Victory Capital Management Inc. Has $16.86 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Victory Capital Management Inc. cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,994 shares of the company's stock after selling 7,275 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Church & Dwight worth $16,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Capital International Investors raised its holdings in shares of Church & Dwight by 1.0% in the 1st quarter. Capital International Investors now owns 9,097,575 shares of the company's stock worth $948,968,000 after purchasing an additional 92,862 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Church & Dwight by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company's stock worth $786,566,000 after purchasing an additional 153,127 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock worth $351,668,000 after purchasing an additional 175,221 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock valued at $134,043,000 after acquiring an additional 1,217,568 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Church & Dwight by 15.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company's stock valued at $121,191,000 after acquiring an additional 159,233 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler assumed coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 price target for the company. TD Cowen upped their price objective on Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a report on Monday, November 4th. Morgan Stanley lowered Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 target price on the stock. in a research report on Monday, September 9th. Truist Financial cut their target price on Church & Dwight from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.53.

Insider Activity at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction on Monday, November 4th. The shares were 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bradley C. Irwin sold 13,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the completion of the sale, the director now owns 37,169 shares in the company, valued at approximately $3,993,437.36. This trade represents a 26.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 490,613 shares of company stock worth $50,858,457 over the last ninety days. Company insiders own 1.40% of the company's stock.

Church & Dwight Stock Performance

NYSE:CHD traded up $0.37 during mid-day trading on Wednesday, hitting $111.29. 2,195,157 shares of the company's stock traded hands, compared to its average volume of 1,393,692. The firm has a 50 day moving average of $103.67 and a two-hundred day moving average of $104.08. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $111.75. The firm has a market capitalization of $27.27 billion, a price-to-earnings ratio of 49.74, a price-to-earnings-growth ratio of 4.03 and a beta of 0.55. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.2838 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.02%. Church & Dwight's dividend payout ratio (DPR) is 50.67%.

Church & Dwight 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.