Rakuten Investment Management Inc. purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,750 shares of the company’s stock, valued at approximately $3,794,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Church & Dwight during the second quarter worth about $2,174,535,000. State Street Corp increased its holdings in Church & Dwight by 0.6% in the 4th quarter. State Street Corp now owns 13,875,412 shares of the company’s stock valued at $1,163,453,000 after buying an additional 88,594 shares during the period. Capital International Investors increased its holdings in Church & Dwight by 18.1% in the 4th quarter. Capital International Investors now owns 11,302,929 shares of the company’s stock valued at $947,820,000 after buying an additional 1,734,801 shares during the period. JPMorgan Chase & Co. raised its position in shares of Church & Dwight by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,610,224 shares of the company’s stock valued at $638,117,000 after buying an additional 1,473,894 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Church & Dwight by 51.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company’s stock valued at $468,902,000 after buying an additional 1,709,090 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Stock Up 0.0%
Shares of NYSE CHD opened at $101.31 on Monday. The company has a 50 day simple moving average of $99.08 and a 200 day simple moving average of $97.71. The firm has a market cap of $24.03 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 3.69 and a beta of 0.47. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $106.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.15 and a quick ratio of 0.69.
Church & Dwight Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Church & Dwight’s payout ratio is 39.55%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on CHD shares. JPMorgan Chase & Co. upped their target price on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Evercore set a $105.00 price target on Church & Dwight in a research note on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price target on shares of Church & Dwight in a report on Monday, August 3rd. TD Cowen set a $97.00 price objective on Church & Dwight and gave the stock a “hold” rating in a research report on Monday, August 3rd. Finally, 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, July 8th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $104.41.
Get Our Latest Analysis on Church & Dwight
Insider Buying and Selling
In related news, Director Robert K. Shearer sold 8,600 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $97.97, for a total transaction of $842,542.00. Following the completion of the transaction, the director directly owned 30,678 shares of the company’s stock, valued at $3,005,523.66. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur B. Winkleblack sold 13,200 shares of Church & Dwight stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.83, for a total value of $1,357,356.00. Following the transaction, the director directly owned 7,129 shares in the company, valued at $733,075.07. The trade was a 64.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 94,970 shares of company stock valued at $9,568,872 over the last quarter. 1.20% of the stock is currently owned by company insiders.
Church & Dwight Company 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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