Alliancebernstein L.P. Sells 57,850 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Alliancebernstein L.P. cut its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,067 shares of the company's stock after selling 57,850 shares during the period. Alliancebernstein L.P. owned 0.13% of Church & Dwight worth $32,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. YANKCOM Partnership acquired a new position in Church & Dwight in the fourth quarter worth $25,000. Versant Capital Management Inc lifted its position in Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after buying an additional 184 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Church & Dwight during the 4th quarter worth about $43,000. Golden State Wealth Management LLC bought a new stake in Church & Dwight during the 4th quarter worth about $51,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Church & Dwight by 50.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company's stock valued at $60,000 after acquiring an additional 193 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,570 shares of company stock valued at $7,538,449. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Trading Up 0.5 %

CHD traded up $0.47 during mid-day trading on Friday, hitting $104.24. The stock had a trading volume of 1,524,266 shares, compared to its average volume of 1,505,147. The stock's fifty day simple moving average is $107.28 and its 200-day simple moving average is $106.07. The firm has a market capitalization of $25.65 billion, a price-to-earnings ratio of 43.98, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the prior year, the firm posted $0.65 EPS. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.295 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.13%. Church & Dwight's payout ratio is currently 49.79%.

Analyst Ratings Changes

CHD has been the topic of a number of research reports. Truist Financial upped their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Stifel Nicolaus increased their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their target price on Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Piper Sandler cut their price target on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $111.44.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.