Man Group plc Has $3.38 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Man Group plc decreased its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 85.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CHD. Norges Bank acquired a new stake in shares of Church & Dwight during the fourth quarter worth about $318,532,000. JPMorgan Chase & Co. grew its holdings 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 valued at $768,157,000 after acquiring an additional 1,190,154 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Church & Dwight during the fourth quarter valued at approximately $76,565,000. Ceredex Value Advisors LLC acquired a new position in Church & Dwight during the fourth quarter valued at approximately $49,504,000. Finally, Barclays PLC grew its stake in Church & Dwight by 63.9% in the third quarter. Barclays PLC now owns 1,106,131 shares of the company's stock valued at $115,832,000 after purchasing an additional 431,257 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

Insider Activity

In related news, EVP Michael Read purchased 3,000 shares of Church & Dwight stock in a transaction dated Friday, May 9th. The shares were bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the purchase, the executive vice president now owns 5,505 shares in the company, valued at approximately $506,845.35. This trade represents a 119.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now directly owns 10,497 shares in the company, valued at approximately $1,217,442.06. This trade represents a 83.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,230 shares of company stock worth $8,903,734. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

CHD traded up $0.79 during trading on Friday, hitting $96.00. The stock had a trading volume of 1,816,045 shares, compared to its average volume of 1,664,138. The company has a 50 day moving average price of $101.01 and a 200-day moving average price of $105.04. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 40.51, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a one year low of $90.99 and a one year high of $116.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24.

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, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The company 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 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

Analysts Set New Price Targets

CHD has been the topic of a number of analyst reports. Barclays cut their price objective on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Cowen lowered shares of Church & Dwight from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Stifel Nicolaus lifted their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. Evercore ISI dropped their target price on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, TD Cowen cut Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price target for the company. in a report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $109.13.

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.