Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 3.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 67,451 shares of the company’s stock after selling 2,240 shares during the quarter. State of Michigan Retirement System’s holdings in Church & Dwight were worth $6,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHD. Moneta Group Investment Advisors LLC increased its position in shares of Church & Dwight by 106,565.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock valued at $539,200,000 after buying an additional 6,682,725 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Church & Dwight by 89.1% in the third quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after buying an additional 2,839,783 shares in the last quarter. Norges Bank purchased a new position in shares of Church & Dwight in the fourth quarter valued at $192,019,000. Morgan Stanley increased its position in shares of Church & Dwight by 25.8% in the fourth quarter. Morgan Stanley now owns 3,148,588 shares of the company’s stock valued at $253,808,000 after buying an additional 645,291 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Church & Dwight by 31.3% in the first quarter. Bank of America Corp DE now owns 2,301,313 shares of the company’s stock valued at $203,459,000 after buying an additional 548,298 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup cut Church & Dwight from a “neutral” rating to a “sell” rating and set a $90.00 price target for the company. in a research report on Wednesday, December 13th. The Goldman Sachs Group started coverage on Church & Dwight in a research report on Friday, March 1st. They set a “buy” rating and a $110.00 price objective for the company. Royal Bank of Canada lifted their price objective on Church & Dwight from $94.00 to $103.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. TheStreet raised shares of Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Finally, Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.80.

Read Our Latest Stock Report on CHD

Church & Dwight Stock Down 1.4 %

Shares of NYSE:CHD opened at $103.17 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $105.67. The stock has a market capitalization of $25.16 billion, a P/E ratio of 33.94, a PEG ratio of 3.60 and a beta of 0.53. The stock has a 50-day simple moving average of $101.28 and a 200-day simple moving average of $95.73.

Church & Dwight (NYSE:CHDGet Free Report) last issued its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) 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 business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio is currently 37.17%.

Insiders Place Their Bets

In other Church & Dwight news, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $451,551.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Church & Dwight news, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $451,551.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. Insiders sold a total of 373,052 shares of company stock worth $38,603,796 in the last 90 days. 2.00% of the stock is owned by company insiders.

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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