California State Teachers Retirement System increased its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 408,294 shares of the company's stock after purchasing an additional 12,239 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Church & Dwight worth $42,752,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in 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. grew its holdings in 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 purchasing an additional 1,190,154 shares during the period. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 148,234 shares during the period. Stifel Financial Corp grew its holdings in 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 purchasing an additional 20,887 shares during the period. Finally, Norges Bank bought a new stake in Church & Dwight during the fourth quarter valued at about $318,532,000. Hedge funds and other institutional investors own 86.60% of the company's stock.
Church & Dwight Stock Performance
Shares of NYSE CHD traded up $0.31 during midday trading on Friday, reaching $98.45. 4,911,224 shares of the company were exchanged, compared to its average volume of 1,688,871. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The stock has a fifty day simple moving average of $100.08 and a 200 day simple moving average of $104.76. The stock has a market cap of $24.25 billion, a P/E ratio of 41.54, a PEG ratio of 3.32 and a beta of 0.55.
Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company posted $0.96 earnings per share. The business's revenue was down 2.4% on a year-over-year basis. On average, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.
Church & Dwight Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 yield of 1.20%. Church & Dwight's payout ratio is currently 50.64%.
Wall Street Analysts Forecast Growth
CHD has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Church & Dwight from $105.00 to $100.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Piper Sandler decreased their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their target price 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. Finally, Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and upped their price objective for the company from $112.00 to $125.00 in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and an average target price of $109.13.
Check Out Our Latest Research Report on CHD
Insider Activity at Church & Dwight
In related news, EVP Michael Read purchased 3,000 shares of Church & Dwight stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the transaction, the executive vice president now owns 5,505 shares in the company, valued at approximately $506,845.35. The trade was a 119.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction that occurred 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 sale, the executive vice president now owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. The trade was a 83.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,230 shares of company stock worth $9,197,884 over the last 90 days. Company insiders own 2.00% of the company's stock.
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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