Mountain Pacific Investment Advisers LLC decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 309,391 shares of the company's stock after selling 2,766 shares during the quarter. Church & Dwight makes up approximately 2.3% of Mountain Pacific Investment Advisers LLC's portfolio, making the stock its 16th biggest position. Mountain Pacific Investment Advisers LLC owned approximately 0.13% of Church & Dwight worth $32,396,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in CHD. Capital Performance Advisors LLP purchased a new position in Church & Dwight during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight in the third quarter valued at approximately $28,000. Versant Capital Management Inc grew its position in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after acquiring an additional 184 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight in the 2nd quarter valued at $33,000. Finally, Kimelman & Baird LLC purchased a new stake in Church & Dwight in the 2nd quarter valued at $46,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CHD has been the subject of a number of research reports. Piper Sandler upped their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the company an "overweight" rating in a report on Monday, January 6th. TD Cowen lifted their target price on Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Stifel Nicolaus cut their price target on Church & Dwight from $105.00 to $103.00 and set a "hold" rating for the company in a research note on Friday. 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 report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an "underweight" rating in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and a consensus price target of $110.61.
Check Out Our Latest Stock Analysis on Church & Dwight
Church & Dwight Price Performance
CHD traded up $0.19 during midday trading on Tuesday, reaching $106.66. 1,229,909 shares of the company's stock were exchanged, compared to its average volume of 1,580,915. Church & Dwight Co., Inc. has a 1-year low of $96.09 and a 1-year high of $113.50. The stock has a market capitalization of $26.13 billion, a PE ratio of 47.83, a P/E/G ratio of 3.28 and a beta of 0.58. 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 business's 50-day moving average price is $106.84 and its 200 day moving average price is $104.04.
Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 return on equity of 19.90% and a net margin of 9.08%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, November 15th. Church & Dwight's dividend payout ratio is presently 50.67%.
Insider Activity at Church & Dwight
In related news, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares of the company's stock, valued at $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 593,035 shares of company stock valued at $62,282,808. 1.40% of the stock is owned by insiders.
Church & Dwight Company Profile
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Free Report)
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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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