Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Bellecapital International Ltd.

Bellecapital International Ltd. increased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,415 shares of the company’s stock after purchasing an additional 2,582 shares during the quarter. Bellecapital International Ltd.’s holdings in Church & Dwight were worth $2,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schroder Investment Management Group increased its position in shares of Church & Dwight by 1,474.7% during the 3rd quarter. Schroder Investment Management Group now owns 233,318 shares of the company’s stock worth $21,379,000 after purchasing an additional 218,501 shares during the last quarter. Morgan Stanley grew its position in Church & Dwight by 1.9% in the 3rd quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock valued at $301,645,000 after acquiring an additional 61,090 shares in the last quarter. Aviva PLC grew its position in Church & Dwight by 1,018.1% in the 3rd quarter. Aviva PLC now owns 103,935 shares of the company’s stock valued at $9,524,000 after acquiring an additional 94,639 shares in the last quarter. Comerica Bank acquired a new position in Church & Dwight in the 2nd quarter valued at about $142,130,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Church & Dwight by 11.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 363,739 shares of the company’s stock valued at $33,329,000 after acquiring an additional 37,428 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Price Performance

Church & Dwight stock opened at $104.31 on Monday. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $105.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. The business has a 50 day simple moving average of $101.03 and a 200-day simple moving average of $95.59. The stock has a market capitalization of $25.44 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 3.59 and a beta of 0.53.

Church & Dwight (NYSE:CHDGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. Church & Dwight’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio is currently 37.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CHD shares. The Goldman Sachs Group started coverage on Church & Dwight in a research report on Friday, March 1st. They issued a “buy” rating and a $110.00 target price for the company. Stifel Nicolaus boosted their target price on Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. Bank of America upgraded Church & Dwight from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $85.00 to $100.00 in a research note on Friday, December 15th. Truist Financial boosted their target price on Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, UBS Group boosted their price objective on Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $102.80.

View Our Latest Analysis on CHD

Insider Buying and Selling

In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the sale, the executive vice president now directly owns 6,373 shares in the company, valued at approximately $638,702.06. The disclosure for this sale can be found here. Insiders have sold 373,052 shares of company stock valued at $38,603,796 over the last quarter. Company insiders own 1.40% of the company’s stock.

About Church & Dwight

(Free Report)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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