The Manufacturers Life Insurance Company purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 122,548 shares of the company’s stock, valued at approximately $11,872,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Church & Dwight at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in Church & Dwight during the 4th quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Church & Dwight in the second quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $26,000. DV Equities LLC bought a new stake in shares of Church & Dwight in the fourth quarter worth $28,000. Finally, GW&K Investment Management LLC lifted its position in shares of Church & Dwight by 83.0% in the fourth quarter. GW&K Investment Management LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 156 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Price Performance
Shares of CHD opened at $101.31 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $99.08 and its 200 day simple moving average is $97.72. 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 cap of $24.03 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 3.74 and a beta of 0.47.
Church & Dwight Dividend Announcement
The firm 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. The ex-dividend date is Friday, August 14th. This represents a $1.23 dividend on an annualized basis and a yield of 1.2%. Church & Dwight’s dividend payout ratio (DPR) is presently 39.55%.
Insider Buying and Selling at Church & Dwight
In other Church & Dwight news, EVP Carlos G. Linares sold 15,375 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $102.00, for a total transaction of $1,568,250.00. Following the transaction, the executive vice president owned 4,668 shares of the company’s stock, valued at $476,136. The trade was a 76.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur B. Winkleblack sold 13,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.83, for a total value of $1,357,356.00. Following the completion of the sale, the director owned 7,129 shares in the company, valued at $733,075.07. This represents a 64.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 94,970 shares of company stock valued at $9,568,872 in the last three months. Corporate insiders own 2.00% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have issued reports on CHD. TD Cowen set a $97.00 price target on shares of Church & Dwight and gave the company a “hold” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Wells Fargo & Company restated an “overweight” rating and issued a $110.00 price objective (up from $105.00) on shares of Church & Dwight in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $109.00 target price on shares of Church & Dwight in a 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 data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.41.
Check Out Our Latest Stock Report 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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