Sustainable Insight Capital Management LLC lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 51.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,428 shares of the company’s stock after selling 5,755 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Church & Dwight were worth $522,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Church & Dwight during the 1st quarter valued at about $106,736,000. Vanguard Group Inc. grew its position in shares of Church & Dwight by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company’s stock worth $3,461,410,000 after buying an additional 750,575 shares during the period. American Century Companies Inc. raised its stake in shares of Church & Dwight by 48.3% during the first quarter. American Century Companies Inc. now owns 2,115,040 shares of the company’s stock worth $232,845,000 after buying an additional 688,863 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Church & Dwight in the first quarter valued at approximately $35,521,000. Finally, Citigroup Inc. lifted its holdings in Church & Dwight by 143.1% in the first quarter. Citigroup Inc. now owns 541,393 shares of the company’s stock valued at $59,602,000 after buying an additional 318,706 shares during the period. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Down 0.6%
Shares of NYSE:CHD opened at $86.17 on Friday. The firm has a market cap of $20.69 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 3.52 and a beta of 0.42. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $116.46. The company’s fifty day simple moving average is $88.89 and its 200 day simple moving average is $93.58. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50.
Church & Dwight Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.295 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.4%. Church & Dwight’s dividend payout ratio (DPR) is 37.11%.
Analyst Ratings Changes
CHD has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Church & Dwight in a report on Thursday, October 30th. Rothschild & Co Redburn cut Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 target price on the stock. in a report on Monday, July 14th. Evercore ISI decreased their target price on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price target on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a research note on Monday, August 4th. Finally, Redburn Partners set a $83.00 price objective on shares of Church & Dwight in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $99.00.
View Our Latest Research Report on CHD
Insider Transactions at Church & Dwight
In other Church & Dwight news, CEO Richard A. Dierker purchased 5,470 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were purchased at an average cost of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer directly owned 27,212 shares of the company’s stock, valued at $2,491,802.84. This represents a 25.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.
Church & Dwight Company Profile
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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