Mesirow Financial Investment Management Inc. decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 22.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,107 shares of the company’s stock after selling 6,326 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Church & Dwight were worth $1,854,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of CHD. Allworth Financial LP lifted its holdings in Church & Dwight by 3.3% during the 4th quarter. Allworth Financial LP now owns 4,836 shares of the company’s stock worth $405,000 after buying an additional 156 shares during the last quarter. Grey Ledge Advisors LLC increased its holdings in shares of Church & Dwight by 3.2% in the 4th quarter. Grey Ledge Advisors LLC now owns 8,034 shares of the company’s stock valued at $674,000 after acquiring an additional 246 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $475,000. Swiss Life Asset Management Ltd raised its position in shares of Church & Dwight by 122.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 141,837 shares of the company’s stock valued at $11,893,000 after acquiring an additional 78,107 shares in the last quarter. Finally, Nwam LLC bought a new position in Church & Dwight during the fourth quarter worth $391,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Stock Performance
Shares of CHD opened at $94.58 on Friday. The firm has a fifty day moving average of $95.51 and a 200-day moving average of $91.76. The company has a market cap of $22.41 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $106.04.
Church & Dwight Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. Church & Dwight’s payout ratio is 40.46%.
Insider Activity
In other news, Director Penry W. Price sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total transaction of $704,060.00. Following the completion of the transaction, the director directly owned 30,070 shares in the company, valued at approximately $3,024,440.60. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CHD shares. Citigroup reaffirmed a “neutral” rating and issued a $100.00 price objective (up from $87.00) on shares of Church & Dwight in a report on Monday, February 2nd. Jefferies Financial Group raised their price target on shares of Church & Dwight from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Rothschild & Co Redburn set a $91.00 price target on shares of Church & Dwight and gave the company a “neutral” rating in a report on Friday, February 13th. Wall Street Zen downgraded shares of Church & Dwight from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $102.53.
Check Out Our Latest Research 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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