Mackenzie Financial Corp Boosts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Mackenzie Financial Corp lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,732 shares of the company's stock after purchasing an additional 7,830 shares during the period. Mackenzie Financial Corp's holdings in Church & Dwight were worth $12,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in Church & Dwight during the fourth quarter worth approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in Church & Dwight in the fourth quarter valued at $39,000. Bernard Wealth Management Corp. acquired a new stake in Church & Dwight in the fourth quarter valued at $40,000. Bank of Jackson Hole Trust acquired a new stake in Church & Dwight in the fourth quarter valued at $43,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Church & Dwight in the fourth quarter valued at $46,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. TD Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a report on Tuesday, May 6th. Truist Financial raised their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Bank of America upgraded 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. Wall Street Zen lowered Church & Dwight from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Finally, Royal Bank of Canada decreased their target price on Church & Dwight from $105.00 to $100.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $109.13.

Insider Buying and Selling at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now directly owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. This trade represents a 83.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Penry W. Price sold 14,660 shares of the business's stock in a transaction dated 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. The trade was a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,230 shares of company stock valued at $9,197,884. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Up 0.3%

Shares of NYSE:CHD traded up $0.31 during midday trading on Friday, reaching $98.45. The company had a trading volume of 4,911,224 shares, compared to its average volume of 1,688,871. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The business's 50 day moving average price is $100.08 and its 200 day moving average price is $104.76. The stock has a market cap of $24.25 billion, a PE ratio of 41.54, a P/E/G ratio of 3.32 and a beta of 0.55. 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 released its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The firm had revenue of $1.47 billion during 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 company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. Research analysts forecast 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 Monday, June 2nd. Shareholders of record on Thursday, May 15th will be 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 is Thursday, May 15th. Church & Dwight's dividend payout ratio is presently 50.64%.

Church & Dwight Company 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.