Bank Julius Baer & Co. Ltd Zurich raised its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 747.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 103,552 shares of the company's stock after acquiring an additional 91,338 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Church & Dwight were worth $11,461,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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. boosted its position in shares of 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 last quarter. Geode Capital Management LLC boosted its position in shares of Church & Dwight by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after buying an additional 148,234 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Church & Dwight by 0.5% during the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock valued at $451,975,000 after buying an additional 20,887 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Church & Dwight during the fourth quarter valued at approximately $318,532,000. Institutional investors and hedge funds own 86.60% of the company's stock.
Insider Buying and Selling
In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction on Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the transaction, the director directly owned 13,747 shares in the company, valued at approximately $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Penry W. Price sold 14,660 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $93.13, for a total value of $1,365,285.80. Following the transaction, the director owned 27,043 shares of the company's stock, valued at approximately $2,518,514.59. The trade was a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock valued at $4,910,586 in the last 90 days. Corporate insiders own 2.00% of the company's stock.
Church & Dwight Stock Performance
Shares of CHD traded down $0.11 during mid-day trading on Friday, hitting $97.17. The stock had a trading volume of 1,652,693 shares, compared to its average volume of 1,925,047. The firm has a market cap of $23.93 billion, a P/E ratio of 41.70, a PEG ratio of 3.89 and a beta of 0.51. The business has a fifty day moving average price of $97.34 and a 200-day moving average price of $102.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.43. Church & Dwight Co., Inc. has a 52 week low of $90.99 and a 52 week high of $116.46.
Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 19.28% and a net margin of 9.52%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.
Church & Dwight Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is presently 50.64%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on CHD shares. Truist Financial set a $110.00 target price on Church & Dwight and gave the company a "buy" rating in a research report on Friday, June 6th. Evercore ISI cut their target price on 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. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $100.00 to $114.00 in a research report on Monday, June 2nd. Finally, Redburn Atlantic lowered Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $104.38.
Read Our Latest Stock Analysis on CHD
About Church & Dwight
(
Free Report)
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.
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