Mission Wealth Management LP Has $1.26 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Mission Wealth Management LP lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,018 shares of the company’s stock after selling 1,968 shares during the quarter. Mission Wealth Management LP’s holdings in Church & Dwight were worth $1,258,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CHD. YANKCOM Partnership bought a new position in shares of Church & Dwight during the fourth quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in Church & Dwight in the third quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new stake in Church & Dwight in the third quarter valued at $28,000. Versant Capital Management Inc raised its position in Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in Church & Dwight during the 4th quarter worth about $43,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHD has been the topic of several analyst reports. TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company increased their price objective on shares of 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 boosted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Finally, Piper Sandler cut their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $111.56.

Insider Buying and Selling

In other news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the completion of the sale, the director now owns 32,500 shares in the company, valued at $3,448,575. This trade represents a 23.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the purchase, the executive vice president now owns 2,505 shares of the company’s stock, valued at $267,584.10. The trade was a 78.29 % increase in their position. The disclosure for this purchase can be found here. 2.00% of the stock is owned by insiders.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $112.00 on Tuesday. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year 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 has a market cap of $27.55 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. The stock’s fifty day simple moving average is $105.84 and its two-hundred day simple moving average is $105.12.

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 analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter last year, the company earned $0.65 EPS. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight’s payout ratio is presently 49.79%.

About Church & Dwight

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.