on Wednesday, December 10th. Jefferies Financial Group set a $102.00 price objective on Church & Dwight in a report on Tuesday, December 16th. Finally, Oppenheimer set a $100.00 target price on Church & Dwight and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average price target of $98.65.
Read Our Latest Report on Church & Dwight
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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