Financiere des Professionnels Fonds d investissement inc. Lowers Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Financiere des Professionnels Fonds d investissement inc. lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,667 shares of the company's stock after selling 3,788 shares during the quarter. Church & Dwight accounts for 0.8% of Financiere des Professionnels Fonds d investissement inc.'s investment portfolio, making the stock its 28th biggest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in Church & Dwight were worth $11,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the business. IAG Wealth Partners LLC boosted its stake 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 acquiring an additional 130 shares during the period. Bernard Wealth Management Corp. bought a new position in shares of Church & Dwight in the fourth quarter valued at $40,000. Wayfinding Financial LLC bought a new position in shares of Church & Dwight in the first quarter valued at $40,000. Versant Capital Management Inc raised its stake in Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in Church & Dwight during the 4th quarter valued at $46,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Up 0.4%

Shares of Church & Dwight stock traded up $0.41 on Wednesday, reaching $98.45. The stock had a trading volume of 2,471,092 shares, compared to its average volume of 2,031,195. The company has a 50 day moving average price of $96.43 and a 200 day moving average price of $102.68. The stock has a market capitalization of $24.25 billion, a P/E ratio of 42.25, a P/E/G ratio of 3.95 and a beta of 0.51. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company posted $0.96 EPS. The company's revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

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

Insider Transactions at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $99.00, for a total value of $1,451,340.00. Following the transaction, the director owned 13,747 shares of the company's stock, valued at $1,360,953. This represents a 51.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carlen Hooker sold 6,380 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the sale, the executive vice president directly owned 262 shares in the company, valued at approximately $25,754.60. This trade represents a 96.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,575 shares of company stock valued at $4,910,586 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial set a $110.00 price objective on shares of Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Barclays cut their price target on shares of Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a research note on Friday, May 2nd. Morgan Stanley dropped their price objective on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Finally, Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and raised their price objective for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Two 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's stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $107.43.

Church & Dwight Profile

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.