Allstate Corp Makes New Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Allstate Corp acquired a new position 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 acquired 7,409 shares of the company's stock, valued at approximately $776,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in Church & Dwight in the fourth quarter valued at about $639,000. Oddo BHF Asset Management Sas bought a new position in shares of Church & Dwight during the 3rd quarter worth approximately $5,934,000. American Century Companies Inc. boosted its stake in Church & Dwight by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock worth $149,335,000 after acquiring an additional 6,425 shares in the last quarter. Financial Enhancement Group LLC increased its holdings in shares of Church & Dwight by 456.2% during the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock valued at $6,232,000 after acquiring an additional 49,693 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in Church & Dwight by 131.0% during the 4th quarter. Merit Financial Group LLC now owns 5,769 shares of the company's stock valued at $604,000 after purchasing an additional 3,272 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares in the company, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,570 shares of company stock worth $7,538,449. Company insiders own 2.00% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Stifel Nicolaus upped their target price on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Piper Sandler reduced their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, Wells Fargo & Company raised their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $112.13.

Church & Dwight Price Performance

NYSE CHD traded down $1.18 during trading hours on Wednesday, hitting $108.29. 2,056,191 shares of the company's stock traded hands, compared to its average volume of 1,471,143. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The company has a market capitalization of $26.65 billion, a PE ratio of 45.69, a PEG ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The firm's 50-day moving average is $107.81 and its 200-day moving average is $106.05.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting analysts' consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is 49.79%.

Church & Dwight Company 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.