Board of the Pension Protection Fund Buys Shares of 6,100 Church & Dwight Co., Inc. (NYSE:CHD)

Board of the Pension Protection Fund bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,100 shares of the company's stock, valued at approximately $639,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. increased its position in Church & Dwight by 1.5% in the second quarter. Federated Hermes Inc. now owns 141,450 shares of the company's stock worth $14,666,000 after buying an additional 2,159 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Church & Dwight by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 314,741 shares of the company's stock worth $32,632,000 after acquiring an additional 10,618 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Church & Dwight by 15.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company's stock worth $121,191,000 after acquiring an additional 159,233 shares during the period. Citizens Financial Group Inc. RI lifted its position in Church & Dwight by 9.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,395 shares of the company's stock valued at $559,000 after purchasing an additional 446 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Church & Dwight during the 2nd quarter valued at about $1,359,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on CHD. TD Cowen raised their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company raised their target price on Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a research report on Monday, November 4th. Piper Sandler raised their price target on Church & Dwight from $124.00 to $128.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Barclays reduced their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $110.00.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,158,361.75. This trade represents a 81.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the transaction, the chief accounting officer now owns 400 shares in the company, valued at $44,976. This represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 593,035 shares of company stock valued at $62,282,808. Company insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

Shares of CHD traded down $1.90 during trading hours on Wednesday, hitting $103.38. 1,548,571 shares of the company were exchanged, compared to its average volume of 1,596,241. The firm has a fifty day simple moving average of $106.82 and a 200-day simple moving average of $104.04. The company has a market capitalization of $25.33 billion, a PE ratio of 46.36, a PEG ratio of 3.86 and a beta of 0.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. Church & Dwight Co., Inc. has a one year low of $96.09 and a one year high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $0.74 EPS. Church & Dwight's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight's dividend payout ratio is 50.67%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.