Capital Research Global Investors Lowers Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Capital Research Global Investors reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 660,000 shares of the company's stock after selling 649,509 shares during the quarter. Capital Research Global Investors owned about 0.27% of Church & Dwight worth $69,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Church & Dwight by 63.9% during the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company's stock valued at $115,832,000 after purchasing an additional 431,257 shares during the period. World Investment Advisors LLC bought a new position in Church & Dwight in the 3rd quarter worth $58,338,000. Wilmington Savings Fund Society FSB grew its position in shares of Church & Dwight by 25.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 76,404 shares of the company's stock worth $8,001,000 after purchasing an additional 15,598 shares in the last quarter. Tidal Investments LLC raised its position in shares of Church & Dwight by 5.2% during the third quarter. Tidal Investments LLC now owns 18,000 shares of the company's stock valued at $1,885,000 after buying an additional 896 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in Church & Dwight by 6.7% in the 3rd quarter. Synovus Financial Corp now owns 19,556 shares of the company's stock valued at $2,048,000 after acquiring an additional 1,221 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHD shares. JPMorgan Chase & Co. decreased their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. UBS Group raised their target price on shares of Church & Dwight from $109.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Royal Bank of Canada reiterated a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Piper Sandler decreased 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. Finally, Truist Financial lifted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $112.13.

Insider Activity at Church & Dwight

In other 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 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 SEC, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight 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 sale, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,570 shares of company stock worth $7,538,449. Company insiders own 2.00% of the company's stock.

Church & Dwight Trading Down 1.1 %

Church & Dwight stock traded down $1.11 during trading on Friday, hitting $99.10. The company had a trading volume of 2,777,225 shares, compared to its average volume of 1,540,724. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company's 50 day simple moving average is $106.94 and its 200-day simple moving average is $106.11. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 41.81, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55.

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

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 a positive change from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a yield of 1.19%. Church & Dwight's dividend payout ratio is 49.79%.

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.