ProShare Advisors LLC lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,767,767 shares of the company’s stock after buying an additional 176,037 shares during the period. ProShare Advisors LLC owned approximately 0.74% of Church & Dwight worth $154,909,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Church & Dwight by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock valued at $2,672,000 after acquiring an additional 945 shares during the period. Empowered Funds LLC grew its stake in Church & Dwight by 18.4% during the first quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock worth $726,000 after buying an additional 1,024 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Church & Dwight in the second quarter worth $254,000. Ameritas Advisory Services LLC purchased a new position in shares of Church & Dwight in the 2nd quarter valued at $76,000. Finally, Maryland State Retirement & Pension System lifted its holdings in shares of Church & Dwight by 5.0% during the 2nd quarter. Maryland State Retirement & Pension System now owns 11,971 shares of the company’s stock valued at $1,151,000 after acquiring an additional 567 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Trading Up 0.1%
Shares of CHD opened at $100.66 on Monday. Church & Dwight Co., Inc. has a one year low of $81.33 and a one year high of $116.46. The stock has a 50-day moving average price of $88.01 and a 200 day moving average price of $88.93. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.07. The company has a market capitalization of $24.17 billion, a P/E ratio of 33.33, a P/E/G ratio of 3.70 and a beta of 0.46.
Church & Dwight Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.3075 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 13th. This represents a $1.23 dividend on an annualized basis and a yield of 1.2%. Church & Dwight’s payout ratio is currently 39.07%.
Insiders Place Their Bets
In other news, Director Janet S. Vergis sold 12,960 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $101.00, for a total value of $1,308,960.00. Following the completion of the sale, the director owned 17,102 shares of the company’s stock, valued at approximately $1,727,302. The trade was a 43.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on CHD. TD Cowen reiterated a “hold” rating on shares of Church & Dwight in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Church & Dwight in a research note on Monday, December 22nd. Argus reduced their price target on Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Jefferies Financial Group upped their price target on Church & Dwight from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Citigroup reiterated a “neutral” rating and set a $100.00 price objective (up previously from $87.00) on shares of Church & Dwight in a research note on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $100.24.
Get Our Latest Report on Church & Dwight
Church & Dwight Company Profile
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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