Centiva Capital LP Acquires Shares of 5,177 Church & Dwight Co., Inc. (NYSE:CHD)

Centiva Capital LP acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,177 shares of the company's stock, valued at approximately $542,000.

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

Church & Dwight Stock Down 0.7%

NYSE CHD traded down $0.67 during trading on Wednesday, reaching $93.43. 2,539,115 shares of the company's stock traded hands, compared to its average volume of 1,621,732. The company's 50 day simple moving average is $103.38 and its two-hundred day simple moving average is $105.42. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46. The firm has a market cap of $23.01 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth 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 (NYSE:CHD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. The business had revenue of $1.47 billion for 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%. The business's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a $0.295 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.26%. Church & Dwight's payout ratio is 50.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CHD shares. Barclays cut their price objective on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and increased their target price for the company from $112.00 to $125.00 in a research report on Tuesday, April 15th. Stifel Nicolaus upped their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Piper Sandler reduced their target price on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, UBS Group reduced their price objective on Church & Dwight from $110.00 to $102.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $109.13.

Insider Buying and Selling

In other news, EVP Michael Read bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the purchase, the executive vice president now directly owns 5,505 shares in the company, valued at approximately $506,845.35. This trade represents a 119.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard A. Dierker acquired 7,950 shares of Church & Dwight stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $94.66 per share, with a total value of $752,547.00. Following the completion of the transaction, the chief executive officer now directly owns 16,358 shares of the company's stock, valued at $1,548,448.28. This trade represents a 94.55% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 80,230 shares of company stock worth $8,903,734 in the last ninety days. 2.00% of the stock is owned by insiders.

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.