Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,236,897 shares of the company's stock after purchasing an additional 6,051 shares during the quarter. Hsbc Holdings PLC owned approximately 0.50% of Church & Dwight worth $129,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CHD. Vanguard Group Inc. boosted its holdings in shares of Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock valued at $3,213,661,000 after acquiring an additional 193,602 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the period. Geode Capital Management LLC grew its position in Church & Dwight by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after buying an additional 148,234 shares during the last quarter. Stifel Financial Corp raised its position in Church & Dwight by 0.5% during the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock worth $451,975,000 after buying an additional 20,887 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Church & Dwight during the fourth quarter worth about $318,532,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Stock Down 1.1 %

NYSE CHD traded down $1.11 during mid-day trading on Friday, reaching $99.10. 2,777,225 shares of the company's stock traded hands, compared to its average volume of 1,543,293. The company has a fifty day simple moving average of $106.84 and a 200-day simple moving average of $106.10. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 41.81, a P/E/G ratio of 3.32 and a beta of 0.55. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period last year, the firm earned $0.65 earnings per share. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is 49.79%.

Wall Street Analyst Weigh In

CHD has been the subject of several recent analyst reports. Truist Financial raised their price target on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Barclays reduced their price objective on shares of Church & Dwight from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company upped their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and an average price target of $112.13.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the sale, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,570 shares of company stock valued at $7,538,449. Insiders own 2.00% of the company's stock.

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.