Verition Fund Management LLC Has $10.17 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Verition Fund Management LLC boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1,262.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,082 shares of the company's stock after acquiring an additional 89,956 shares during the period. Verition Fund Management LLC's holdings in Church & Dwight were worth $10,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHD. Massachusetts Financial Services Co. MA raised its stake in Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock valued at $839,472,000 after purchasing an additional 429,863 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock worth $351,668,000 after purchasing an additional 175,221 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Church & Dwight by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company's stock valued at $146,556,000 after buying an additional 16,257 shares during the period. Millennium Management LLC lifted its stake in shares of Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock valued at $134,043,000 after buying an additional 1,217,568 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Church & Dwight by 15.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company's stock valued at $121,191,000 after buying an additional 159,233 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Price Performance

NYSE:CHD traded down $0.23 during mid-day trading on Friday, reaching $110.13. 965,206 shares of the company were exchanged, compared to its average volume of 1,696,588. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50. The stock has a market cap of $26.98 billion, a PE ratio of 49.39, a PEG ratio of 4.03 and a beta of 0.55. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $104.87 and a 200 day moving average of $104.31.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $0.74 earnings per share. Church & Dwight's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight's dividend payout ratio (DPR) is presently 50.67%.

Analysts Set New Price Targets

CHD has been the topic of several recent research reports. Piper Sandler initiated coverage on Church & Dwight in a report on Tuesday, September 24th. They set an "overweight" rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a research note on Monday, November 4th. Barclays reduced their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company lifted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Finally, TD Cowen raised their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and an average price target of $108.53.

Insider Activity at Church & Dwight

In other news, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares of the company's stock, valued at $44,976. This represents a 95.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the transaction, the director now owns 7,129 shares in the company, valued at approximately $740,275.36. This trade represents a 61.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 543,513 shares of company stock worth $56,795,253 over the last 90 days. Insiders own 2.00% of the company's stock.

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.