Mackenzie Financial Corp Sells 2,107 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Mackenzie Financial Corp trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 104,136 shares of the company’s stock after selling 2,107 shares during the period. Mackenzie Financial Corp’s holdings in Church & Dwight were worth $9,847,000 at the end of the most recent reporting period.

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

Insider Activity at Church & Dwight

In related news, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the sale, 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 373,052 shares of company stock worth $38,603,796 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Price Performance

CHD stock opened at $104.35 on Friday. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $105.67. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $102.01 and a 200 day moving average price of $96.50. The stock has a market cap of $25.45 billion, a PE ratio of 34.33, a P/E/G ratio of 3.42 and a beta of 0.53.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The business 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 is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.09%. Church & Dwight’s dividend payout ratio (DPR) is presently 37.17%.

Analyst Upgrades and Downgrades

CHD has been the subject of several research analyst reports. The Goldman Sachs Group began coverage on shares of Church & Dwight in a research note on Friday, March 1st. They set a “buy” rating and a $110.00 target price for the company. Bank of America lifted their price objective on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Barclays lifted their price objective on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. TheStreet raised shares of Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of Church & Dwight from $94.00 to $103.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $103.27.

About Church & Dwight

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.