Bryce Point Capital LLC acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,992 shares of the company’s stock, valued at approximately $525,000.
Several other hedge funds have also recently modified their holdings of CHD. True Wealth Design LLC grew 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 in the last quarter. CVA Family Office LLC lifted its position in shares of Church & Dwight by 58.1% during the third quarter. CVA Family Office LLC now owns 332 shares of the company’s stock worth $29,000 after purchasing an additional 122 shares during the last quarter. First Horizon Corp bought a new stake in Church & Dwight during the 3rd quarter valued at about $32,000. Winnow Wealth LLC bought a new stake in shares of Church & Dwight during the third quarter valued at approximately $46,000. Finally, Kennebec Savings Bank lifted its holdings in shares of Church & Dwight by 49.7% in the 3rd quarter. Kennebec Savings Bank now owns 675 shares of the company’s stock worth $59,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Stock Performance
Church & Dwight stock opened at $98.42 on Tuesday. The stock has a market cap of $23.63 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 3.70 and a beta of 0.46. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 0.71. Church & Dwight Co., Inc. has a 1-year low of $81.33 and a 1-year high of $116.46. The firm has a 50 day simple moving average of $88.28 and a 200-day simple moving average of $88.94.
Church & Dwight Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 1.2%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 13th. Church & Dwight’s dividend payout ratio is currently 39.07%.
Insider Activity
In other Church & Dwight news, Director Janet S. Vergis sold 12,960 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the transaction, the director owned 17,102 shares of the company’s stock, valued at approximately $1,727,302. This trade represents a 43.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Church & Dwight in a research note on Monday, December 22nd. Jefferies Financial Group boosted their price objective on shares of Church & Dwight from $102.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Argus dropped their target price 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. Citigroup reaffirmed a “neutral” rating and set a $100.00 price target (up from $87.00) on shares of Church & Dwight in a research report on Monday, February 2nd. Finally, Evercore raised their price objective on shares of Church & Dwight from $101.00 to $103.00 and gave the stock an “in-line” rating in a research note on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $100.24.
Read Our Latest Stock Analysis on CHD
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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