Mirabella Financial Services LLP increased its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 153.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,778 shares of the company’s stock after acquiring an additional 11,364 shares during the period. Mirabella Financial Services LLP’s holdings in Church & Dwight were worth $1,642,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CHD. Vanguard Group Inc. increased its stake in Church & Dwight by 1.2% in 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 period. State Street Corp boosted its stake in shares of Church & Dwight by 2.4% during the third quarter. State Street Corp now owns 13,786,818 shares of the company’s stock valued at $1,208,139,000 after purchasing an additional 319,763 shares during the period. Capital International Investors grew its holdings in shares of Church & Dwight by 0.5% in the third quarter. Capital International Investors now owns 9,568,128 shares of the company’s stock worth $838,252,000 after purchasing an additional 50,296 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Church & Dwight by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock worth $537,736,000 after purchasing an additional 175,960 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Church & Dwight by 4.1% in the third quarter. Invesco Ltd. now owns 3,653,852 shares of the company’s stock worth $320,187,000 after buying an additional 143,739 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Stock Performance
NYSE:CHD opened at $94.53 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $97.62 and its 200 day simple moving average is $90.47. The stock has a market cap of $22.37 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 3.54 and a beta of 0.45. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $113.91.
Church & Dwight Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 1.3%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 13th. Church & Dwight’s dividend payout ratio (DPR) is 40.73%.
Wall Street Analysts Forecast Growth
CHD has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Church & Dwight in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $100.00 price objective (down from $102.00) on shares of Church & Dwight in a research report on Wednesday, December 10th. Citigroup reaffirmed a “neutral” rating and set a $100.00 price objective (up from $87.00) on shares of Church & Dwight in a research note on Monday, February 2nd. Wells Fargo & Company set a $110.00 target price on shares of Church & Dwight in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. raised Church & Dwight from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $92.00 to $100.00 in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and an average target price of $101.88.
Read Our Latest Analysis on Church & Dwight
Insider Activity
In other news, Director Penry W. Price sold 7,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total value of $704,060.00. Following the completion of the transaction, the director owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. This represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet S. Vergis sold 12,960 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $1,727,302. The trade was a 43.11% decrease in their position. The SEC filing for this sale provides additional information. Company 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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