Victory Capital Management Inc. Sells 3,270 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Victory Capital Management Inc. lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157,724 shares of the company's stock after selling 3,270 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Church & Dwight worth $16,515,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in Church & Dwight during the 4th quarter valued at $639,000. Oddo BHF Asset Management Sas bought a new stake in shares of Church & Dwight in the 3rd quarter worth about $5,934,000. Citigroup Inc. raised its stake in shares of Church & Dwight by 9.1% in the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company's stock valued at $35,368,000 after purchasing an additional 28,129 shares in the last quarter. Financial Enhancement Group LLC lifted its position in shares of Church & Dwight by 456.2% during the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock worth $6,232,000 after purchasing an additional 49,693 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in Church & Dwight by 131.0% in the fourth quarter. Merit Financial Group LLC now owns 5,769 shares of the company's stock worth $604,000 after purchasing an additional 3,272 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CHD shares. Barclays upped their price target on Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th. Truist Financial lifted their price target on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Stifel Nicolaus raised 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. Piper Sandler reduced their price target on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $105.00 price objective on shares of Church & Dwight in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and an average target price of $111.56.

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Church & Dwight Stock Performance

Shares of CHD traded up $0.48 during mid-day trading on Thursday, reaching $109.51. The company's stock had a trading volume of 2,196,851 shares, compared to its average volume of 1,631,140. The business has a 50-day simple moving average of $106.64 and a two-hundred day simple moving average of $105.57. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a market cap of $26.94 billion, a P/E ratio of 46.21, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting 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 in the previous year, the business earned $0.65 EPS. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is currently 49.79%.

Insider Activity

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost 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 represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 75,570 shares of company stock worth $8,599,549. Insiders own 1.40% of the company's stock.

Church & Dwight Company 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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.