Marshall Wace LLP lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 81.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,788 shares of the company's stock after selling 375,603 shares during the period. Marshall Wace LLP's holdings in Church & Dwight were worth $8,773,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in CHD. Vanguard Group Inc. raised its holdings in Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock valued at $3,213,661,000 after buying an additional 193,602 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after acquiring an additional 1,190,154 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Church & Dwight by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after acquiring an additional 148,234 shares in the last quarter. Norges Bank purchased a new stake in Church & Dwight during the 4th quarter worth $318,532,000. Finally, Invesco Ltd. increased its holdings in Church & Dwight by 11.4% in the 4th quarter. Invesco Ltd. now owns 2,921,247 shares of the company's stock valued at $305,884,000 after purchasing an additional 298,848 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.
Church & Dwight Stock Performance
Shares of CHD opened at $103.91 on Wednesday. The stock has a market capitalization of $25.57 billion, a PE ratio of 43.84, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The business's fifty day moving average price is $107.10 and its 200 day moving average price is $106.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46.
Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period last year, the firm posted $0.65 earnings per share. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.
Church & Dwight Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.14%. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight's dividend payout ratio is presently 49.79%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CHD. Wells Fargo & Company upped their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and increased their price objective for the company from $112.00 to $125.00 in a research report on Tuesday, April 15th. UBS Group boosted their target price on shares of Church & Dwight from $109.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Truist Financial raised their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Barclays cut their price objective on shares of Church & Dwight from $97.00 to $94.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $112.59.
Check Out Our Latest Analysis on Church & Dwight
Insider Buying and Selling
In other news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the sale, the executive vice president now owns 6,437 shares of the company's stock, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now directly owns 10,497 shares of the company's stock, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,570 shares of company stock valued at $7,538,449. Insiders own 2.00% of the company's stock.
Church & Dwight Profile
(
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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
Further Reading
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