MSH Capital Advisors LLC trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 14.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,415 shares of the company’s stock after selling 575 shares during the quarter. MSH Capital Advisors LLC’s holdings in Church & Dwight were worth $328,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH raised its holdings in shares of Church & Dwight by 451.2% in the first quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company’s stock worth $8,924,000 after buying an additional 66,357 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Church & Dwight by 1,201.4% in the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company’s stock worth $918,000 after buying an additional 7,701 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Church & Dwight by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company’s stock worth $38,968,000 after buying an additional 5,367 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Church & Dwight by 46.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 77,927 shares of the company’s stock worth $8,579,000 after buying an additional 24,763 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Church & Dwight by 9.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company’s stock worth $4,137,000 after purchasing an additional 3,254 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Stock Down 1.5%
Shares of NYSE CHD opened at $87.58 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $21.34 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 3.67 and a beta of 0.43. The stock’s fifty day simple moving average is $91.51 and its two-hundred day simple moving average is $96.31. Church & Dwight Co., Inc. has a 12-month low of $85.08 and a 12-month high of $116.46.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.295 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is presently 55.66%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating on the stock in a report on Monday, August 4th. UBS Group reduced their price objective on Church & Dwight from $103.00 to $98.00 and set a “neutral” rating on the stock in a report on Wednesday. Bank of America reduced their price objective on Church & Dwight from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI reduced their price objective on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 4th. Finally, Redburn Atlantic cut Church & Dwight from a “hold” rating to a “strong sell” rating in a research report on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $100.88.
Read Our Latest Research Report on Church & Dwight
Insider Transactions at Church & Dwight
In other Church & Dwight news, CEO Richard A. Dierker acquired 5,470 shares of the stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer directly owned 27,212 shares of the company’s stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lee B. Mcchesney acquired 5,409 shares of the stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $91.38 per share, with a total value of $494,274.42. Following the transaction, the executive vice president directly owned 5,409 shares in the company, valued at approximately $494,274.42. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 12,879 shares of company stock valued at $1,177,702 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.
Church & Dwight Profile
Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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