Kestra Private Wealth Services LLC lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,756 shares of the company’s stock after selling 10,721 shares during the period. Kestra Private Wealth Services LLC’s holdings in Church & Dwight were worth $2,914,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Generali Asset Management SPA SGR lifted its position in shares of Church & Dwight by 97.1% during the third quarter. Generali Asset Management SPA SGR now owns 34,811 shares of the company’s stock worth $3,050,000 after acquiring an additional 17,145 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Church & Dwight by 215.6% in the third quarter. Bessemer Group Inc. now owns 13,667 shares of the company’s stock valued at $1,197,000 after purchasing an additional 9,337 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Church & Dwight by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock valued at $537,736,000 after purchasing an additional 175,960 shares during the period. Fisher Asset Management LLC raised its stake in shares of Church & Dwight by 51.3% during the 3rd quarter. Fisher Asset Management LLC now owns 94,349 shares of the company’s stock valued at $8,268,000 after purchasing an additional 31,976 shares during the period. Finally, Vest Financial LLC lifted its holdings in Church & Dwight by 7.8% during the 3rd quarter. Vest Financial LLC now owns 563,653 shares of the company’s stock worth $49,393,000 after purchasing an additional 40,634 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Price Performance
Church & Dwight stock opened at $96.06 on Thursday. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 3.54 and a beta of 0.48. The company has a quick ratio of 0.71, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $97.28 and a 200 day simple moving average of $91.30. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.04.
Church & Dwight Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.3075 per share. The ex-dividend date is Friday, May 15th. This represents a $1.23 annualized dividend and a yield of 1.3%. Church & Dwight’s payout ratio is presently 40.73%.
Insider Activity at Church & Dwight
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $100.58, for a total value of $704,060.00. Following the completion of the transaction, the director owned 30,070 shares of the company’s stock, valued at $3,024,440.60. The trade was a 18.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet S. Vergis sold 12,960 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares in the company, valued at $1,727,302. The trade was a 43.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on CHD. Rothschild & Co Redburn set a $91.00 target price on Church & Dwight and gave the stock a “neutral” rating in a research note on Friday, February 13th. Barclays decreased their price target on Church & Dwight from $85.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley set a $105.00 price objective on shares of Church & Dwight and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Jefferies Financial Group boosted their price objective on shares of Church & Dwight from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, UBS Group decreased their target price on shares of Church & Dwight from $102.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus price target of $101.59.
Check Out Our Latest Research Report on Church & Dwight
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.
Further Reading
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