Jacobi Capital Management LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 24.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,612 shares of the company’s stock after buying an additional 711 shares during the quarter. Jacobi Capital Management LLC’s holdings in Church & Dwight were worth $398,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Church & Dwight by 89.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company’s stock valued at $5,567,000 after purchasing an additional 25,080 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Church & Dwight by 451.2% during the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company’s stock valued at $8,924,000 after purchasing an additional 66,357 shares during the period. Penserra Capital Management LLC grew its stake in shares of Church & Dwight by 1,201.4% during the 1st quarter. Penserra Capital Management LLC now owns 8,342 shares of the company’s stock valued at $918,000 after purchasing an additional 7,701 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Church & Dwight by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company’s stock valued at $38,968,000 after purchasing an additional 5,367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Church & Dwight by 9.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company’s stock valued at $4,137,000 after purchasing an additional 3,254 shares during the period. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Price Performance
Shares of CHD stock opened at $93.06 on Friday. The stock’s 50-day moving average is $94.69 and its 200 day moving average is $99.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. Church & Dwight Co., Inc. has a 1-year low of $90.50 and a 1-year high of $116.46. The company has a market cap of $22.67 billion, a P/E ratio of 43.90, a PEG ratio of 3.90 and a beta of 0.44.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 55.66%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Truist Financial set a $110.00 price target on Church & Dwight and gave the company a “buy” rating in a research note on Friday, June 6th. Barclays lowered their price target on Church & Dwight from $84.00 to $83.00 and set an “underweight” rating on the stock in a report on Monday, August 4th. Evercore ISI decreased their price objective on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 4th. Redburn Partners set a $83.00 price objective on Church & Dwight in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. decreased their price target on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating on the stock in a report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $103.94.
View Our Latest Stock Report on Church & Dwight
Insider Buying and Selling
In related news, EVP Carlen Hooker sold 6,380 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $98.30, for a total transaction of $627,154.00. Following the sale, the executive vice president directly owned 262 shares of the company’s stock, valued at $25,754.60. This trade represents a 96.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard A. Dierker acquired 5,470 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was acquired at an average cost of $91.57 per share, for a total transaction of $500,887.90. Following the completion of the acquisition, the chief executive officer owned 27,212 shares of the company’s stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their position. The disclosure for this purchase can be found here. Insiders bought 12,879 shares of company stock valued at $1,177,702 in the last three months. 2.00% of the stock is currently owned by insiders.
Church & Dwight Company Profile
Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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