Rakuten Investment Management Inc. bought a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 38,750 shares of the company’s stock, valued at approximately $3,794,000.
Several other hedge funds also recently bought and sold shares of the company. Walter Public Investments Inc. bought a new stake in shares of Church & Dwight in the first quarter worth about $5,721,000. Tandem Investment Advisors Inc. lifted its holdings in shares of Church & Dwight by 11.6% during the 4th quarter. Tandem Investment Advisors Inc. now owns 797,733 shares of the company’s stock valued at $66,890,000 after purchasing an additional 82,833 shares in the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of Church & Dwight by 122.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 141,837 shares of the company’s stock valued at $11,893,000 after purchasing an additional 78,107 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Church & Dwight in the 1st quarter valued at approximately $1,129,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Church & Dwight in the 1st quarter valued at approximately $2,382,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Stock Up 0.0%
NYSE:CHD opened at $101.31 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.15. The company has a market cap of $24.03 billion, a PE ratio of 32.58, a PEG ratio of 3.69 and a beta of 0.47. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04. The stock has a 50-day simple moving average of $99.08 and a 200 day simple moving average of $97.71.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 39.55%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on CHD shares. Royal Bank Of Canada increased their target price on Church & Dwight from $114.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Church & Dwight from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. upped their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Wells Fargo & Company reissued an “overweight” rating and set a $110.00 price objective (up from $105.00) on shares of Church & Dwight in a research report on Wednesday, July 8th. Finally, Evercore set a $105.00 price objective 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $104.41.
Get Our Latest Stock Analysis on CHD
Insiders Place Their Bets
In other Church & Dwight news, Director Bradley C. Irwin sold 4,300 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $102.69, for a total transaction of $441,567.00. Following the transaction, the director owned 35,674 shares in the company, valued at $3,663,363.06. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Carlos G. Linares sold 15,375 shares of Church & Dwight stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $103.00, for a total value of $1,583,625.00. Following the sale, the executive vice president directly owned 4,668 shares of the company’s stock, valued at $480,804. This represents a 76.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 94,970 shares of company stock worth $9,568,872 over the last three months. 1.20% of the stock is currently owned by corporate insiders.
Church & Dwight 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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