World Investment Advisors LLC Takes Position in Church & Dwight Co., Inc. (NYSE:CHD)

World Investment Advisors LLC purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 557,085 shares of the company's stock, valued at approximately $58,338,000. Church & Dwight makes up about 1.4% of World Investment Advisors LLC's investment portfolio, making the stock its 5th biggest position. World Investment Advisors LLC owned about 0.23% of Church & Dwight as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Amalgamated Bank boosted its stake in shares of Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company's stock valued at $5,242,000 after purchasing an additional 394 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Church & Dwight by 74.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company's stock valued at $7,032,000 after buying an additional 28,986 shares in the last quarter. Hsbc Holdings PLC boosted its position in Church & Dwight by 12.4% in the 2nd quarter. Hsbc Holdings PLC now owns 803,588 shares of the company's stock valued at $83,249,000 after buying an additional 88,580 shares during the period. Citigroup Inc. grew its stake in Church & Dwight by 9.1% in the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company's stock worth $35,368,000 after acquiring an additional 28,129 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Church & Dwight by 55.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 241,801 shares of the company's stock worth $25,070,000 after acquiring an additional 86,318 shares during the period. Institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler started 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. Morgan Stanley cut Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 target price for the company. in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, November 4th. TD Cowen upped their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company increased their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $108.53.

Insiders Place Their Bets

In other news, EVP Rick Spann sold 39,520 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the transaction, the executive vice president now directly owns 4,973 shares of the company's stock, valued at approximately $556,976. This represents a 88.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 45,120 shares of Church & Dwight stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $112.19, for a total value of $5,062,012.80. Following the sale, the executive vice president now directly owns 10,325 shares of the company's stock, valued at $1,158,361.75. This trade represents a 81.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 583,035 shares of company stock valued at $61,221,708. Insiders own 2.00% of the company's stock.

Church & Dwight Stock Down 0.2 %

Shares of Church & Dwight stock traded down $0.25 during trading on Thursday, reaching $105.33. The company's stock had a trading volume of 995,498 shares, compared to its average volume of 1,400,175. The company has a 50-day simple moving average of $105.60 and a two-hundred day simple moving average of $104.42. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $113.50. The company has a market cap of $25.81 billion, a price-to-earnings ratio of 47.58, a P/E/G ratio of 3.91 and a beta of 0.57. 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 issued its quarterly 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.08%. Church & Dwight's payout ratio 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.