Geode Capital Management LLC Sells 346,988 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Geode Capital Management LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,767,156 shares of the company's stock after selling 346,988 shares during the period. Geode Capital Management LLC owned 2.35% of Church & Dwight worth $601,864,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank increased its stake in Church & Dwight by 0.8% in the third quarter. Amalgamated Bank now owns 50,056 shares of the company's stock valued at $5,242,000 after purchasing an additional 394 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Church & Dwight by 74.6% during the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company's stock worth $7,032,000 after purchasing an additional 28,986 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Church & Dwight by 12.4% in the 2nd quarter. Hsbc Holdings PLC now owns 803,588 shares of the company's stock valued at $83,249,000 after purchasing an additional 88,580 shares during the last quarter. Citigroup Inc. grew its stake in shares of Church & Dwight by 9.1% during the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company's stock valued at $35,368,000 after buying an additional 28,129 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Church & Dwight by 55.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 241,801 shares of the company's stock worth $25,070,000 after buying an additional 86,318 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rick Spann sold 39,520 shares of Church & Dwight stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the completion of the transaction, the executive vice president now directly owns 4,973 shares in the company, valued at approximately $556,976. This trade represents a 88.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 583,035 shares of company stock valued at $61,221,708 over the last quarter. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Piper Sandler assumed coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 price objective on the stock. TD Cowen raised their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $108.53.

Church & Dwight Stock Up 0.2 %

NYSE CHD traded up $0.20 during trading hours on Friday, reaching $105.61. 926,796 shares of the company traded hands, compared to its average volume of 1,398,216. The company has a 50 day moving average of $105.68 and a two-hundred day moving average of $104.42. The stock has a market capitalization of $25.87 billion, a PE ratio of 47.23, a PEG ratio of 3.86 and a beta of 0.57. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50. 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 (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned $0.74 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight's dividend payout ratio (DPR) is 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.