Polar Asset Management Partners Inc. Invests $2.94 Million in Church & Dwight Co., Inc. (NYSE:CHD)

Polar Asset Management Partners Inc. bought a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,100 shares of the company's stock, valued at approximately $2,942,000.

Several other hedge funds also recently modified their holdings of the business. YANKCOM Partnership bought a new stake in Church & Dwight during the fourth quarter valued at about $25,000. Strategic Financial Concepts LLC acquired a new position in shares of Church & Dwight during the fourth quarter valued at about $39,000. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight in the fourth quarter valued at about $40,000. Bank of Jackson Hole Trust acquired a new stake in Church & Dwight during the fourth quarter worth about $43,000. Finally, Banque Transatlantique SA bought a new position in Church & Dwight during the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Analyst Ratings Changes

CHD has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research note on Monday, February 3rd. Royal Bank of Canada dropped their target price on shares of Church & Dwight from $105.00 to $100.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Truist Financial upped their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley dropped their price objective on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $109.13.

Insiders Place Their Bets

In other Church & Dwight news, EVP Carlen Hooker sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $98.05, for a total value of $294,150.00. Following the sale, the executive vice president now owns 262 shares in the company, valued at $25,689.10. This represents a 91.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 of the company's stock, valued at $1,217,442.06. This represents a 83.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,230 shares of company stock worth $9,197,884. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Trading Up 0.3%

Shares of NYSE CHD traded up $0.31 during midday trading on Friday, reaching $98.45. 4,898,123 shares of the stock were exchanged, compared to its average volume of 1,922,440. The company has a market capitalization of $24.25 billion, a price-to-earnings ratio of 41.54, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month 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. The business has a 50-day simple moving average of $100.20 and a two-hundred day simple moving average of $104.82.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results 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. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. Church & Dwight's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 1.20%. The ex-dividend date is Thursday, May 15th. Church & Dwight's payout ratio is presently 50.64%.

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.