Thrivent Financial for Lutherans raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 906,374 shares of the company’s stock after buying an additional 43,457 shares during the period. Thrivent Financial for Lutherans’ holdings in Church & Dwight were worth $76,006,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CHD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Church & Dwight by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock valued at $2,672,000 after buying an additional 945 shares in the last quarter. Empowered Funds LLC raised its stake in Church & Dwight by 18.4% in the first quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock valued at $726,000 after buying an additional 1,024 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Church & Dwight in the second quarter valued at $254,000. Baird Financial Group Inc. raised its stake in Church & Dwight by 9.0% in the second quarter. Baird Financial Group Inc. now owns 29,398 shares of the company’s stock valued at $2,825,000 after buying an additional 2,419 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Church & Dwight by 0.4% in the second quarter. Cerity Partners LLC now owns 52,273 shares of the company’s stock valued at $5,024,000 after buying an additional 204 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Stock Down 0.6%
CHD opened at $94.07 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22. Church & Dwight Co., Inc. has a one year low of $81.33 and a one year high of $106.04. The business’s 50-day simple moving average is $95.34 and its 200-day simple moving average is $91.78. The stock has a market capitalization of $22.29 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 3.44 and a beta of 0.48.
Church & Dwight Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is currently 40.46%.
Insider Activity
In related news, Director Penry W. Price sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $100.58, for a total transaction of $704,060.00. Following the transaction, the director owned 30,070 shares of the company’s stock, valued at $3,024,440.60. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
CHD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $109.00 price target on shares of Church & Dwight in a research note on Monday, May 4th. Rothschild & Co Redburn set a $91.00 target price on Church & Dwight and gave the stock a “neutral” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. lifted their target price on Church & Dwight from $98.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $105.00 target price on Church & Dwight and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Finally, TD Cowen lifted their target price on Church & Dwight from $99.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $102.53.
Read Our Latest Research Report 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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Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD – Free Report).
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