Boussard & Gavaudan Investment Management LLP Takes $999,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Boussard & Gavaudan Investment Management LLP acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 9,550 shares of the company's stock, valued at approximately $999,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in shares of Church & Dwight during the 4th quarter valued at $25,000. Versant Capital Management Inc increased its position in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after buying an additional 184 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight in the fourth quarter worth about $39,000. Bank of Jackson Hole Trust bought a new position in shares of Church & Dwight in the fourth quarter valued at approximately $43,000. Finally, Golden State Wealth Management LLC purchased a new position in Church & Dwight during the fourth quarter valued at approximately $51,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Up 0.8 %

Shares of CHD traded up $0.88 on Monday, hitting $109.99. 1,662,801 shares of the stock traded hands, compared to its average volume of 1,464,760. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $116.46. The business has a 50 day simple moving average of $107.65 and a 200 day simple moving average of $105.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company has a market capitalization of $27.07 billion, a PE ratio of 46.29, a P/E/G ratio of 3.32 and a beta of 0.57.

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Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 previous year, the firm posted $0.65 EPS. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.295 per share. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, February 14th. Church & Dwight's dividend payout ratio is currently 49.79%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHD. Royal Bank of Canada reissued a "sector perform" rating and issued a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Piper Sandler dropped their price objective on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Barclays upped their target price on Church & Dwight from $93.00 to $97.00 and gave the stock an "underweight" rating in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Finally, Stifel Nicolaus upped their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research report on Monday, February 3rd. Two research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $111.81.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was 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 directly owns 6,437 shares in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company's 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 sale, the executive vice president now directly owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock worth $7,538,449 over the last 90 days. 2.00% of the stock is owned by insiders.

About Church & Dwight

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.