Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,666,177 shares of the company's stock after selling 1,350,168 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.72% of Church & Dwight worth $698,015,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. YANKCOM Partnership acquired a new position in Church & Dwight during the fourth quarter worth about $25,000. Versant Capital Management Inc boosted its holdings in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after purchasing an additional 184 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $43,000. Golden State Wealth Management LLC purchased a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $51,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Church & Dwight by 50.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company's stock valued at $60,000 after purchasing an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHD. Piper Sandler cut their target price 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Wells Fargo & Company increased their price target on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. Finally, Truist Financial increased their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $112.13.

Insider Activity

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,570 shares of company stock worth $7,538,449. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Down 3.4 %

Shares of NYSE CHD traded down $3.60 during midday trading on Monday, hitting $102.49. The company's stock had a trading volume of 1,236,514 shares, compared to its average volume of 1,481,931. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The firm has a market capitalization of $25.22 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The business's fifty day simple moving average is $107.89 and its two-hundred day simple moving average is $106.13. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio (DPR) is currently 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.