Mackenzie Financial Corp Buys 26,483 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Mackenzie Financial Corp boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 22.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,215 shares of the company's stock after buying an additional 26,483 shares during the quarter. Mackenzie Financial Corp owned approximately 0.06% of Church & Dwight worth $15,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Church & Dwight by 89.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company's stock worth $5,567,000 after buying an additional 25,080 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Church & Dwight by 451.2% in the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company's stock valued at $8,924,000 after purchasing an additional 66,357 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Church & Dwight by 1,201.4% in the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock worth $918,000 after purchasing an additional 7,701 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Church & Dwight by 9.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company's stock valued at $4,137,000 after purchasing an additional 3,254 shares during the period. Finally, GAM Holding AG acquired a new position in Church & Dwight during the first quarter worth $1,249,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Stock Performance

Shares of NYSE CHD traded up $0.34 during midday trading on Friday, hitting $94.11. 4,674,657 shares of the company's stock traded hands, compared to its average volume of 2,031,294. The firm has a fifty day moving average of $97.30 and a 200 day moving average of $101.82. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 40.39, a price-to-earnings-growth ratio of 3.75 and a beta of 0.43.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The firm's revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight's payout ratio is currently 50.64%.

Insider Buying and Selling at Church & Dwight

In other news, CEO Richard A. Dierker bought 7,950 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $94.66 per share, for a total transaction of $752,547.00. Following the purchase, the chief executive officer owned 16,358 shares in the company, valued at approximately $1,548,448.28. The trade was a 94.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carlen Hooker sold 6,380 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total value of $627,154.00. Following the completion of the sale, the executive vice president owned 262 shares of the company's stock, valued at $25,754.60. The trade was 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 ninety days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHD has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the company a "buy" rating in a research report on Friday, June 6th. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays decreased their price objective on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. 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 report on Monday, May 5th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $104.38.

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.