Y Intercept Hong Kong Ltd purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 25,524 shares of the company’s stock, valued at approximately $2,382,000.
Other hedge funds have also made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Church & Dwight by 57.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 264,643 shares of the company’s stock valued at $24,696,000 after purchasing an additional 96,450 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Church & Dwight in the first quarter valued at $276,000. Keybank National Association OH lifted its position in Church & Dwight by 0.4% during the first quarter. Keybank National Association OH now owns 35,870 shares of the company’s stock worth $3,347,000 after buying an additional 156 shares during the period. Root Financial Partners LLC lifted its position in Church & Dwight by 108.7% during the first quarter. Root Financial Partners LLC now owns 434 shares of the company’s stock worth $41,000 after buying an additional 226 shares during the period. Finally, Mayflower Financial Advisors LLC acquired a new stake in Church & Dwight in the 1st quarter worth about $329,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Price Performance
Shares of Church & Dwight stock opened at $96.22 on Thursday. The stock has a market capitalization of $22.80 billion, a P/E ratio of 31.65, a PEG ratio of 3.56 and a beta of 0.47. The company has a current ratio of 1.22, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $96.28 and its 200 day moving average price is $95.15. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $106.04.
Church & Dwight Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. Church & Dwight’s dividend payout ratio is 40.46%.
Insider Transactions at Church & Dwight
In related news, Director Ravichandra Krishnamu Saligram sold 12,960 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $98.00, for a total value of $1,270,080.00. Following the transaction, the director owned 13,653 shares in the company, valued at approximately $1,337,994. This trade represents a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Carlos G. Linares sold 10,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $99.71, for a total transaction of $997,100.00. Following the transaction, the executive vice president directly owned 4,668 shares in the company, valued at approximately $465,446.28. This trade represents a 68.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 47,680 shares of company stock valued at $4,672,190 in the last three months. 2.00% of the stock is owned by company insiders.
Analysts Set New Price Targets
CHD has been the subject of several recent analyst reports. Wall Street Zen upgraded Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Barclays cut their price objective on shares of Church & Dwight from $85.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, April 14th. JPMorgan Chase & Co. raised their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Evercore set a $105.00 target price on shares of Church & Dwight in a report on Monday, May 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $111.00 price target on shares of Church & Dwight in a research report on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average price target of $102.88.
Get Our Latest Research Report on Church & Dwight
About Church & Dwight
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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