Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Man Group plc

Man Group plc reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 85.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,287 shares of the company's stock after selling 188,591 shares during the quarter. Man Group plc's holdings in Church & Dwight were worth $3,381,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CHD. Norges Bank purchased a new stake in Church & Dwight in the 4th quarter valued at $318,532,000. JPMorgan Chase & Co. grew its holdings in Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after buying an additional 1,190,154 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Church & Dwight in the 4th quarter valued at $76,565,000. Ceredex Value Advisors LLC purchased a new stake in Church & Dwight in the 4th quarter valued at $49,504,000. Finally, Barclays PLC grew its holdings in Church & Dwight by 63.9% in the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company's stock valued at $115,832,000 after buying an additional 431,257 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Trading Up 2.1%

Church & Dwight stock traded up $1.97 during midday trading on Tuesday, reaching $97.91. 2,790,022 shares of the stock traded hands, compared to its average volume of 1,668,641. The company has a 50-day simple moving average of $100.56 and a two-hundred day simple moving average of $104.94. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46. The firm has a market cap of $24.11 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the business posted $0.96 EPS. Church & Dwight's revenue for the quarter was down 2.4% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

Analyst Ratings Changes

Several brokerages have issued reports on CHD. Stifel Nicolaus upped their target price on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Wall Street Zen cut Church & Dwight from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Truist Financial increased their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Cowen cut Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Oppenheimer lowered their price target on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Church & Dwight presently has an average rating of "Hold" and a consensus target price of $109.13.

Insider Buying and Selling at Church & Dwight

In related news, CEO Richard A. Dierker acquired 7,950 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $94.66 per share, for a total transaction of $752,547.00. Following the purchase, the chief executive officer now owns 16,358 shares of the company's stock, valued at $1,548,448.28. This represents a 94.55% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Read acquired 3,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $92.07 per share, with a total value of $276,210.00. Following the purchase, the executive vice president now directly owns 5,505 shares in the company, valued at approximately $506,845.35. This trade represents a 119.76% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 80,230 shares of company stock valued at $8,903,734 in the last quarter. Corporate insiders own 2.00% of the company's stock.

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.