Pittenger & Anderson Inc. reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 10.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 49,644 shares of the company’s stock after selling 5,843 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Church & Dwight were worth $4,633,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CHD. Norges Bank bought a new stake in shares of Church & Dwight in the fourth quarter worth $269,789,000. Capital International Investors lifted its holdings in Church & Dwight by 18.1% during the 4th quarter. Capital International Investors now owns 11,302,929 shares of the company’s stock worth $947,820,000 after buying an additional 1,734,801 shares during the period. JPMorgan Chase & Co. lifted its holdings in Church & Dwight by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,610,224 shares of the company’s stock worth $638,117,000 after buying an additional 1,473,894 shares during the period. FIL Ltd grew its position in shares of Church & Dwight by 707.4% in the 4th quarter. FIL Ltd now owns 1,220,172 shares of the company’s stock valued at $102,311,000 after buying an additional 1,069,051 shares during the last quarter. Finally, Candlestick Capital Management LP bought a new stake in shares of Church & Dwight in the 3rd quarter valued at about $75,506,000. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Up 0.7%
Shares of CHD stock traded up $0.69 during trading hours on Friday, hitting $96.36. 1,368,802 shares of the company were exchanged, compared to its average volume of 1,872,933. Church & Dwight Co., Inc. has a fifty-two week low of $81.33 and a fifty-two week high of $106.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22. The firm has a market cap of $22.83 billion, a P/E ratio of 31.70, a P/E/G ratio of 3.46 and a beta of 0.47. The company has a 50 day simple moving average of $96.26 and a two-hundred day simple moving average of $95.23.
Church & Dwight Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.3075 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.23 annualized dividend and a yield of 1.3%. Church & Dwight’s dividend payout ratio is presently 40.46%.
Insiders Place Their Bets
In other Church & Dwight news, EVP Carlos G. Linares sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $99.71, for a total value of $997,100.00. Following the completion of the sale, the executive vice president owned 4,668 shares of the company’s stock, valued at approximately $465,446.28. This trade represents a 68.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Shearer sold 8,600 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total value of $842,542.00. Following the sale, the director owned 30,678 shares of the company’s stock, valued at approximately $3,005,523.66. This represents a 21.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 47,680 shares of company stock valued at $4,672,190. 2.00% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
CHD has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $111.00 price objective on shares of Church & Dwight in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Church & Dwight from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $110.00 price objective (up from $105.00) on shares of Church & Dwight in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.88.
Read Our Latest 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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