M&T Bank Corp Has $13.54 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

M&T Bank Corp reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,312 shares of the company's stock after selling 8,286 shares during the quarter. M&T Bank Corp owned about 0.05% of Church & Dwight worth $13,542,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its holdings in shares of Church & Dwight by 8.6% in the 3rd quarter. Toronto Dominion Bank now owns 131,315 shares of the company's stock worth $13,751,000 after acquiring an additional 10,376 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Church & Dwight by 4.1% in the third quarter. Coldstream Capital Management Inc. now owns 6,233 shares of the company's stock valued at $654,000 after acquiring an additional 248 shares in the last quarter. Barclays PLC increased its stake in shares of Church & Dwight by 63.9% during the third quarter. Barclays PLC now owns 1,106,131 shares of the company's stock valued at $115,832,000 after acquiring an additional 431,257 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Church & Dwight by 8.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 443,988 shares of the company's stock worth $46,494,000 after purchasing an additional 35,635 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in Church & Dwight by 2.0% in the third quarter. MML Investors Services LLC now owns 15,630 shares of the company's stock worth $1,637,000 after purchasing an additional 309 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHD. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, November 4th. TD Cowen upped 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. Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Piper Sandler initiated coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 target price for the company. Finally, Barclays reduced their price objective on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $109.56.

Insider Buying and Selling

In related news, EVP Maynadier Patrick D. De sold 45,120 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the transaction, the executive vice president now owns 10,325 shares of the company's stock, valued at approximately $1,158,361.75. The trade was a 81.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael Read acquired 1,100 shares of Church & Dwight stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 593,035 shares of company stock valued at $62,282,808. Insiders own 2.00% of the company's stock.

Church & Dwight Stock Up 0.2 %

Shares of NYSE:CHD traded up $0.25 on Friday, reaching $106.10. The company had a trading volume of 3,413,335 shares, compared to its average volume of 1,412,470. The stock has a market capitalization of $25.99 billion, a P/E ratio of 47.58, a P/E/G ratio of 3.86 and a beta of 0.57. The stock has a 50-day moving average price of $106.33 and a 200 day moving average price of $104.41. Church & Dwight Co., Inc. has a twelve month low of $90.69 and a twelve month high of $113.50. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its 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. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $0.74 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. Church & Dwight's payout ratio is presently 50.67%.

About Church & Dwight

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.