Citigroup Inc. Buys 28,129 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Citigroup Inc. boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,738 shares of the company's stock after purchasing an additional 28,129 shares during the quarter. Citigroup Inc. owned approximately 0.14% of Church & Dwight worth $35,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CHD. Amalgamated Bank boosted its holdings in Church & Dwight by 0.8% in the third quarter. Amalgamated Bank now owns 50,056 shares of the company's stock valued at $5,242,000 after acquiring an additional 394 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Church & Dwight by 74.6% during the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company's stock valued at $7,032,000 after buying an additional 28,986 shares in the last quarter. Tidal Investments LLC grew its stake in Church & Dwight by 160.1% during the first quarter. Tidal Investments LLC now owns 23,530 shares of the company's stock worth $2,454,000 after buying an additional 14,483 shares during the period. Addenda Capital Inc. increased its position in shares of Church & Dwight by 12.7% in the second quarter. Addenda Capital Inc. now owns 56,723 shares of the company's stock worth $5,881,000 after acquiring an additional 6,389 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Church & Dwight by 12.4% during the 2nd quarter. Hsbc Holdings PLC now owns 803,588 shares of the company's stock valued at $83,249,000 after acquiring an additional 88,580 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Bradley C. Irwin sold 13,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the completion of the transaction, the director now directly owns 37,169 shares of the company's stock, valued at approximately $3,993,437.36. This represents a 26.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares of the company's stock, valued at approximately $1,158,361.75. This represents a 81.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 535,733 shares of company stock valued at $55,920,470. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Stifel Nicolaus cut their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on Church & Dwight from $98.00 to $99.00 and gave the company an "underweight" rating in a research note on Monday, November 4th. Piper Sandler assumed coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $108.53.

Church & Dwight Trading Down 1.3 %

Shares of Church & Dwight stock traded down $1.45 during trading on Monday, hitting $110.45. 2,535,643 shares of the company were exchanged, compared to its average volume of 1,401,914. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The firm has a market capitalization of $27.06 billion, a P/E ratio of 49.86, a price-to-earnings-growth ratio of 4.09 and a beta of 0.55. The firm's fifty day moving average price is $104.17 and its 200 day moving average price is $104.20. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. As a group, sell-side 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 will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.2838 per share. The ex-dividend date is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. Church & Dwight's payout ratio is 50.67%.

Church & Dwight Company 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.