Ceredex Value Advisors LLC increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 9.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 512,655 shares of the company’s stock after acquiring an additional 46,004 shares during the quarter. Church & Dwight comprises approximately 1.0% of Ceredex Value Advisors LLC’s portfolio, making the stock its 28th biggest position. Ceredex Value Advisors LLC owned 0.21% of Church & Dwight worth $44,924,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in CHD. Vanguard Group Inc. lifted its position in shares of Church & Dwight by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 31,830,529 shares of the company’s stock worth $3,059,232,000 after purchasing an additional 388,890 shares during the period. State Street Corp increased its position in shares of Church & Dwight by 3.0% during the second quarter. State Street Corp now owns 13,467,055 shares of the company’s stock valued at $1,294,319,000 after buying an additional 387,667 shares during the period. Capital International Investors raised its stake in Church & Dwight by 0.5% in the third quarter. Capital International Investors now owns 9,568,128 shares of the company’s stock worth $838,252,000 after buying an additional 50,296 shares in the last quarter. Geode Capital Management LLC raised its stake in Church & Dwight by 2.9% in the second quarter. Geode Capital Management LLC now owns 6,290,207 shares of the company’s stock worth $601,991,000 after buying an additional 177,990 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Church & Dwight by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock worth $537,736,000 after buying an additional 175,960 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Up 1.5%
Shares of NYSE:CHD opened at $102.24 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $95.43 and a two-hundred day simple moving average of $90.16. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $116.46. The stock has a market capitalization of $24.20 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 3.71 and a beta of 0.45.
Church & Dwight Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were 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 was Friday, February 13th. Church & Dwight’s dividend payout ratio is presently 40.73%.
Insider Activity
In other news, Director Janet S. Vergis sold 12,960 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the sale, the director owned 17,102 shares in the company, valued at $1,727,302. This represents a 43.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Wells Fargo & Company set a $110.00 price objective on Church & Dwight in a research report on Tuesday, February 17th. Evercore raised their target price on Church & Dwight from $101.00 to $103.00 and gave the company an “in-line” rating in a research note on Monday, February 2nd. Rothschild & Co Redburn set a $91.00 price target on Church & Dwight and gave the company a “neutral” rating in a research report on Friday, February 13th. Raymond James Financial raised Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Monday, January 5th. Finally, Citigroup reiterated a “neutral” rating and issued a $100.00 price objective (up from $87.00) on shares of Church & Dwight in a report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.88.
Get Our Latest Analysis on Church & Dwight
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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