Allstate Corp Buys Shares of 7,409 Church & Dwight Co., Inc. (NYSE:CHD)

Allstate Corp acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,409 shares of the company's stock, valued at approximately $776,000.

Other hedge funds have also recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in shares of Church & Dwight during the fourth quarter worth $25,000. Versant Capital Management Inc grew its stake 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 purchasing an additional 184 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Church & Dwight during the 4th quarter worth about $39,000. Bank of Jackson Hole Trust acquired a new stake in Church & Dwight in the 4th quarter valued at about $43,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Church & Dwight in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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 note on Monday, February 3rd. Barclays increased their price objective on shares of Church & Dwight from $93.00 to $97.00 and gave the company an "underweight" rating in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Wells Fargo & Company increased their target price on Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their price target on Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $112.13.

Insider Activity at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred 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 sale, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,570 shares of company stock worth $7,538,449 in the last three months. Insiders own 2.00% of the company's stock.

Church & Dwight Stock Performance

Shares of CHD stock traded down $4.78 during trading hours on Friday, hitting $105.98. The stock had a trading volume of 3,154,322 shares, compared to its average volume of 1,482,709. The stock's 50 day moving average is $107.89 and its 200 day moving average is $106.10. The firm has a market capitalization of $26.08 billion, a PE ratio of 44.72, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month 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 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 prior year, the company posted $0.65 EPS. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.11%. Church & Dwight's dividend payout ratio (DPR) is currently 49.79%.

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.