Jefferies Financial Group Inc. increased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 61.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,592 shares of the company’s stock after acquiring an additional 8,592 shares during the period. Jefferies Financial Group Inc.’s holdings in Church & Dwight were worth $1,894,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of CHD. Candlestick Capital Management LP bought a new stake in Church & Dwight during the third quarter worth about $75,506,000. Northwestern Mutual Wealth Management Co. increased its holdings in Church & Dwight by 16,363.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 773,283 shares of the company’s stock worth $64,840,000 after buying an additional 768,586 shares during the last quarter. Scopus Asset Management L.P. acquired a new position in Church & Dwight during the second quarter worth $52,050,000. Qube Research & Technologies Ltd increased its holdings in Church & Dwight by 486.4% during the third quarter. Qube Research & Technologies Ltd now owns 586,939 shares of the company’s stock worth $51,433,000 after buying an additional 486,850 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Church & Dwight by 1,659.7% during the third quarter. First Trust Advisors LP now owns 461,310 shares of the company’s stock worth $40,425,000 after buying an additional 435,094 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Up 1.5%
Shares of Church & Dwight stock opened at $98.15 on Thursday. The business has a fifty day simple moving average of $94.81 and a two-hundred day simple moving average of $92.46. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $106.04. The company has a market capitalization of $23.26 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 3.51 and a beta of 0.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.81.
Church & Dwight Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. Church & Dwight’s dividend payout ratio is currently 40.46%.
Insiders Place Their Bets
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the stock in a transaction dated 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 directly owned 30,070 shares of the company’s stock, valued at $3,024,440.60. This represents a 18.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
CHD has been the topic of a number of recent analyst reports. Morgan Stanley set a $105.00 target price on shares of Church & Dwight and gave the stock an “equal weight” rating in a report on Monday, February 2nd. UBS Group reiterated a “neutral” rating and set a $100.00 price target (up from $98.00) on shares of Church & Dwight in a report on Monday, May 4th. Jefferies Financial Group lifted their price target on Church & Dwight from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Evercore set a $105.00 price target on Church & Dwight in a report on Monday, May 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $114.00 price target (up from $112.00) on shares of Church & Dwight in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $102.53.
View Our Latest Stock Analysis on Church & Dwight
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.
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