Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,744 shares of the company's stock after selling 16,647 shares during the period. Church & Dwight makes up about 2.4% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 12th largest holding. Mountain Pacific Investment Advisers LLC owned 0.12% of Church & Dwight worth $32,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lake Street Advisors Group LLC increased its position in Church & Dwight by 3.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company's stock valued at $282,000 after buying an additional 97 shares in the last quarter. Advisory Alpha LLC boosted its stake in Church & Dwight by 3.7% during the 1st quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock valued at $298,000 after purchasing an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Church & Dwight by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company's stock valued at $2,199,000 after purchasing an additional 103 shares during the last quarter. Whittier Trust Co. boosted its stake in Church & Dwight by 3.2% during the 4th quarter. Whittier Trust Co. now owns 3,295 shares of the company's stock valued at $345,000 after purchasing an additional 103 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in Church & Dwight by 0.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company's stock valued at $1,270,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHD. Wall Street Zen downgraded Church & Dwight from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. cut their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. TD Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price on the stock. in a research note on Tuesday, May 6th. Evercore ISI cut their target price on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Finally, Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and raised their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $108.67.

Church & Dwight Price Performance

Shares of CHD stock traded down $0.33 during trading hours on Thursday, hitting $95.83. The stock had a trading volume of 3,075,350 shares, compared to its average volume of 1,739,565. 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 0.48, a current ratio of 1.95 and a quick ratio of 1.43. The stock's 50-day moving average price is $98.09 and its two-hundred day moving average price is $103.70. The stock has a market capitalization of $23.60 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 3.86 and a beta of 0.52.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is presently 50.64%.

Insider Buying and Selling

In other Church & Dwight news, Director Penry W. Price sold 14,660 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the completion of the sale, the director now directly owns 27,043 shares of the company's stock, valued at approximately $2,518,514.59. This represents a 35.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Read bought 3,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the purchase, the executive vice president now owns 5,505 shares in the company, valued at $506,845.35. The trade was a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 50,575 shares of company stock valued at $4,910,586 over the last three months. 2.00% of the stock is owned by company insiders.

About Church & Dwight

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.