SG Americas Securities LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3,988.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,900 shares of the company's stock after acquiring an additional 201,840 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Church & Dwight worth $22,778,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight during the 4th quarter valued at approximately $39,000. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $40,000. Versant Capital Management Inc lifted its position in Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after buying an additional 112 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Church & Dwight during the fourth quarter worth $43,000. Finally, Banque Transatlantique SA purchased a new stake in Church & Dwight in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 86.60% of the company's stock.
Insider Buying and Selling at Church & Dwight
In other news, Director Penry W. Price sold 14,660 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $93.13, for a total value of $1,365,285.80. Following the completion of the sale, the director now directly owns 27,043 shares of the company's stock, valued at $2,518,514.59. This represents a 35.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Read acquired 3,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the transaction, the executive vice president now directly owns 5,505 shares of the company's stock, valued at $506,845.35. This represents a 119.76% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 44,195 shares of company stock valued at $4,283,432 in the last three months. 1.20% of the stock is currently owned by company insiders.
Analyst Ratings Changes
CHD has been the subject of a number of research analyst reports. Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Truist Financial set a $110.00 price target on Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. TD Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price on the stock. in a report on Tuesday, May 6th. Finally, UBS Group lowered their price objective on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and a consensus target price of $108.67.
Check Out Our Latest Research Report on CHD
Church & Dwight Stock Performance
Shares of NYSE CHD traded down $0.53 during midday trading on Thursday, hitting $98.57. 396,215 shares of the company's stock were exchanged, compared to its average volume of 1,712,016. The firm has a market cap of $24.28 billion, a P/E ratio of 41.59, a PEG ratio of 3.32 and a beta of 0.52. 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 Co., Inc. has a twelve month low of $90.99 and a twelve month high of $116.46. The stock's 50 day moving average price is $98.57 and its 200-day moving average price is $104.15.
Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.52 billion. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. 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 posted $0.96 EPS. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's payout ratio is 50.64%.
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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