M&T Bank Corp Cuts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

M&T Bank Corp lowered its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 129,312 shares of the company's stock after selling 8,286 shares during the quarter. M&T Bank Corp owned about 0.05% of Church & Dwight worth $13,542,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Church & Dwight during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in Church & Dwight during the 3rd quarter valued at about $28,000. Rothschild Investment LLC purchased a new position in Church & Dwight during the 2nd quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Church & Dwight during the 2nd quarter valued at about $33,000. Finally, Strategic Financial Concepts LLC purchased a new position in Church & Dwight during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on CHD. Wells Fargo & Company lifted their target price on Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Barclays cut their price objective on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a report on Tuesday, November 5th. Morgan Stanley lowered Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price objective for the company. in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, TD Cowen boosted their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $108.53.

Insider Activity at Church & Dwight

In related news, EVP Rick Spann sold 39,520 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the sale, the executive vice president now directly owns 4,973 shares of the company's stock, valued at $556,976. This represents a 88.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Farrell sold 165,823 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 583,035 shares of company stock worth $61,221,708 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Trading Down 1.4 %

CHD stock traded down $1.54 during midday trading on Wednesday, hitting $105.52. The company had a trading volume of 1,211,329 shares, compared to its average volume of 1,401,869. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 52 week low of $90.26 and a 52 week high of $113.50. The stock's 50 day moving average price is $105.55 and its 200 day moving average price is $104.41. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 3.92 and a beta of 0.57.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.08%. Church & Dwight's dividend payout ratio is presently 50.67%.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.