Fulton Breakefield Broenniman LLC lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 75.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,358 shares of the company’s stock after selling 84,012 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Church & Dwight were worth $2,294,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC lifted its position 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 during the last quarter. Ameriflex Group Inc. lifted its position in Church & Dwight by 101.3% in the third quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 162 shares during the last quarter. CVA Family Office LLC raised its holdings 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 valued at $29,000 after acquiring an additional 122 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Church & Dwight during the third quarter valued at approximately $30,000. Finally, First Horizon Corp bought a new position in shares of Church & Dwight during the third quarter valued at approximately $32,000. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Price Performance
Shares of CHD stock opened at $93.15 on Tuesday. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 3.43 and a beta of 0.48. The business’s fifty day moving average is $98.44 and its 200 day moving average is $90.46. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $107.05. The company has a quick ratio of 0.71, a current ratio of 1.07 and a debt-to-equity ratio of 0.55.
Church & Dwight Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a $0.3075 dividend. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.30. This represents a $1.23 annualized dividend and a yield of 1.3%. Church & Dwight’s payout ratio is currently 40.73%.
Insiders Place Their Bets
In other news, Director Penry W. Price sold 7,000 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total value of $704,060.00. Following the sale, the director directly owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. This represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Janet S. Vergis sold 12,960 shares of the stock in a transaction on Wednesday, February 4th. The stock was 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 directly owned 17,102 shares in the company, valued at approximately $1,727,302. This represents a 43.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.00% of the company’s stock.
Analysts Set New Price Targets
CHD has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $110.00 target price on Church & Dwight in a report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Church & Dwight in a report on Monday, December 22nd. Jefferies Financial Group upped their target price on Church & Dwight from $102.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Rothschild & Co Redburn set a $91.00 target price on Church & Dwight and gave the company a “neutral” rating in a report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $100.00 target price (down from $102.00) on shares of Church & Dwight in a report on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $101.88.
View Our Latest Research 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.
See Also
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