Wealthfront Advisers LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 120,287 shares of the company’s stock, valued at approximately $11,653,000.
Other institutional investors also recently bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new stake in Church & Dwight during the 4th quarter valued at about $25,000. Elyxium Wealth LLC bought a new position in shares of Church & Dwight in the fourth quarter worth approximately $26,000. DV Equities LLC purchased a new stake in shares of Church & Dwight during the fourth quarter valued at approximately $28,000. Clearstead Trust LLC purchased a new stake in shares of Church & Dwight during the second quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Church & Dwight during the third quarter valued at approximately $30,000. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Up 0.1%
Shares of Church & Dwight stock opened at $99.19 on Thursday. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $106.04. The company has a quick ratio of 0.69, a current ratio of 1.15 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $98.52 and its 200 day moving average is $97.61. The company has a market cap of $23.53 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 3.62 and a beta of 0.47.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is 39.55%.
Analyst Upgrades and Downgrades
CHD has been the subject of a number of recent analyst reports. UBS Group restated a “neutral” rating and issued a $107.00 price objective (up from $104.00) on shares of Church & Dwight in a report on Monday, August 3rd. Morgan Stanley set a $112.00 target price on Church & Dwight in a report on Monday, August 3rd. Wall Street Zen upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. upped their price target on Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Citigroup reaffirmed a “neutral” rating and set a $105.00 price objective (up from $100.00) on shares of Church & Dwight in a research report on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $104.41.
Get Our Latest Research Report on Church & Dwight
Insider Buying and Selling
In other Church & Dwight news, Director Arthur B. Winkleblack sold 13,200 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.83, for a total value of $1,357,356.00. Following the transaction, the director owned 7,129 shares of the company’s stock, valued at approximately $733,075.07. This represents a 64.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert K. Shearer sold 8,600 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $97.97, for a total value of $842,542.00. Following the completion of the transaction, the director directly owned 30,678 shares in the company, valued at $3,005,523.66. The trade was a 21.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 59,220 shares of company stock valued at $5,905,747 over the last ninety days. 2.00% of the stock is owned by insiders.
Church & Dwight 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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