Boothbay Fund Management LLC Purchases Shares of 2,977 Church & Dwight Co., Inc. (NYSE:CHD)

Boothbay Fund Management LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,977 shares of the company's stock, valued at approximately $312,000.

A number of other hedge funds have also recently modified their holdings of CHD. Board of the Pension Protection Fund purchased a new stake in Church & Dwight in the 4th quarter worth approximately $639,000. American Century Companies Inc. boosted its position in shares of Church & Dwight by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock valued at $149,335,000 after purchasing an additional 6,425 shares in the last quarter. Financial Enhancement Group LLC grew its stake in Church & Dwight by 456.2% in the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock worth $6,232,000 after purchasing an additional 49,693 shares during the period. JPMorgan Chase & Co. lifted its position in Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after buying an additional 1,190,154 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in shares of Church & Dwight by 131.0% during the 4th quarter. Merit Financial Group LLC now owns 5,769 shares of the company's stock valued at $604,000 after buying an additional 3,272 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Performance

Church & Dwight stock traded down $0.65 during midday trading on Tuesday, reaching $92.14. 2,060,442 shares of the company traded hands, compared to its average volume of 1,580,035. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight Co., Inc. has a 12 month low of $90.23 and a 12 month high of $116.46. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The business has a 50 day moving average of $105.54 and a two-hundred day moving average of $105.85.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The company'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, research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.295 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.28%. Church & Dwight's dividend payout ratio is currently 49.79%.

Wall Street Analysts Forecast Growth

CHD has been the topic of several research reports. UBS Group dropped their price objective on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating on the stock in a research note on Friday. Truist Financial upped their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating in a research report on Tuesday. Morgan Stanley dropped their target price on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Barclays reduced their price target on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $109.13.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares of the company's stock, valued at approximately $707,941.26. The trade was a 63.21 % 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, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock worth $7,538,449 in the last quarter. Company insiders own 2.00% of the company's stock.

Church & Dwight Company 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.