M&T Bank Corp Sells 13,049 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

M&T Bank Corp lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,674 shares of the company's stock after selling 13,049 shares during the quarter. M&T Bank Corp owned about 0.09% of Church & Dwight worth $20,015,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CHD. Chilton Capital Management LLC increased its position in Church & Dwight by 50.0% during the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company's stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Annapolis Financial Services LLC lifted its holdings in shares of Church & Dwight by 2,087.5% during the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company's stock valued at $33,000 after acquiring an additional 334 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in Church & Dwight during the 3rd quarter worth $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Church & Dwight in the 4th quarter valued at $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Church & Dwight by 74.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company's stock valued at $65,000 after purchasing an additional 293 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

Shares of Church & Dwight stock traded up $0.23 during trading hours on Friday, reaching $106.11. The company's stock had a trading volume of 1,283,889 shares, compared to its average volume of 1,247,251. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.33. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $108.68. The company's 50 day simple moving average is $103.68 and its 200 day simple moving average is $97.88. The stock has a market cap of $25.88 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.10. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight's dividend payout ratio (DPR) is 35.87%.

Insider Buying and Selling at Church & Dwight

In related news, EVP Rene Hemsey sold 9,280 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares of the company's stock, valued at $638,702.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,703,613.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of the company's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares of the company's stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. Insiders have sold 373,052 shares of company stock valued at $38,603,796 in the last quarter. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

CHD has been the topic of several analyst reports. Truist Financial raised their target price on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Church & Dwight from $98.00 to $97.00 and set an "underweight" rating for the company in a research note on Friday. Oppenheimer lifted their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 23rd. Barclays raised their target price on Church & Dwight from $80.00 to $83.00 and gave the company an "underweight" rating in a research note on Friday, April 12th. Finally, Bank of America boosted their price target on Church & Dwight from $100.00 to $104.00 and gave the stock a "neutral" rating in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $105.63.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.