Fundsmith Investment Services LTD. lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,620,239 shares of the company’s stock after selling 185,990 shares during the period. Church & Dwight makes up approximately 4.0% of Fundsmith Investment Services LTD.’s portfolio, making the stock its 13th biggest holding. Fundsmith Investment Services LTD.’s holdings in Church & Dwight were worth $219,707,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Integrity Alliance LLC. boosted its stake in shares of Church & Dwight by 4.6% in the 4th quarter. Integrity Alliance LLC. now owns 2,500 shares of the company’s stock worth $210,000 after buying an additional 111 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Church & Dwight by 0.8% in the 2nd quarter. Advisory Services Network LLC now owns 14,325 shares of the company’s stock worth $1,343,000 after buying an additional 116 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Church & Dwight by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,524 shares of the company’s stock worth $309,000 after buying an additional 124 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of Church & Dwight by 2.5% in the 4th quarter. Essex Financial Services Inc. now owns 5,218 shares of the company’s stock worth $438,000 after buying an additional 125 shares during the last quarter. Finally, RFG Bristol Wealth Advisors LLC boosted its stake in shares of Church & Dwight by 5.0% in the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 3,023 shares of the company’s stock worth $254,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Trading Up 0.1%
NYSE:CHD opened at $98.39 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $23.31 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 3.52 and a beta of 0.47. The firm’s 50 day moving average is $95.44 and its 200 day moving average is $93.67. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $106.04.
Church & Dwight Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.3075 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. Church & Dwight’s payout ratio is presently 40.46%.
Insider Buying and Selling at Church & Dwight
In other Church & Dwight news, EVP Brian D. Buchert sold 10,160 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $98.14, for a total transaction of $997,102.40. Following the sale, the executive vice president owned 1,286 shares of the company’s stock, valued at $126,208.04. The trade was a 88.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $98.00, for a total transaction of $1,270,080.00. Following the sale, the director directly owned 13,653 shares in the company, valued at $1,337,994. The trade was a 48.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 37,680 shares of company stock worth $3,675,090. 1.20% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages have recently weighed in on CHD. UBS Group restated a “neutral” rating and issued a $100.00 target price (up from $98.00) on shares of Church & Dwight in a research note on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating and issued a $111.00 target price on shares of Church & Dwight in a research note on Friday, May 29th. Wells Fargo & Company cut their target price on Church & Dwight from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $109.00 target price on shares of Church & Dwight in a research note on Monday, May 4th. Finally, TD Cowen boosted their target price on Church & Dwight from $99.00 to $112.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.59.
View Our Latest Stock Analysis on CHD
Church & Dwight Company Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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