ProShare Advisors LLC Acquires 68,896 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

ProShare Advisors LLC lifted its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,864,115 shares of the company's stock after acquiring an additional 68,896 shares during the quarter. ProShare Advisors LLC owned 0.76% of Church & Dwight worth $195,191,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in shares of Church & Dwight in the fourth quarter worth $25,000. Bernard Wealth Management Corp. acquired a new position in Church & Dwight during the 4th quarter valued at about $40,000. Bank of Jackson Hole Trust acquired a new stake in shares of Church & Dwight during the fourth quarter worth $43,000. Banque Transatlantique SA bought a new position in shares of Church & Dwight during the fourth quarter worth $46,000. Finally, Golden State Wealth Management LLC bought a new position in Church & Dwight in the fourth quarter valued at approximately $51,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock traded up $0.47 during mid-day trading on Tuesday, reaching $96.44. 681,865 shares of the stock were exchanged, compared to its average volume of 1,891,610. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The firm has a 50-day simple moving average of $102.04 and a 200 day simple moving average of $105.27. Church & Dwight Co., Inc. has a fifty-two week low of $90.99 and a fifty-two week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $0.96 earnings per share. The firm's revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight's payout ratio is currently 50.64%.

Wall Street Analyst Weigh In

CHD has been the subject of several research reports. Oppenheimer cut their price target on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, April 28th. TD Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price target on the stock. in a research report on Tuesday, May 6th. Piper Sandler decreased their target price on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Finally, UBS Group reduced their target price on Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $109.13.

Insider Activity at Church & Dwight

In other news, EVP Michael Read purchased 3,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the acquisition, the executive vice president now directly owns 5,505 shares of the company's stock, valued at $506,845.35. This represents a 119.76% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now directly owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. The trade was a 83.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,230 shares of company stock worth $8,903,734 over the last ninety days. Insiders own 2.00% of the company's stock.

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.