UniSuper Management Pty Ltd Increases Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

UniSuper Management Pty Ltd increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 23.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,247 shares of the company’s stock after acquiring an additional 4,927 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Church & Dwight were worth $2,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHD. Vanguard Group Inc. increased its stake in Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock valued at $3,213,661,000 after purchasing an additional 193,602 shares during the period. State Street Corp grew its holdings in shares of Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after buying an additional 969,006 shares during the last quarter. JPMorgan Chase & Co. increased its position in Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock valued at $768,157,000 after acquiring an additional 1,190,154 shares during the period. Stifel Financial Corp raised its stake in Church & Dwight by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock valued at $449,830,000 after acquiring an additional 21,607 shares during the last quarter. Finally, Amundi lifted its position in Church & Dwight by 13.7% during the 4th quarter. Amundi now owns 1,833,603 shares of the company’s stock worth $188,073,000 after acquiring an additional 220,829 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,570 shares of company stock valued at $7,538,449. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHD. Barclays boosted their target price on Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a report on Thursday. Stifel Nicolaus upped their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, Piper Sandler reduced their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $111.81.

Church & Dwight Price Performance

Church & Dwight stock opened at $109.14 on Friday. The firm’s 50-day moving average is $107.65 and its two-hundred day moving average is $105.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The stock has a market capitalization of $26.86 billion, a P/E ratio of 46.05, a P/E/G ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the prior year, the company earned $0.65 earnings per share. Equities analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.