Amiral Gestion purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 74,629 shares of the company’s stock, valued at approximately $6,258,000. Church & Dwight comprises 2.3% of Amiral Gestion’s holdings, making the stock its 13th largest holding.
A number of other hedge funds have also recently made changes to their positions in CHD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Church & Dwight by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock worth $2,672,000 after purchasing an additional 945 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Church & Dwight by 18.4% in the first quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock valued at $726,000 after purchasing an additional 1,024 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Church & Dwight in the second quarter worth $254,000. Prudential Financial Inc. increased its position in Church & Dwight by 7.4% in the second quarter. Prudential Financial Inc. now owns 141,362 shares of the company’s stock worth $13,586,000 after purchasing an additional 9,795 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Church & Dwight by 1.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 22,649 shares of the company’s stock valued at $2,177,000 after purchasing an additional 217 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Price Performance
Church & Dwight stock opened at $94.63 on Friday. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The firm has a 50-day moving average of $98.30 and a two-hundred day moving average of $90.47. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $113.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 0.71.
Church & Dwight Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.30. Church & Dwight’s dividend payout ratio is currently 40.73%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on CHD. Evercore boosted their target price on shares of Church & Dwight from $101.00 to $103.00 and gave the stock an “in-line” rating in a report on Monday, February 2nd. Jefferies Financial Group boosted their price objective on Church & Dwight from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Rothschild & Co Redburn set a $91.00 price objective on Church & Dwight and gave the company a “neutral” rating in a research report on Friday, February 13th. Argus lowered their price objective on Church & Dwight from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Church & Dwight in a research report on Monday, December 22nd. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $101.88.
View Our Latest Analysis on Church & Dwight
Insider Activity
In related news, Director Janet S. Vergis sold 12,960 shares of Church & Dwight stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $101.00, for a total value of $1,308,960.00. Following the completion of the sale, the director directly owned 17,102 shares in the company, valued at $1,727,302. The trade was a 43.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Penry W. Price sold 7,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $100.58, for a total transaction of $704,060.00. Following the transaction, the director owned 30,070 shares in the company, valued at approximately $3,024,440.60. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.00% of the company’s stock.
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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