M3 Advisory Group LLC lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 12.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,155 shares of the company’s stock after selling 302 shares during the period. M3 Advisory Group LLC’s holdings in Church & Dwight were worth $207,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH raised its position in Church & Dwight by 451.2% during the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company’s stock worth $8,924,000 after purchasing an additional 66,357 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Church & Dwight by 1,201.4% in the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company’s stock valued at $918,000 after buying an additional 7,701 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Church & Dwight by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company’s stock worth $38,968,000 after acquiring an additional 5,367 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Church & Dwight by 46.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 77,927 shares of the company’s stock worth $8,579,000 after acquiring an additional 24,763 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Church & Dwight by 9.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company’s stock worth $4,137,000 after acquiring an additional 3,254 shares during the period. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Down 0.0%
CHD opened at $87.61 on Monday. The company has a fifty day moving average price of $91.38 and a two-hundred day moving average price of $96.03. Church & Dwight Co., Inc. has a 1-year low of $85.08 and a 1-year high of $116.46. The company has a market cap of $21.34 billion, a P/E ratio of 41.33, a price-to-earnings-growth ratio of 3.65 and a beta of 0.43. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.
Church & Dwight Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is currently 55.66%.
Analyst Ratings Changes
CHD has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. JPMorgan Chase & Co. decreased their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company lowered their target price on shares of Church & Dwight from $108.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Church & Dwight in a research report on Wednesday, October 8th. Finally, Rothschild & Co Redburn downgraded Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 price target for the company. in a report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $100.88.
View Our Latest Research Report on Church & Dwight
Insider Activity at Church & Dwight
In other Church & Dwight news, EVP Michael Read purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the purchase, the executive vice president owned 7,505 shares of the company’s stock, valued at $684,981.35. This trade represents a 36.33% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard A. Dierker acquired 5,470 shares of the stock in a transaction on Tuesday, August 12th. The shares were acquired at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the acquisition, the chief executive officer owned 27,212 shares of the company’s stock, valued at approximately $2,491,802.84. The trade was a 25.16% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 12,879 shares of company stock valued at $1,177,702. 1.20% of the stock is owned by company insiders.
About Church & Dwight
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.
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