Tredje AP fonden Trims Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Tredje AP fonden decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 50.0% during the fourth quarter, Holdings Channel reports. The fund owned 19,176 shares of the company’s stock after selling 19,175 shares during the period. Tredje AP fonden’s holdings in Church & Dwight were worth $2,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHD. Holocene Advisors LP purchased a new position in shares of Church & Dwight during the 3rd quarter worth approximately $104,795,000. State Street Corp grew its holdings in shares of Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after acquiring an additional 969,006 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Church & Dwight during the 4th quarter worth approximately $76,565,000. World Investment Advisors LLC purchased a new position in shares of Church & Dwight during the 3rd quarter worth approximately $58,338,000. Finally, Barclays PLC grew its holdings in shares of Church & Dwight by 63.9% during the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock worth $115,832,000 after acquiring an additional 431,257 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction on 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 sale, the director now owns 32,500 shares of the company’s stock, valued at $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,570 shares of company stock worth $8,599,549 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Price Performance

NYSE CHD opened at $109.15 on Friday. The business’s fifty day moving average price is $106.84 and its 200-day moving average price is $105.65. The stock has a market capitalization of $26.85 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting 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 quarter in the previous year, the business posted $0.65 EPS. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight’s dividend payout ratio is 49.79%.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler dropped their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Stifel Nicolaus boosted their price target on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Finally, Truist Financial boosted their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average price target of $111.56.

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.