Hsbc Holdings PLC Acquires 6,051 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Hsbc Holdings PLC increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,236,897 shares of the company's stock after buying an additional 6,051 shares during the period. Hsbc Holdings PLC owned about 0.50% of Church & Dwight worth $129,506,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CHD. Board of the Pension Protection Fund purchased a new position in Church & Dwight in the fourth quarter valued at $639,000. Oddo BHF Asset Management Sas acquired a new position in Church & Dwight in the third quarter valued at approximately $5,934,000. American Century Companies Inc. raised its holdings in Church & Dwight by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock worth $149,335,000 after purchasing an additional 6,425 shares in the last quarter. Financial Enhancement Group LLC lifted its position in shares of Church & Dwight by 456.2% during the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock worth $6,232,000 after buying an additional 49,693 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after acquiring an additional 1,190,154 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insider Activity

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were 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 approximately $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. Insiders sold 65,570 shares of company stock worth $7,538,449 over the last quarter. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Stock Performance

NYSE:CHD traded down $0.27 during mid-day trading on Monday, hitting $99.04. The stock had a trading volume of 565,645 shares, compared to its average volume of 1,541,545. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $106.84 and a 200-day simple moving average of $106.18. The stock has a market capitalization of $24.37 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the company posted $0.65 earnings per share. On average, research analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is 49.79%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Barclays dropped their target price on shares of Church & Dwight from $97.00 to $94.00 and set an "underweight" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler decreased their price objective on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $112.00 to $125.00 in a report on Tuesday, April 15th. Two equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $112.13.

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 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.