Church & Dwight Co., Inc. (NYSE:CHD) Stake Lowered by Capital Research Global Investors

Capital Research Global Investors decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 49.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 660,000 shares of the company's stock after selling 649,509 shares during the period. Capital Research Global Investors owned 0.27% of Church & Dwight worth $69,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHD. Barclays PLC raised its stake in Church & Dwight by 63.9% during the third quarter. Barclays PLC now owns 1,106,131 shares of the company's stock worth $115,832,000 after purchasing an additional 431,257 shares during the period. World Investment Advisors LLC purchased a new position in Church & Dwight during the third quarter worth approximately $58,338,000. Wilmington Savings Fund Society FSB raised its stake in Church & Dwight by 25.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 76,404 shares of the company's stock worth $8,001,000 after purchasing an additional 15,598 shares during the period. Tidal Investments LLC raised its stake in Church & Dwight by 5.2% during the third quarter. Tidal Investments LLC now owns 18,000 shares of the company's stock worth $1,885,000 after purchasing an additional 896 shares during the period. Finally, Synovus Financial Corp raised its stake in Church & Dwight by 6.7% during the third quarter. Synovus Financial Corp now owns 19,556 shares of the company's stock worth $2,048,000 after purchasing an additional 1,221 shares during the period. Hedge funds and other institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHD. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Piper Sandler dropped their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, UBS Group increased their price objective on shares of Church & Dwight from $109.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Church & Dwight has a consensus rating of "Hold" and a consensus target price of $112.13.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were 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 owns 10,497 shares in the company, valued at $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 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Stock Down 1.1 %

CHD traded down $1.11 during trading hours on Friday, reaching $99.10. 2,777,225 shares of the stock traded hands, compared to its average volume of 1,545,326. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 41.81, a PEG ratio of 3.32 and a beta of 0.55. 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 fifty-two week low of $96.35 and a fifty-two week high of $116.46. The firm's fifty day simple moving average is $106.84 and its two-hundred day simple moving average is $106.18.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting 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 quarter in the previous year, the business earned $0.65 EPS. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.19%. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is presently 49.79%.

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.