The Manufacturers Life Insurance Company Reduces Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

The Manufacturers Life Insurance Company cut its stake in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,844 shares of the company’s stock after selling 5,638 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Church & Dwight worth $15,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Church & Dwight by 0.5% in 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in 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 acquiring an additional 2,839,783 shares during the last quarter. Stifel Financial Corp lifted its holdings in Church & Dwight by 0.7% in the third quarter. Stifel Financial Corp now owns 4,310,580 shares of the company’s stock valued at $394,982,000 after acquiring an additional 29,943 shares during the last quarter. Morgan Stanley lifted its holdings in Church & Dwight by 1.9% in the third 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 during the last quarter. Finally, Northern Trust Corp lifted its holdings in Church & Dwight by 3.5% in the third quarter. Northern Trust Corp now owns 2,883,056 shares of the company’s stock valued at $264,174,000 after acquiring an additional 98,678 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

NYSE:CHD opened at $107.38 on Monday. The firm has a market capitalization of $26.26 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 3.50 and a beta of 0.51. The business’s fifty day moving average price is $105.47 and its 200 day moving average price is $100.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $108.68.

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

Church & Dwight Announces Dividend

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

Insiders Place Their Bets

In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Penry W. Price sold 7,752 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Barry A. Bruno sold 9,926 shares of the firm’s 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 transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $451,551.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,878 shares of company stock valued at $5,412,719. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CHD shares. Evercore ISI upped their price target on Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Oppenheimer upped their price target on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Argus upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Friday, February 23rd. Truist Financial upped their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average price target of $105.56.

Check Out Our Latest Analysis on Church & Dwight

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

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

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