Varma Mutual Pension Insurance Co lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 9.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 100,599 shares of the company’s stock after acquiring an additional 8,400 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Church & Dwight were worth $8,815,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CHD. True Wealth Design LLC raised its position in Church & Dwight by 935.5% in the 3rd quarter. True Wealth Design LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares during the period. CVA Family Office LLC grew its stake in shares of Church & Dwight by 58.1% during the third quarter. CVA Family Office LLC now owns 332 shares of the company’s stock valued at $29,000 after buying an additional 122 shares during the last quarter. First Horizon Corp purchased a new position in shares of Church & Dwight in the third quarter worth about $32,000. Winnow Wealth LLC bought a new stake in shares of Church & Dwight in the 3rd quarter valued at about $46,000. Finally, Kennebec Savings Bank boosted its holdings in Church & Dwight by 49.7% during the 3rd quarter. Kennebec Savings Bank now owns 675 shares of the company’s stock valued at $59,000 after acquiring an additional 224 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Stock Up 1.4%
Shares of Church & Dwight stock opened at $101.42 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $116.46. The company has a market cap of $24.35 billion, a P/E ratio of 33.58, a PEG ratio of 3.68 and a beta of 0.46. The company’s fifty day simple moving average is $89.58 and its two-hundred day simple moving average is $89.14.
Church & Dwight Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a dividend of $0.3075 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 13th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. Church & Dwight’s dividend payout ratio (DPR) is currently 40.73%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on CHD shares. Citigroup reaffirmed a “neutral” rating and issued a $100.00 price target (up from $87.00) on shares of Church & Dwight in a research note on Monday, February 2nd. Rothschild & Co Redburn set a $91.00 target price on shares of Church & Dwight and gave the stock a “neutral” rating in a research note on Friday. UBS Group set a $92.00 price target on shares of Church & Dwight and gave the company a “neutral” rating in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $100.00 price target (down previously from $102.00) on shares of Church & Dwight in a report on Wednesday, December 10th. Finally, Barclays set a $82.00 price objective on shares of Church & Dwight and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.71.
Get Our Latest Stock Analysis on Church & Dwight
Insider Activity
In other news, Director Janet S. Vergis sold 12,960 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $101.00, for a total value of $1,308,960.00. Following the completion of the transaction, the director owned 17,102 shares in the company, valued at $1,727,302. This trade represents a 43.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
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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