Mizuho Securities USA LLC Acquires 7,345 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Mizuho Securities USA LLC grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 46.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,220 shares of the company's stock after acquiring an additional 7,345 shares during the period. Mizuho Securities USA LLC's holdings in Church & Dwight were worth $2,431,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CHD. YANKCOM Partnership acquired a new position in Church & Dwight in the 4th quarter worth $25,000. Versant Capital Management Inc boosted its stake in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after acquiring an additional 184 shares during the period. Strategic Financial Concepts LLC bought a new stake in Church & Dwight in the fourth quarter valued at $39,000. Bank of Jackson Hole Trust acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $43,000. Finally, Golden State Wealth Management LLC acquired a new position in Church & Dwight during the 4th quarter worth $51,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHD. JPMorgan Chase & Co. reduced their price objective on shares of Church & Dwight from $107.00 to $106.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Stifel Nicolaus lifted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Barclays increased their price objective on Church & Dwight from $93.00 to $97.00 and gave the stock an "underweight" rating in a report on Thursday. Truist Financial upped their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Piper Sandler decreased their price target on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Church & Dwight presently has an average rating of "Hold" and an average target price of $111.81.

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Church & Dwight Price Performance

Shares of CHD traded up $0.75 during trading hours on Friday, hitting $109.14. The stock had a trading volume of 1,138,352 shares, compared to its average volume of 1,462,618. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 46.05, a P/E/G ratio of 3.32 and a beta of 0.57. The company's fifty day moving average is $107.60 and its two-hundred day moving average is $105.91. 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 52 week low of $96.35 and a 52 week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts' consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the firm posted $0.65 EPS. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is 49.79%.

Insider Buying and Selling

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock valued at $7,538,449 over the last ninety days. Insiders own 2.00% of the company's stock.

Church & Dwight Profile

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.