California Public Employees Retirement System trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 14.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 533,123 shares of the company’s stock after selling 87,885 shares during the period. California Public Employees Retirement System’s holdings in Church & Dwight were worth $49,751,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHD. Assetmark Inc. boosted its holdings in shares of Church & Dwight by 33.5% in the first quarter. Assetmark Inc. now owns 3,778 shares of the company’s stock worth $353,000 after buying an additional 947 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in Church & Dwight by 9.2% during the first quarter. Angeles Wealth Management LLC now owns 4,036 shares of the company’s stock valued at $377,000 after buying an additional 341 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in 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 worth $468,902,000 after acquiring an additional 1,709,090 shares during the period. Wealthfront Advisers LLC raised its position in Church & Dwight by 8.4% in the first quarter. Wealthfront Advisers LLC now owns 125,559 shares of the company’s stock worth $11,717,000 after acquiring an additional 9,679 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Church & Dwight by 0.6% during the 1st quarter. D.A. Davidson & CO. now owns 42,305 shares of the company’s stock worth $3,948,000 after acquiring an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Stock Down 0.3%
Shares of CHD opened at $97.76 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $96.67 and a 200 day moving average of $95.83. The company has a market cap of $23.16 billion, a PE ratio of 32.16, a P/E/G ratio of 3.53 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.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, May 15th. Church & Dwight’s payout ratio is presently 40.46%.
Insider Transactions at Church & Dwight
In other Church & Dwight news, Director Penry W. Price sold 5,960 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $94.86, for a total transaction of $565,365.60. Following the transaction, the director owned 30,070 shares of the company’s stock, valued at approximately $2,852,440.20. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert K. Shearer sold 8,600 shares of Church & Dwight stock in a transaction that occurred on 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 SEC filing for this sale provides additional information. Insiders sold a total of 47,680 shares of company stock valued at $4,672,190 over the last three months. 1.20% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Weiss Ratings raised Church & Dwight from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Evercore set a $105.00 price objective on Church & Dwight in a research report on Monday, May 4th. Barclays cut their price objective on Church & Dwight from $85.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $114.00 target price on shares of Church & Dwight in a research note on Monday, June 1st. 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 company’s stock. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $103.47.
Read Our Latest Stock Report on Church & Dwight
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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