146,100 Shares in Church & Dwight Co., Inc. (NYSE:CHD) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 146,100 shares of the company's stock, valued at approximately $15,298,000. Balyasny Asset Management L.P. owned about 0.06% of Church & Dwight as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Church & Dwight by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock valued at $3,213,661,000 after purchasing an additional 193,602 shares during the period. JPMorgan Chase & Co. increased its position in Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the period. Geode Capital Management LLC increased its position in Church & Dwight by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after purchasing an additional 148,234 shares during the period. Stifel Financial Corp increased its position in Church & Dwight by 0.5% during the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock valued at $451,975,000 after purchasing an additional 20,887 shares during the period. Finally, Norges Bank purchased a new position in Church & Dwight during the 4th quarter valued at $318,532,000. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Evercore ISI reduced their target price on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Oppenheimer reduced their target price on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Truist Financial upped their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Finally, Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $109.13.

Church & Dwight Trading Up 4.0%

Shares of NYSE:CHD traded up $3.63 during midday trading on Monday, reaching $95.20. 3,965,049 shares of the company's stock were exchanged, compared to its average volume of 1,607,006. The firm's 50 day simple moving average is $104.03 and its two-hundred day simple moving average is $105.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The stock has a market cap of $23.45 billion, a price-to-earnings ratio of 40.17, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $90.88 and a fifty-two week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. Church & Dwight's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight's payout ratio is currently 50.64%.

Insider Activity

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This trade represents a 63.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,230 shares of company stock valued at $8,903,734. Company insiders own 2.00% of the company's stock.

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