Vanguard Group Inc. reduced its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 31,146,773 shares of the company’s stock after selling 683,756 shares during the quarter. Vanguard Group Inc. owned about 0.13% of Church & Dwight worth $2,729,392,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Church & Dwight during the 2nd quarter worth $303,907,000. Thrivent Financial for Lutherans boosted its stake in shares of Church & Dwight by 3,269.4% during the second quarter. Thrivent Financial for Lutherans now owns 896,306 shares of the company’s stock worth $86,134,000 after buying an additional 869,705 shares during the period. Invesco Ltd. grew its holdings in shares of Church & Dwight by 25.1% during the second quarter. Invesco Ltd. now owns 3,510,113 shares of the company’s stock worth $337,357,000 after buying an additional 703,171 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Church & Dwight by 526.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 648,870 shares of the company’s stock valued at $62,363,000 after acquiring an additional 545,318 shares during the period. Finally, Scopus Asset Management L.P. acquired a new position in Church & Dwight in the 2nd quarter valued at about $52,050,000. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Price Performance
Church & Dwight stock opened at $102.70 on Thursday. The company has a market cap of $24.31 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46. Church & Dwight Co., Inc. has a one year low of $81.33 and a one year high of $116.46. The business has a fifty day moving average of $90.71 and a two-hundred day moving average of $89.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.07.
Church & Dwight Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 1.2%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 13th. Church & Dwight’s dividend payout ratio is currently 40.73%.
Analyst Ratings Changes
A number of research firms have weighed in on CHD. JPMorgan Chase & Co. raised Church & Dwight from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $92.00 to $100.00 in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Church & Dwight in a report on Monday, December 22nd. Barclays set a $82.00 price objective on shares of Church & Dwight and gave the company an “underweight” rating in a research report on Tuesday, November 4th. UBS Group set a $92.00 price objective on shares of Church & Dwight and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley set a $105.00 target price on shares of Church & Dwight and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.00.
View Our Latest Research Report on Church & Dwight
Insiders Place Their Bets
In other Church & Dwight news, Director Janet S. Vergis sold 12,960 shares of Church & Dwight stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the completion of the transaction, the director owned 17,102 shares in the company, valued at approximately $1,727,302. The trade was a 43.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
About Church & Dwight
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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