JPMorgan Chase & Co. Trims Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

JPMorgan Chase & Co. decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,145,892 shares of the company's stock after selling 1,075,932 shares during the period. JPMorgan Chase & Co. owned approximately 2.51% of Church & Dwight worth $643,598,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Millennium Management LLC grew its holdings 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 valued at $134,043,000 after purchasing an additional 1,217,568 shares during the last quarter. Marshall Wace LLP increased its holdings in Church & Dwight by 4,161.5% in the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company's stock worth $114,091,000 after purchasing an additional 1,074,588 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Church & Dwight during the third quarter valued at about $104,795,000. State Street Corp increased its stake in shares of Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company's stock valued at $1,373,542,000 after buying an additional 969,006 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in Church & Dwight during the 3rd quarter worth approximately $58,338,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Down 0.7 %

Shares of Church & Dwight stock traded down $0.80 on Friday, hitting $105.94. The company had a trading volume of 762,488 shares, compared to its average volume of 1,400,354. Church & Dwight Co., Inc. has a 1 year low of $92.80 and a 1 year high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The stock has a 50 day moving average of $106.52 and a 200-day moving average of $104.36. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of 47.51, a P/E/G ratio of 3.86 and a beta of 0.57.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $0.74 earnings per share. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders 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 dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight's dividend payout ratio is currently 50.67%.

Insider Buying and Selling at Church & Dwight

In related 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 value of $17,084,743.69. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. This trade represents a 59.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the company's 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 completion of the transaction, the chief accounting officer now owns 400 shares in the company, valued at $44,976. This represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 593,035 shares of company stock valued at $62,282,808. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHD shares. Wells Fargo & Company raised their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Barclays cut their target price on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Morgan Stanley lowered Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price objective on the stock. in a research note on Monday, September 9th. Finally, Piper Sandler began coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an "overweight" rating and a $120.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $109.56.

Church & Dwight Company 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.