Church & Dwight Co., Inc. (NYSE:CHD) is Reik & CO. LLC's Largest Position

Reik & CO. LLC decreased its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,292,710 shares of the company's stock after selling 5,672 shares during the period. Church & Dwight makes up 32.2% of Reik & CO. LLC's portfolio, making the stock its largest position. Reik & CO. LLC owned approximately 0.53% of Church & Dwight worth $135,373,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock valued at $134,043,000 after purchasing an additional 1,217,568 shares during the period. Marshall Wace LLP raised its position in shares of Church & Dwight by 4,161.5% in the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company's stock valued at $114,091,000 after purchasing an additional 1,074,588 shares during the period. Capital Research Global Investors acquired a new stake in shares of Church & Dwight during the 1st quarter worth about $69,384,000. Assenagon Asset Management S.A. boosted its holdings in shares of Church & Dwight by 394.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company's stock worth $35,147,000 after buying an additional 267,801 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Church & Dwight by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock worth $351,668,000 after acquiring an additional 175,221 shares during the period. Institutional investors own 86.60% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CHD. Morgan Stanley downgraded Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price target for the company. in a research note on Monday, September 9th. Truist Financial decreased their price target on Church & Dwight from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus reduced their price target on shares of Church & Dwight from $107.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, August 5th. Barclays lowered their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a research report on Tuesday. Finally, Evercore ISI lowered their price target on Church & Dwight from $110.00 to $101.00 and set an "in-line" rating for the company in a report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $108.05.

Insider Transactions at Church & Dwight

In related news, CEO Matthew Farrell sold 300,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,704,740.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Church & Dwight news, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,704,740.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the 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 sale, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 477,413 shares of company stock worth $49,440,249. 2.00% of the stock is owned by company insiders.

Church & Dwight Stock Up 2.8 %

NYSE CHD traded up $2.96 during trading hours on Friday, hitting $106.87. The company's stock had a trading volume of 680,650 shares, compared to its average volume of 1,383,134. The company has a market capitalization of $26.18 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 3.78 and a beta of 0.55. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 52 week low of $88.46 and a 52 week high of $110.31. The company's 50-day simple moving average is $103.01 and its two-hundred day simple moving average is $104.02.

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 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 the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted $0.74 EPS. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. 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 given a dividend of $0.2838 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. Church & Dwight's dividend payout ratio is presently 50.67%.

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.