Victory Capital Management Inc. Grows Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Victory Capital Management Inc. raised its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 152,345 shares of the company’s stock after buying an additional 14,466 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Church & Dwight worth $12,319,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted 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 valued at $2,073,719,000 after buying an additional 317,813 shares during the last quarter. State Street Corp lifted its position in shares of Church & Dwight by 0.7% during the third quarter. State Street Corp now owns 12,211,925 shares of the company’s stock valued at $872,420,000 after buying an additional 84,323 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Church & Dwight by 3.6% during 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 buying an additional 231,649 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 valued at $419,689,000 after buying an additional 805,508 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position 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 valued at $181,104,000 after buying an additional 42,201 shares during the last quarter. 80.86% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $93.92 on Wednesday. The firm has a market cap of $22.94 billion, a PE ratio of 56.24, a PEG ratio of 3.87 and a beta of 0.46. The firm has a fifty day moving average of $91.38 and a 200 day moving average of $84.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 1.18. Church & Dwight Co., Inc. has a one year low of $70.16 and a one year high of $98.32.

Church & Dwight (NYSE:CHD – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. Church & Dwight had a net margin of 7.49% and a return on equity of 20.49%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. As a group, research analysts predict that Church & Dwight Co., Inc. will post 3.1 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, May 12th. Church & Dwight’s payout ratio is presently 65.27%.

Analysts Set New Price Targets

CHD has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Church & Dwight from $96.00 to $105.00 in a research note on Friday, April 28th. Argus cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Monday, February 13th. 92 Resources reiterated a “maintains” rating on shares of Church & Dwight in a research note on Friday, April 28th. Atlantic Securities upgraded shares of Church & Dwight from an “underweight” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Monday, February 6th. Finally, TheStreet upgraded shares of Church & Dwight from a “c” rating to a “b” rating in a research note on Thursday, April 27th. 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $90.63.

Insider Buying and Selling

In other news, EVP Barry A. Bruno sold 6,440 shares of the company’s 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 completion of the sale, the executive vice president now owns 4,302 shares of the company’s stock, valued at $414,153.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Paul Richard Wood sold 48,262 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $83.37, for a total transaction of $4,023,602.94. Following the completion of the sale, the executive vice president now owns 120 shares of the company’s stock, valued at $10,004.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Barry A. Bruno sold 6,440 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total transaction of $619,978.80. Following the transaction, the executive vice president now directly owns 4,302 shares in the company, valued at approximately $414,153.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 389,193 shares of company stock valued at $36,601,855. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Company Profile

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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.