Wellington Management Group LLP Has $18.43 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Wellington Management Group LLP reduced its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 87.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,966 shares of the company's stock after selling 1,207,725 shares during the quarter. Wellington Management Group LLP owned approximately 0.07% of Church & Dwight worth $18,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wahed Invest LLC grew its position in Church & Dwight by 10.8% in the third quarter. Wahed Invest LLC now owns 5,923 shares of the company's stock valued at $620,000 after purchasing an additional 578 shares in the last quarter. State Street Corp grew its holdings in shares of Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company's stock valued at $1,373,542,000 after acquiring an additional 969,006 shares in the last quarter. Stifel Financial Corp increased its position in shares of Church & Dwight by 0.5% in the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company's stock valued at $449,830,000 after acquiring an additional 21,607 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Church & Dwight by 25.3% during the third quarter. Quantinno Capital Management LP now owns 32,222 shares of the company's stock worth $3,374,000 after acquiring an additional 6,509 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in Church & Dwight by 1.1% during the third quarter. Royal London Asset Management Ltd. now owns 445,711 shares of the company's stock valued at $46,675,000 after purchasing an additional 4,642 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHD shares. Barclays lowered their price target on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley lowered shares of Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price target on the stock. in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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 target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Piper Sandler started coverage on Church & Dwight in a report on Tuesday, September 24th. They set an "overweight" rating and a $120.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $109.56.

Church & Dwight Stock Performance

Shares of CHD traded up $0.23 during mid-day trading on Friday, hitting $105.64. 926,996 shares of the company's stock were exchanged, compared to its average volume of 1,481,044. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 47.37, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57. The stock's 50-day simple moving average is $105.77 and its 200-day simple moving average is $104.42. Church & Dwight Co., Inc. has a 52 week low of $90.26 and a 52 week high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating 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 analysts' expectations of $1.50 billion. During the same period in the previous year, the firm earned $0.74 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.2838 per share. 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 dividend payout ratio (DPR) is currently 50.67%.

Insider Buying and Selling

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the sale, the chief accounting officer now owns 400 shares of the company's stock, valued at approximately $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the transaction, the director now owns 7,129 shares of the company's stock, valued at $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 583,035 shares of company stock worth $61,221,708 in the last ninety days. 2.00% of the stock is owned by insiders.

Church & Dwight Company 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.