Profund Advisors LLC cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 21.1% during the second quarter, Holdings Channel reports. The fund owned 3,202 shares of the company’s stock after selling 858 shares during the period. Profund Advisors LLC’s holdings in Church & Dwight were worth $308,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. King Luther Capital Management Corp boosted its stake in Church & Dwight by 12.4% in the second quarter. King Luther Capital Management Corp now owns 2,586 shares of the company’s stock worth $249,000 after purchasing an additional 286 shares in the last quarter. PFG Advisors raised its holdings in shares of Church & Dwight by 22.8% in the second quarter. PFG Advisors now owns 54,233 shares of the company’s stock valued at $5,212,000 after buying an additional 10,053 shares during the last quarter. Midwest Trust Co acquired a new position in Church & Dwight during the 2nd quarter worth about $11,651,000. Acadian Asset Management LLC lifted its position in Church & Dwight by 121.9% during the 2nd quarter. Acadian Asset Management LLC now owns 547,601 shares of the company’s stock worth $52,618,000 after buying an additional 300,785 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Church & Dwight by 5.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,963 shares of the company’s stock worth $50,166,000 after acquiring an additional 28,201 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Price Performance
Shares of CHD stock opened at $84.10 on Friday. The firm’s 50 day moving average price is $87.85 and its two-hundred day moving average price is $92.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $116.46. The stock has a market cap of $20.20 billion, a PE ratio of 39.67, a PEG ratio of 3.52 and a beta of 0.42.
Church & Dwight Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.295 per share. The ex-dividend date is Friday, November 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.4%. Church & Dwight’s dividend payout ratio (DPR) is 37.11%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on CHD shares. Bank of America dropped their target price on shares of Church & Dwight from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a research 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, October 8th. Wells Fargo & Company lowered their target price on Church & Dwight from $108.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Evercore ISI dropped their target price on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $99.00.
Check Out Our Latest Research Report on Church & Dwight
About Church & Dwight
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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