OMERS ADMINISTRATION Corp acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 22,675 shares of the company’s stock, valued at approximately $2,197,000.
Several other large investors also recently modified their holdings of CHD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Church & Dwight by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock valued at $2,672,000 after buying an additional 945 shares during the period. Empowered Funds LLC grew its holdings in Church & Dwight by 18.4% during the 1st quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock worth $726,000 after acquiring an additional 1,024 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Church & Dwight in the 2nd quarter worth about $254,000. Baird Financial Group Inc. raised its position in shares of Church & Dwight by 9.0% in the 2nd quarter. Baird Financial Group Inc. now owns 29,398 shares of the company’s stock worth $2,825,000 after acquiring an additional 2,419 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Church & Dwight by 0.4% in the 2nd quarter. Cerity Partners LLC now owns 52,273 shares of the company’s stock valued at $5,024,000 after purchasing an additional 204 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Stock Up 0.3%
Shares of NYSE:CHD opened at $102.85 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.15. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04. The business’s 50 day simple moving average is $98.83 and its two-hundred day simple moving average is $97.68. The firm has a market cap of $24.40 billion, a P/E ratio of 33.07, a PEG ratio of 3.74 and a beta of 0.47.
Church & Dwight Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 14th. Church & Dwight’s payout ratio is 39.55%.
Wall Street Analyst Weigh In
CHD has been the topic of several research analyst reports. UBS Group restated a “neutral” rating and set a $107.00 target price (up from $104.00) on shares of Church & Dwight in a research report on Monday, August 3rd. TD Cowen set a $97.00 price target on Church & Dwight and gave the company a “hold” rating in a research note on Monday, August 3rd. Royal Bank Of Canada increased their price target on Church & Dwight from $114.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $109.00 price objective on shares of Church & Dwight in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $111.00 target price on shares of Church & Dwight in a research report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $104.41.
Get Our Latest Report on Church & Dwight
Insider Buying and Selling at Church & Dwight
In other Church & Dwight news, Director Arthur B. Winkleblack sold 13,200 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.83, for a total transaction of $1,357,356.00. Following the transaction, the director owned 7,129 shares in the company, valued at approximately $733,075.07. This represents a 64.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bradley C. Irwin sold 4,300 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $102.69, for a total transaction of $441,567.00. Following the completion of the transaction, the director directly owned 35,674 shares in the company, valued at $3,663,363.06. This trade represents a 10.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 79,595 shares of company stock worth $7,985,247 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.
Church & Dwight 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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