MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 54.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,329 shares of the company's stock after selling 27,598 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Church & Dwight were worth $2,443,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Lake Street Advisors Group LLC grew its stake in shares of Church & Dwight by 3.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company's stock worth $282,000 after acquiring an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Church & Dwight by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company's stock valued at $2,199,000 after buying an additional 103 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Church & Dwight by 3.2% during the fourth quarter. Whittier Trust Co. now owns 3,295 shares of the company's stock valued at $345,000 after buying an additional 103 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of Church & Dwight by 0.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company's stock valued at $1,270,000 after buying an additional 110 shares during the last quarter. Finally, Weaver Capital Management LLC boosted its position in shares of Church & Dwight by 3.3% during the fourth quarter. Weaver Capital Management LLC now owns 3,627 shares of the company's stock valued at $380,000 after buying an additional 116 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CHD shares. Stifel Nicolaus increased their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. Barclays dropped their price objective on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Oppenheimer dropped their price objective on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Cowen cut Church & Dwight from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada dropped their target price on Church & Dwight from $105.00 to $100.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $109.13.

Church & Dwight Price Performance

CHD traded up $1.97 on Tuesday, hitting $97.91. 2,790,022 shares of the company's stock traded hands, compared to its average volume of 1,668,641. 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 Co., Inc. has a one year low of $90.99 and a one year high of $116.46. The company's 50 day simple moving average is $100.56 and its 200-day simple moving average is $104.94. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 41.31, a P/E/G ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The company's revenue was down 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.295 dividend. 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 payout ratio is 50.64%.

Insiders Place Their Bets

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction that occurred on 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 owns 10,497 shares in the company, valued at approximately $1,217,442.06. The trade was a 83.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard A. Dierker bought 7,950 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $94.66 per share, with a total value of $752,547.00. Following the acquisition, the chief executive officer now owns 16,358 shares in the company, valued at approximately $1,548,448.28. This trade represents a 94.55% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 80,230 shares of company stock valued at $8,903,734 in the last quarter. 2.00% of the stock is currently owned by insiders.

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.