Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 77.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,796 shares of the company's stock after purchasing an additional 4,698 shares during the quarter. Gateway Investment Advisers LLC's holdings in Church & Dwight were worth $1,189,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock valued at $3,213,661,000 after purchasing an additional 193,602 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after acquiring an additional 1,190,154 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Church & Dwight by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock worth $617,794,000 after acquiring an additional 148,234 shares during the period. Stifel Financial Corp raised its holdings in shares of Church & Dwight by 0.5% during the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock worth $451,975,000 after acquiring an additional 20,887 shares during the period. Finally, Norges Bank acquired a new position in shares of Church & Dwight during the 4th quarter valued at about $318,532,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insiders Place Their Bets

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the sale, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Carlen Hooker sold 11,875 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $98.75, for a total value of $1,172,656.25. Following the completion of the sale, the executive vice president now directly owns 262 shares in the company, valued at $25,872.50. This represents a 97.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,255 shares of company stock worth $5,499,811 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

CHD has been the subject of several recent analyst reports. Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the stock a "buy" rating in a report on Friday. Morgan Stanley reduced their price target on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. reduced 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. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $109.69.

Church & Dwight Trading Down 0.4%

Church & Dwight stock traded down $0.40 during midday trading on Monday, reaching $98.67. 2,143,355 shares of the stock traded hands, compared to its average volume of 1,713,342. The firm has a market cap of $24.30 billion, a PE ratio of 41.63, a price-to-earnings-growth ratio of 3.32 and a beta of 0.52. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $99.13 and a two-hundred day simple moving average of $104.32. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly 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. 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 9.58% and a return on equity of 20.03%. The business's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. Research analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

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

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.