Northeast Investment Management decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,195 shares of the company’s stock after selling 6,128 shares during the period. Northeast Investment Management’s holdings in Church & Dwight were worth $4,712,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. increased its holdings in Church & Dwight by 101.3% during the third quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock valued at $28,000 after buying an additional 162 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Church & Dwight by 58.1% in the third quarter. CVA Family Office LLC now owns 332 shares of the company’s stock worth $29,000 after purchasing an additional 122 shares in the last quarter. Field & Main Bank bought a new stake in Church & Dwight in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Church & Dwight during the 3rd quarter valued at about $30,000. Finally, First Horizon Corp bought a new position in shares of Church & Dwight during the 3rd quarter valued at about $32,000. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Up 3.2%
Shares of Church & Dwight stock opened at $93.59 on Wednesday. The firm’s 50 day moving average price is $95.86 and its 200-day moving average price is $91.64. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04. The company has a market cap of $22.18 billion, a P/E ratio of 30.79, a PEG ratio of 3.29 and a beta of 0.48.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a $0.3075 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight’s payout ratio is presently 40.46%.
Insider Activity
In other news, Director Penry W. Price sold 7,000 shares of Church & Dwight stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $100.58, for a total value of $704,060.00. Following the transaction, the director owned 30,070 shares of the company’s stock, valued at $3,024,440.60. The trade was a 18.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities analysts have commented on CHD shares. Morgan Stanley set a $105.00 price objective on shares of Church & Dwight and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Barclays lowered their target price on shares of Church & Dwight from $85.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Rothschild & Co Redburn set a $91.00 price target on shares of Church & Dwight and gave the stock a “neutral” rating in a research note on Friday, February 13th. UBS Group reaffirmed a “neutral” rating and issued a $100.00 price target (up from $98.00) on shares of Church & Dwight in a research note on Monday, May 4th. Finally, Evercore set a $105.00 target price on shares of Church & Dwight in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.53.
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.
Read More
- Five stocks we like better than Church & Dwight
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
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.
