Allstate Corp purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,050 shares of the company’s stock, valued at approximately $793,000.
A number of other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in shares of Church & Dwight by 935.5% in the third quarter. True Wealth Design LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the last quarter. First Horizon Corp purchased a new position in Church & Dwight during the third quarter worth about $32,000. Opal Wealth Advisors LLC bought a new stake in Church & Dwight in the 2nd quarter worth about $45,000. CYBER HORNET ETFs LLC purchased a new stake in Church & Dwight in the 2nd quarter valued at about $62,000. Finally, Kennebec Savings Bank lifted its position in shares of Church & Dwight by 49.7% during the 3rd quarter. Kennebec Savings Bank now owns 675 shares of the company’s stock worth $59,000 after buying an additional 224 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Up 1.3%
CHD stock opened at $92.92 on Friday. The stock has a fifty day moving average of $85.34 and a 200-day moving average of $89.16. Church & Dwight Co., Inc. has a fifty-two week low of $81.33 and a fifty-two week high of $116.46. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 4.27 and a beta of 0.46. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.09.
Church & Dwight Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Church & Dwight’s dividend payout ratio is presently 37.11%.
Wall Street Analyst Weigh In
CHD has been the subject of several recent analyst reports. UBS Group set a $92.00 target price on Church & Dwight and gave the company a “neutral” rating in a report on Wednesday, January 14th. Raymond James Financial raised Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research report on Monday, January 5th. Oppenheimer set a $100.00 price objective on Church & Dwight and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Citigroup raised Church & Dwight from a “sell” rating to a “neutral” rating and raised their target price for the company from $85.00 to $87.00 in a research report on Wednesday, December 17th. Finally, Argus cut their price target on shares of Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.65.
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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