Bank of New York Mellon Corp Sells 37,779 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Bank of New York Mellon Corp reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,478,343 shares of the company's stock after selling 37,779 shares during the quarter. Bank of New York Mellon Corp owned 0.60% of Church & Dwight worth $162,751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC grew its holdings in Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the period. Wayfinding Financial LLC bought a new stake in Church & Dwight in the 1st quarter valued at $40,000. Versant Capital Management Inc raised its stake in Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after acquiring an additional 112 shares during the period. Bernard Wealth Management Corp. bought a new stake in Church & Dwight in the 4th quarter valued at $40,000. Finally, North Capital Inc. bought a new stake in Church & Dwight in the 1st quarter valued at $47,000. 86.60% of the stock is owned by institutional investors.

Insider Activity at Church & Dwight

In related news, EVP Michael Read purchased 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $92.07 per share, with a total value of $276,210.00. Following the acquisition, the executive vice president owned 5,505 shares of the company's stock, valued at $506,845.35. This trade represents a 119.76% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the sale, the director directly owned 13,747 shares in the company, valued at $1,360,953. This trade represents a 51.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,575 shares of company stock worth $4,910,586 in the last ninety days. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CHD shares. Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $100.00 to $114.00 in a report on Monday, June 2nd. Evercore ISI reduced their target price on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and increased their target price for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Finally, Barclays lowered their target price on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $107.43.

Church & Dwight Price Performance

CHD traded down $1.06 on Friday, hitting $98.03. 1,425,771 shares of the stock were exchanged, compared to its average volume of 1,764,237. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46. The business has a 50-day moving average of $96.54 and a two-hundred day moving average of $102.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.43. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 3.98 and a beta of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 9.52% and a return on equity of 19.28%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a dividend of $0.295 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.20%. Church & Dwight's dividend payout ratio is currently 50.64%.

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.