Pinnacle Associates Ltd. Grows Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Pinnacle Associates Ltd. boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 13.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,717 shares of the company’s stock after purchasing an additional 444 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Church & Dwight were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Church & Dwight by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 29,910,126 shares of the company’s stock valued at $2,740,665,000 after purchasing an additional 145,390 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Church & Dwight by 2.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company’s stock valued at $751,405,000 after purchasing an additional 217,047 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Church & Dwight by 106,565.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock valued at $539,200,000 after purchasing an additional 6,682,725 shares during the last quarter. JPMorgan Chase & Co. grew its position in Church & Dwight by 89.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after purchasing an additional 2,839,783 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Church & Dwight by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 5,267,195 shares of the company’s stock valued at $464,667,000 after purchasing an additional 92,964 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

CHD stock opened at $103.17 on Thursday. The business has a 50-day moving average price of $101.28 and a 200 day moving average price of $95.73. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year 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 company has a market capitalization of $25.16 billion, a P/E ratio of 34.17, a PEG ratio of 3.61 and a beta of 0.53.

Church & Dwight (NYSE:CHDGet Free Report) last issued its quarterly earnings results 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 business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Increases Dividend

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

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $451,551.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of 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 is available at the SEC website. Also, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction dated 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 sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 373,052 shares of company stock worth $38,603,796. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CHD shares. UBS Group increased their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Citigroup cut shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $90.00 target price on the stock. in a research note on Wednesday, December 13th. JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $87.00 to $95.00 and gave the company an “underweight” rating in a research note on Thursday, January 18th. Royal Bank of Canada upped their target price on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Finally, Truist Financial upped their target price on shares of Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $102.80.

Read Our Latest Report on CHD

Church & Dwight Profile

(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.

See Also

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

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