American International Group Inc. Has $8.67 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

American International Group Inc. raised its stake in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,726 shares of the company’s stock after acquiring an additional 799 shares during the period. American International Group Inc.’s holdings in Church & Dwight were worth $8,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHD. Chilton Capital Management LLC lifted its holdings in shares of Church & Dwight by 50.0% in the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares during the last quarter. Global Retirement Partners LLC boosted its position in Church & Dwight by 14.7% in the fourth quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock valued at $87,000 after buying an additional 113 shares in the last quarter. Gateway Advisory LLC grew its stake in shares of Church & Dwight by 4.4% during the third quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock worth $262,000 after buying an additional 120 shares during the last quarter. Kentucky Retirement Systems increased its holdings in shares of Church & Dwight by 0.6% during the fourth quarter. Kentucky Retirement Systems now owns 19,713 shares of the company’s stock worth $1,864,000 after buying an additional 126 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Church & Dwight by 2.1% during the third quarter. Sunbelt Securities Inc. now owns 6,580 shares of the company’s stock worth $603,000 after buying an additional 137 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Performance

Shares of CHD stock opened at $107.38 on Friday. The firm has a 50 day moving average of $105.47 and a 200-day moving average of $100.62. The company has a market cap of $26.26 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 3.50 and a beta of 0.51. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $108.68.

Church & Dwight (NYSE:CHDGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a $0.2838 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insider Activity

In related news, CEO Matthew Farrell sold 275,000 shares of the 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 transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,703,613.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Church & Dwight news, Director Bradley C. Irwin sold 5,590 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $104.12, for a total transaction of $582,030.80. Following the completion of the sale, the director now directly owns 37,169 shares of the company’s stock, valued at approximately $3,870,036.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $103.83, for a total value of $28,553,250.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. Insiders sold a total of 335,968 shares of company stock worth $35,020,500 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CHD. Truist Financial boosted their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Evercore ISI upped their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. HSBC raised their price objective on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Bank of America boosted their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, Oppenheimer raised their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average price target of $105.56.

Read Our Latest Analysis on CHD

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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