Victory Capital Management Inc. Cuts Position in Church & Dwight Co., Inc. (NYSE:CHD)

Victory Capital Management Inc. cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,258 shares of the company's stock after selling 5,466 shares during the period. Victory Capital Management Inc. owned 0.06% of Church & Dwight worth $16,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Church & Dwight during the fourth quarter worth $318,532,000. JPMorgan Chase & Co. lifted its holdings in shares of Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after purchasing an additional 1,190,154 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Church & Dwight by 12,489.8% during the first quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock worth $94,886,000 after purchasing an additional 855,049 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Church & Dwight during the fourth quarter worth $49,504,000. Finally, Northern Trust Corp lifted its holdings in shares of Church & Dwight by 15.0% during the fourth quarter. Northern Trust Corp now owns 3,018,552 shares of the company's stock worth $316,073,000 after purchasing an additional 393,068 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Church & Dwight

In other news, Director Penry W. Price sold 14,660 shares of the company's 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 transaction, the director owned 27,043 shares of the company's stock, valued at $2,518,514.59. This represents a 35.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard A. Dierker purchased 7,950 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of $94.66 per share, for a total transaction of $752,547.00. Following the acquisition, the chief executive officer directly owned 16,358 shares of the company's stock, valued at $1,548,448.28. This trade represents a 94.55% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 50,575 shares of company stock worth $4,910,586. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Trading Down 0.1%

NYSE:CHD traded down $0.11 on Friday, reaching $97.17. The stock had a trading volume of 1,652,693 shares, compared to its average volume of 1,925,047. The company has a market cap of $23.93 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 3.89 and a beta of 0.51. 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 firm's fifty day moving average is $97.34 and its two-hundred day moving average is $102.01. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46.

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

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Church & Dwight from $92.00 to $97.00 and gave the stock an "underweight" rating in a report on Friday. Truist Financial set a $110.00 target price on Church & Dwight and gave the company a "buy" rating in a report on Friday, June 6th. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Morgan Stanley reduced their target price on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Finally, Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and an average price target of $104.38.

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.