one8zero8 LLC bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 16,325 shares of the company’s stock, valued at approximately $1,582,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Church & Dwight in the 2nd quarter worth about $2,174,535,000. Norges Bank acquired a new stake in Church & Dwight in the fourth quarter valued at approximately $269,789,000. Capital International Investors increased its position in shares of Church & Dwight by 18.1% in the fourth quarter. Capital International Investors now owns 11,302,929 shares of the company’s stock valued at $947,820,000 after buying an additional 1,734,801 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Church & Dwight by 51.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company’s stock valued at $468,902,000 after buying an additional 1,709,090 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Church & Dwight by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,610,224 shares of the company’s stock worth $638,117,000 after buying an additional 1,473,894 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Stock Performance
Shares of NYSE:CHD opened at $99.19 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.15 and a quick ratio of 0.69. The business’s 50 day moving average price is $98.52 and its 200-day moving average price is $97.61. The firm has a market capitalization of $23.53 billion, a PE ratio of 31.89, a P/E/G ratio of 3.62 and a beta of 0.47. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $106.04.
Church & Dwight Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. Church & Dwight’s dividend payout ratio is presently 39.55%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Weiss Ratings upgraded Church & Dwight from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of Church & Dwight in a report on Monday, August 3rd. Barclays lifted their target price on shares of Church & Dwight from $79.00 to $86.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Sunday. Nine investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.41.
Read Our Latest Stock Report on CHD
Insiders Place Their Bets
In related news, Director Robert K. Shearer sold 8,600 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the transaction, the director directly owned 30,678 shares in the company, valued at approximately $3,005,523.66. The trade was a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Carlos G. Linares sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $99.71, for a total transaction of $997,100.00. Following the sale, the executive vice president directly owned 4,668 shares of the company’s stock, valued at approximately $465,446.28. This represents a 68.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 59,220 shares of company stock valued at $5,905,747. Corporate insiders own 2.00% of the company’s stock.
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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