BDFS Capital LLC purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,327 shares of the company’s stock, valued at approximately $531,000.
Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised 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 worth $1,163,453,000 after purchasing an additional 88,594 shares in the last quarter. Capital International Investors raised its stake in Church & Dwight by 18.1% in the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in Church & Dwight by 24.0% in the fourth 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. Invesco Ltd. boosted its position in Church & Dwight by 5.5% during the 4th quarter. Invesco Ltd. now owns 3,854,060 shares of the company’s stock valued at $323,163,000 after acquiring an additional 200,208 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Church & Dwight by 0.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,341,015 shares of the company’s stock worth $276,101,000 after acquiring an additional 23,677 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Performance
Shares of CHD opened at $95.72 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The stock has a market cap of $22.68 billion, a P/E ratio of 31.49, a P/E/G ratio of 3.49 and a beta of 0.47. The business’s 50 day moving average price is $95.59 and its 200-day moving average price is $93.83. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.04.
Church & Dwight Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. Church & Dwight’s dividend payout ratio is currently 40.46%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. The Goldman Sachs Group reissued a “buy” rating and set a $111.00 price objective on shares of Church & Dwight in a research report on Friday, May 29th. TD Cowen boosted their target price on shares of Church & Dwight from $99.00 to $112.00 and gave the company a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $114.00 target price on shares of Church & Dwight in a research report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $109.00 price target on shares of Church & Dwight in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average target price of $102.59.
Read Our Latest Stock Analysis on CHD
Insider Activity
In other news, Director Penry W. Price sold 5,960 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $94.86, for a total transaction of $565,365.60. Following the completion of the transaction, the director directly owned 30,070 shares in the company, valued at $2,852,440.20. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of Church & Dwight stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $98.00, for a total value of $1,270,080.00. Following the completion of the transaction, the director directly owned 13,653 shares of the company’s stock, valued at approximately $1,337,994. This represents a 48.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 47,680 shares of company stock valued at $4,672,190. 2.00% of the stock is currently owned by insiders.
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.
Recommended Stories
- Five stocks we like better than Church & Dwight
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD – Free Report).
Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.
