Mizuho Markets Americas LLC Has $1.32 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Mizuho Markets Americas LLC reduced its holdings in Church & Dwight by 54.4%, selling 14,259 shares, and now owns 11,976 shares valued at approximately $1.3 million.
• In recent analyst reports, Bank of America upgraded Church & Dwight to a "buy" rating and increased their price target from $112.00 to $125.00, while other analysts offered various ratings ranging from "strong sell" to "hold."
• Church & Dwight announced a quarterly dividend of $0.295 per share, payable on September 2, representing an annualized yield of 1.3%.

Mizuho Markets Americas LLC lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 54.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,976 shares of the company's stock after selling 14,259 shares during the period. Mizuho Markets Americas LLC's holdings in Church & Dwight were worth $1,318,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Church & Dwight by 89.3% during the 4th 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 during the last quarter. Allianz Asset Management GmbH lifted its holdings in Church & Dwight by 451.2% during the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company's stock worth $8,924,000 after buying an additional 66,357 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Church & Dwight by 1,201.4% during the 1st quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock worth $918,000 after buying an additional 7,701 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Church & Dwight by 9.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company's stock worth $4,137,000 after buying an additional 3,254 shares during the last quarter. Finally, GAM Holding AG bought a new stake in shares of Church & Dwight in the 1st quarter worth approximately $1,249,000. Institutional investors own 86.60% of the company's stock.

Insider Activity

In related news, EVP Lee B. Mcchesney purchased 5,409 shares of Church & Dwight stock in a transaction on Friday, August 8th. The stock was bought at an average price of $91.38 per share, with a total value of $494,274.42. Following the completion of the transaction, the executive vice president directly owned 5,409 shares of the company's stock, valued at approximately $494,274.42. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard A. Dierker purchased 5,470 shares of Church & Dwight stock in a transaction on Tuesday, August 12th. The stock was bought at an average cost of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer directly owned 27,212 shares of the company's stock, valued at approximately $2,491,802.84. The trade was a 25.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 12,879 shares of company stock valued at $1,177,702 and have sold 35,915 shares valued at $3,545,300. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CHD. Redburn Atlantic downgraded Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. Redburn Partners set a $83.00 price target on Church & Dwight in a report on Monday, July 14th. Wells Fargo & Company raised their price target on Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Evercore ISI cut their price target on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a report on Monday, August 4th. Finally, Barclays cut their target price on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating on the stock in a research note on Monday, August 4th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $103.94.

Church & Dwight Price Performance

Shares of NYSE CHD traded down $1.08 during mid-day trading on Thursday, reaching $92.61. The company had a trading volume of 764,185 shares, compared to its average volume of 2,064,555. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market cap of $22.56 billion, a PE ratio of 43.70, a P/E/G ratio of 3.81 and a beta of 0.43. The company has a 50-day moving average price of $96.26 and a two-hundred day moving average price of $100.97. Church & Dwight Co., Inc. has a 1-year low of $90.50 and a 1-year high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company's quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. Church & Dwight's dividend payout ratio (DPR) is presently 55.66%.

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.