Mn Services Vermogensbeheer B.V. Raises Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,000 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Church & Dwight were worth $10,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Amalgamated Bank raised its position in Church & Dwight by 0.8% during the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after purchasing an additional 394 shares during the last quarter. Board of the Pension Protection Fund bought a new position in Church & Dwight during the 4th quarter valued at approximately $639,000. Oddo BHF Asset Management Sas bought a new position in Church & Dwight during the 3rd quarter valued at approximately $5,934,000. Citigroup Inc. raised its position in Church & Dwight by 9.1% during the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock valued at $35,368,000 after purchasing an additional 28,129 shares during the last quarter. Finally, Financial Enhancement Group LLC raised its position in shares of Church & Dwight by 456.2% in the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock worth $6,232,000 after acquiring an additional 49,693 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Michael Read purchased 1,100 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the transaction, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the transaction, the director now owns 32,500 shares of the company’s stock, valued at approximately $3,448,575. This represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,522 shares of company stock worth $5,487,555. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CHD shares. Piper Sandler decreased their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Barclays increased their target price on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Wells Fargo & Company increased their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Stifel Nicolaus increased their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $111.47.

Church & Dwight Trading Up 1.8 %

Shares of CHD stock opened at $111.32 on Friday. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $113.50. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average price is $105.71 and its 200-day moving average price is $104.97. The stock has a market capitalization of $27.38 billion, a price-to-earnings ratio of 46.97, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the previous year, the business earned $0.65 EPS. Equities research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.06%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s payout ratio is 49.79%.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.