Assenagon Asset Management S.A. increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,582 shares of the company’s stock after acquiring an additional 64,218 shares during the quarter. Assenagon Asset Management S.A. owned about 0.15% of Church & Dwight worth $29,312,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in 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. Ameriflex Group Inc. boosted its position in shares of Church & Dwight by 101.3% during the third quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock worth $28,000 after purchasing an additional 162 shares in the last quarter. CVA Family Office LLC grew its holdings in shares of Church & Dwight by 58.1% in the 3rd quarter. CVA Family Office LLC now owns 332 shares of the company’s stock valued at $29,000 after buying an additional 122 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Church & Dwight in the 3rd quarter valued at $30,000. Finally, First Horizon Corp bought a new stake in shares of Church & Dwight in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Price Performance
Shares of NYSE CHD opened at $94.32 on Thursday. The company has a fifty day moving average price of $98.16 and a 200 day moving average price of $90.45. The firm has a market cap of $22.34 billion, a PE ratio of 31.23, a PEG ratio of 3.47 and a beta of 0.45. The company has a current ratio of 1.07, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Church & Dwight Co., Inc. has a 1-year low of $81.33 and a 1-year high of $113.91.
Church & Dwight Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a $0.3075 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.30. Church & Dwight’s payout ratio is 40.73%.
Insider Activity at Church & Dwight
In other Church & Dwight news, Director Janet S. Vergis sold 12,960 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 17,102 shares of the company’s stock, valued at $1,727,302. This represents a 43.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Penry W. Price sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total transaction of $704,060.00. Following the transaction, the director directly owned 30,070 shares of the company’s stock, valued at $3,024,440.60. This represents a 18.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.00% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently commented on CHD shares. Jefferies Financial Group raised their price objective on Church & Dwight from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley set a $105.00 target price on Church & Dwight and gave the company an “equal weight” rating in a research note on Monday, February 2nd. 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. Evercore lifted their price objective on Church & Dwight from $101.00 to $103.00 and gave the company an “in-line” rating in a report on Monday, February 2nd. Finally, TD Cowen boosted their price objective on Church & Dwight from $99.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $101.88.
Check Out Our Latest Report on Church & Dwight
Church & Dwight 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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