Mirae Asset Global Investments Co. Ltd. Buys 5,867 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,635 shares of the company’s stock after acquiring an additional 5,867 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Church & Dwight were worth $5,855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Church & Dwight by 1.1% during the third quarter. Vanguard Group Inc. now owns 29,027,417 shares of the company’s stock worth $2,073,719,000 after acquiring an additional 317,813 shares during the period. State Street Corp boosted its stake in Church & Dwight by 0.7% in the third quarter. State Street Corp now owns 12,211,925 shares of the company’s stock valued at $872,420,000 after acquiring an additional 84,323 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Church & Dwight by 3.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,645,087 shares of the company’s stock valued at $474,725,000 after acquiring an additional 231,649 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Church & Dwight by 18.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,206,411 shares of the company’s stock worth $419,689,000 after buying an additional 805,508 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Church & Dwight by 1.9% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,246,675 shares of the company’s stock worth $181,104,000 after buying an additional 42,201 shares during the period. Institutional investors own 80.86% of the company’s stock.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 6,440 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total value of $619,978.80. Following the sale, the executive vice president now directly owns 4,302 shares of the company’s stock, valued at approximately $414,153.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Barry A. Bruno sold 6,440 shares of Church & Dwight stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total transaction of $619,978.80. Following the sale, the executive vice president now directly owns 4,302 shares in the company, valued at approximately $414,153.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rene Hemsey sold 7,460 shares of Church & Dwight stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $96.56, for a total transaction of $720,337.60. Following the sale, the executive vice president now owns 6,316 shares in the company, valued at $609,872.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 389,193 shares of company stock valued at $36,601,855. Insiders own 2.00% of the company’s stock.

Church & Dwight Trading Down 0.3 %

Shares of NYSE:CHD opened at $94.79 on Tuesday. Church & Dwight Co., Inc. has a 52 week low of $70.16 and a 52 week high of $98.32. The company’s 50 day moving average is $91.20 and its two-hundred day moving average is $84.61. The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. The company has a market cap of $23.15 billion, a PE ratio of 56.76, a P/E/G ratio of 3.88 and a beta of 0.46.

Church & Dwight (NYSE:CHD – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Church & Dwight had a net margin of 7.49% and a return on equity of 20.49%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm posted $0.83 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that Church & Dwight Co., Inc. will post 3.1 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, May 12th. Church & Dwight’s dividend payout ratio is presently 65.27%.

Analysts Set New Price Targets

CHD has been the subject of several recent research reports. StockNews.com began coverage on shares of Church & Dwight in a report on Thursday, May 18th. They set a “hold” rating for the company. Royal Bank of Canada boosted their target price on shares of Church & Dwight from $83.00 to $91.00 in a research note on Friday, April 28th. 1-800-FLOWERS.COM restated a “maintains” rating on shares of Church & Dwight in a research report on Friday, April 28th. Barclays boosted their target price on shares of Church & Dwight from $79.00 to $83.00 in a report on Friday, April 28th. Finally, 92 Resources reiterated a “maintains” rating on shares of Church & Dwight in a report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.63.

About Church & Dwight

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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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.