Citigroup Inc. Has $59.60 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Citigroup Inc. increased its stake in Church & Dwight Co., Inc. by 143.1% during the first quarter, now owning a total of 541,393 shares worth approximately $59.6 million.
• Church & Dwight recently reported an earnings surprise, posting an EPS of $0.94, exceeding the analyst consensus estimate of $0.85.
• The company declared a quarterly dividend of $0.295 per share, representing an annualized yield of 1.3%, with the ex-dividend date set for August 15th.

Citigroup Inc. grew its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 143.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 541,393 shares of the company's stock after purchasing an additional 318,706 shares during the period. Citigroup Inc. owned about 0.22% of Church & Dwight worth $59,602,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. IAG Wealth Partners LLC boosted its position in Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after buying an additional 130 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Church & Dwight in the first quarter valued at about $40,000. Versant Capital Management Inc boosted its position in Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after buying an additional 112 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Church & Dwight in the fourth quarter valued at about $42,000. Finally, Chilton Capital Management LLC boosted its position in Church & Dwight by 90.9% in the first quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock valued at $46,000 after buying an additional 200 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Trading Up 0.4%

NYSE:CHD traded up $0.33 during trading hours on Friday, hitting $92.64. The stock had a trading volume of 507,594 shares, compared to its average volume of 2,059,581. Church & Dwight Co., Inc. has a one year low of $90.50 and a one year high of $116.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The company has a market cap of $22.57 billion, a price-to-earnings ratio of 43.68, a P/E/G ratio of 3.87 and a beta of 0.43. The business's 50 day moving average is $96.14 and its 200-day moving average is $100.86.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a $0.295 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. Church & Dwight's dividend payout ratio (DPR) is 55.66%.

Analysts Set New Price Targets

CHD has been the topic of a number of recent analyst reports. Redburn Atlantic lowered shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a research report on Monday, July 14th. Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. Wells Fargo & Company boosted their target price on shares of Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Evercore ISI dropped their target price on shares of Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research note on Monday, August 4th. Finally, Morgan Stanley dropped their target price on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Four investment 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $103.94.

Insiders Place Their Bets

In other Church & Dwight news, EVP Michael Read bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of $91.27 per share, with a total value of $182,540.00. Following the completion of the transaction, the executive vice president owned 7,505 shares in the company, valued at approximately $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the stock in a transaction 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 completion of the sale, the director owned 13,747 shares of the company's stock, valued at approximately $1,360,953. This represents a 51.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 12,879 shares of company stock valued at $1,177,702 and have sold 35,915 shares valued at $3,545,300. 2.00% of the stock is currently owned by company insiders.

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.