Banco Santander S.A. Takes $896,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Banco Santander S.A. purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,559 shares of the company's stock, valued at approximately $896,000.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Church & Dwight during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight in the third quarter valued at about $28,000. Rothschild Investment LLC acquired a new position in Church & Dwight in the second quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Church & Dwight during the second quarter worth about $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight in the 2nd quarter valued at about $38,000. Institutional investors own 86.60% of the company's stock.

Analyst Ratings Changes

CHD has been the subject of a number of analyst reports. Barclays decreased 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. Truist Financial decreased their target price on Church & Dwight from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Monday, August 5th. TD Cowen increased their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Finally, Morgan Stanley downgraded shares of Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 target price on the stock. in a report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $108.53.

Insider Activity

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at $1,158,361.75. The trade was a 81.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,704,740.96. The trade was a 72.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 535,733 shares of company stock worth $55,920,470. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Performance

Church & Dwight stock traded down $0.35 during trading hours on Friday, hitting $111.90. The company had a trading volume of 1,712,386 shares, compared to its average volume of 1,783,254. Church & Dwight Co., Inc. has a one year low of $90.26 and a one year high of $113.50. The firm has a market cap of $27.42 billion, a PE ratio of 50.18, a PEG ratio of 4.11 and a beta of 0.55. The firm has a 50-day moving average of $104.17 and a 200 day moving average of $104.24. 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 (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, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.2838 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.01%. Church & Dwight's dividend payout ratio is presently 50.67%.

Church & Dwight 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.