MGO One Seven LLC lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 55.1% in the third quarter, Holdings Channel reports. The institutional investor owned 15,696 shares of the company’s stock after selling 19,283 shares during the period. MGO One Seven LLC’s holdings in Church & Dwight were worth $1,375,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Church & Dwight by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 31,830,529 shares of the company’s stock worth $3,059,232,000 after purchasing an additional 388,890 shares during the last quarter. State Street Corp raised its holdings in Church & Dwight by 3.0% in the second quarter. State Street Corp now owns 13,467,055 shares of the company’s stock worth $1,294,319,000 after purchasing an additional 387,667 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Church & Dwight by 2.9% during the second quarter. Geode Capital Management LLC now owns 6,290,207 shares of the company’s stock valued at $601,991,000 after buying an additional 177,990 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Church & Dwight by 25.1% in the 2nd quarter. Invesco Ltd. now owns 3,510,113 shares of the company’s stock valued at $337,357,000 after buying an additional 703,171 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Church & Dwight by 1.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,317,338 shares of the company’s stock worth $291,660,000 after buying an additional 48,259 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Trading Up 0.2%
Shares of NYSE:CHD opened at $90.38 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. 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 $21.70 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 4.15 and a beta of 0.46. The business has a 50-day moving average price of $84.73 and a 200-day moving average price of $89.37.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were paid a dividend of $0.295 per share. The ex-dividend date was Friday, November 14th. 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 37.11%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CHD. Bank of America decreased 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 report on Wednesday, October 8th. Citigroup raised Church & Dwight from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $85.00 to $87.00 in a research report on Wednesday, December 17th. Argus reduced their target price on Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Jefferies Financial Group set a $102.00 price target on Church & Dwight in a research note on Tuesday, December 16th. Finally, UBS Group set a $92.00 price target on Church & Dwight and gave the stock a “neutral” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $98.65.
Get Our Latest Stock Report on CHD
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.
Further Reading
- Five stocks we like better than Church & Dwight
- Buy Alert: $8 AI Stock
- NEW LAW: Congress Approves Setup For Digital Dollar?
- Trump just signed it
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- Virtually Unknown AI Company Solving Trillion-Dollar Problem
Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD – Free Report).
Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.
