Bank Julius Baer & Co. Ltd Zurich reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 89.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,226 shares of the company’s stock after selling 679,636 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Church & Dwight were worth $6,505,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CHD. Ameriflex Group Inc. lifted its stake in shares of Church & Dwight by 101.3% during the 3rd quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock worth $28,000 after buying an additional 162 shares during the last quarter. CVA Family Office LLC grew its stake in Church & Dwight by 58.1% in the 3rd 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. Field & Main Bank bought a new position in Church & Dwight in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new position in Church & Dwight in the 3rd quarter valued at about $30,000. Finally, First Horizon Corp acquired a new stake in Church & Dwight during the third quarter worth approximately $32,000. 86.60% of the stock is owned by institutional investors.
Church & Dwight Stock Performance
NYSE:CHD opened at $94.58 on Friday. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $106.04. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The stock’s 50-day simple moving average is $95.51 and its 200 day simple moving average is $91.76. The firm has a market capitalization of $22.41 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.23 annualized dividend and a yield of 1.3%. Church & Dwight’s dividend payout ratio is presently 40.46%.
Insider Buying and Selling
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $100.58, for a total value of $704,060.00. Following the sale, the director owned 30,070 shares in the company, valued at $3,024,440.60. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Barclays decreased their target price on Church & Dwight from $85.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Evercore set a $105.00 price target on Church & Dwight in a report on Monday, May 4th. Wall Street Zen downgraded Church & Dwight from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company lowered their price objective on Church & Dwight from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, UBS Group reissued a “neutral” rating and set a $100.00 target price (up from $98.00) on shares of Church & Dwight in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $102.53.
Read Our Latest Analysis on Church & Dwight
About Church & Dwight
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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