FMR LLC lowered its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 839,962 shares of the company's stock after selling 14,016 shares during the period. FMR LLC owned about 0.34% of Church & Dwight worth $87,961,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CHD. Massachusetts Financial Services Co. MA raised its position in shares of Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock worth $839,472,000 after purchasing an additional 429,863 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock worth $351,668,000 after purchasing an additional 175,221 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Church & Dwight by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company's stock worth $146,556,000 after purchasing an additional 16,257 shares during the last quarter. Millennium Management LLC raised its position in shares of Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock worth $134,043,000 after purchasing an additional 1,217,568 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Church & Dwight by 15.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company's stock worth $121,191,000 after purchasing an additional 159,233 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.
Insiders Place Their Bets
In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at $1,158,361.75. This represents a 81.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the sale, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 583,033 shares of company stock worth $61,221,493 in the last 90 days. Company insiders own 2.00% of the company's stock.
Church & Dwight Stock Performance
Shares of NYSE:CHD traded down $2.00 during trading on Friday, reaching $107.16. The stock had a trading volume of 1,818,915 shares, compared to its average volume of 1,401,509. Church & Dwight Co., Inc. has a 52 week low of $90.26 and a 52 week high of $113.50. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of 48.05, a P/E/G ratio of 4.02 and a beta of 0.57. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $105.42 and a two-hundred day simple moving average of $104.44.
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 company had revenue of $1.51 billion for 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 firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.
Church & Dwight Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.2838 dividend. 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 (DPR) is presently 50.67%.
Wall Street Analysts Forecast Growth
CHD has been the subject of several research analyst reports. Barclays reduced their price target 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, November 5th. JPMorgan Chase & Co. upped their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a research report on Monday, November 4th. Piper Sandler began coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They set an "overweight" rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, TD Cowen lifted their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight has an average rating of "Hold" and a consensus target price of $108.53.
Check Out Our Latest Stock Report on CHD
About Church & Dwight
(
Free Report)
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.
Further Reading
Before you consider Church & Dwight, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Church & Dwight wasn't on the list.
While Church & Dwight currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
