Vest Financial LLC grew its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 563,653 shares of the company’s stock after acquiring an additional 40,634 shares during the quarter. Vest Financial LLC’s holdings in Church & Dwight were worth $49,393,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in CHD. Generali Asset Management SPA SGR grew its stake in shares of Church & Dwight by 97.1% during the third quarter. Generali Asset Management SPA SGR now owns 34,811 shares of the company’s stock worth $3,050,000 after acquiring an additional 17,145 shares during the last quarter. Boston Trust Walden Corp raised its position in shares of Church & Dwight by 7.8% in the 2nd quarter. Boston Trust Walden Corp now owns 201,620 shares of the company’s stock valued at $19,378,000 after purchasing an additional 14,523 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 purchasing an additional 28,201 shares during the last quarter. Prudential Financial Inc. grew its position in Church & Dwight by 7.4% during the 2nd quarter. Prudential Financial Inc. now owns 141,362 shares of the company’s stock worth $13,586,000 after purchasing an additional 9,795 shares during the last quarter. Finally, Norges Bank acquired a new position in Church & Dwight during the 2nd quarter valued at approximately $303,907,000. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Performance
Shares of CHD stock opened at $91.00 on Wednesday. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $116.46. The company has a quick ratio of 0.66, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. The stock has a market cap of $21.85 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 4.17 and a beta of 0.46. The business has a 50-day simple moving average of $85.06 and a 200-day simple moving average of $89.12.
Church & Dwight Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 37.11%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on CHD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Church & Dwight in a research note on Monday, December 22nd. Barclays set a $82.00 price target on Church & Dwight and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. Argus cut their price objective on Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Jefferies Financial Group set a $102.00 target price on Church & Dwight in a report on Tuesday, December 16th. Finally, Raymond James Financial upgraded Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $98.65.
Check Out Our Latest Report on CHD
Church & Dwight Company 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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