Relyea Zuckerberg Hanson LLC lessened its position in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,621 shares of the company's stock after selling 439 shares during the period. Relyea Zuckerberg Hanson LLC's holdings in Church & Dwight were worth $428,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CHD. Norges Bank acquired a new stake in Church & Dwight during the fourth quarter worth approximately $203,912,000. ProShare Advisors LLC grew its stake in Church & Dwight by 2,289.4% during the first quarter. ProShare Advisors LLC now owns 1,574,224 shares of the company's stock worth $156,447,000 after purchasing an additional 1,508,341 shares during the period. BlackRock Inc. grew its stake in Church & Dwight by 2.8% during the fourth quarter. BlackRock Inc. now owns 19,102,645 shares of the company's stock worth $1,958,022,000 after purchasing an additional 514,589 shares during the period. JPMorgan Chase & Co. grew its stake in Church & Dwight by 138.8% during the first quarter. JPMorgan Chase & Co. now owns 885,081 shares of the company's stock worth $87,958,000 after purchasing an additional 514,497 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Church & Dwight by 278.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 643,901 shares of the company's stock worth $66,000,000 after purchasing an additional 473,680 shares during the period. Institutional investors and hedge funds own 82.59% of the company's stock.
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CHD stock opened at $75.22 on Friday. Church & Dwight Co., Inc. has a twelve month low of $74.16 and a twelve month high of $105.28. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock's 50 day moving average is $85.73 and its 200-day moving average is $91.78. The firm has a market capitalization of $18.27 billion, a PE ratio of 23.88, a P/E/G ratio of 3.75 and a beta of 0.35.
Church & Dwight (NYSE:CHD – Get Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.34 billion. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. Church & Dwight's revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share. Sell-side analysts expect that Church & Dwight Co., Inc. will post 2.97 EPS for the current fiscal year.Church & Dwight Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, August 12th. Church & Dwight's payout ratio is 33.33%.
Insider Activity at Church & Dwight
In related news, EVP Rene Hemsey sold 5,000 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.77, for a total transaction of $383,850.00. Following the completion of the sale, the executive vice president now directly owns 6,259 shares of the company's stock, valued at $480,503.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Church & Dwight from $104.00 to $93.00 and set a "neutral" rating for the company in a research note on Wednesday, August 3rd. Bank of America started coverage on Church & Dwight in a research note on Wednesday, September 14th. They set an "underperform" rating for the company. UBS Group cut their price target on Church & Dwight from $104.00 to $98.00 and set a "neutral" rating on the stock in a report on Monday, August 1st. Truist Financial lowered Church & Dwight from a "buy" rating to a "hold" rating in a report on Thursday, September 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Church & Dwight from $93.00 to $90.00 in a report on Wednesday, September 7th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and an average price target of $91.64.
Church & Dwight Company Profile
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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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