Y Intercept Hong Kong Ltd Makes New Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Y Intercept Hong Kong Ltd bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,053 shares of the company's stock, valued at approximately $634,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHD. Empowered Funds LLC lifted its position in Church & Dwight by 2.8% during the third quarter. Empowered Funds LLC now owns 3,651 shares of the company's stock worth $382,000 after acquiring an additional 99 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Church & Dwight by 0.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company's stock worth $3,358,000 after purchasing an additional 104 shares during the last quarter. HCR Wealth Advisors boosted its stake in Church & Dwight by 0.9% in the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company's stock valued at $1,231,000 after purchasing an additional 106 shares during the period. Kingsview Wealth Management LLC grew its holdings in Church & Dwight by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company's stock valued at $353,000 after buying an additional 107 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in Church & Dwight by 0.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company's stock worth $1,270,000 after buying an additional 110 shares during the period. Institutional investors own 86.60% of the company's stock.

Insider Buying and Selling

In other news, EVP Michael Read bought 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now directly owns 2,505 shares of the company's stock, valued at approximately $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares in the company, valued at $3,448,575. This trade represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

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Church & Dwight Price Performance

NYSE CHD traded down $0.16 during trading on Tuesday, hitting $111.91. 861,545 shares of the company's stock were exchanged, compared to its average volume of 1,586,632. The company has a market cap of $27.53 billion, a PE ratio of 47.19, a P/E/G ratio of 3.32 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $114.60. The stock's 50 day moving average price is $105.84 and its two-hundred day moving average price is $105.12.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting 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 prior year, the business posted $0.65 earnings per share. Research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 1.05%. The ex-dividend date was Friday, February 14th. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is 49.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CHD shares. Wells Fargo & Company boosted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. TD Cowen boosted their price objective 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. Stifel Nicolaus raised their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Barclays increased their price target on Church & Dwight from $90.00 to $93.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $111.56.

About Church & Dwight

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.