1,796 Shares in Church & Dwight Co., Inc. (NYSE:CHD) Purchased by Brooklyn Investment Group

Brooklyn Investment Group purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD) in the 3rd quarter, HoldingsChannel reports. The fund purchased 1,796 shares of the company’s stock, valued at approximately $188,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHD. Millennium Management LLC grew its stake in shares of Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after acquiring an additional 1,217,568 shares during the period. Marshall Wace LLP boosted its stake in shares of Church & Dwight by 4,161.5% during the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock worth $114,091,000 after acquiring an additional 1,074,588 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after acquiring an additional 429,863 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Church & Dwight by 394.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock valued at $35,147,000 after acquiring an additional 267,801 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Church & Dwight by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after purchasing an additional 175,221 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling at Church & Dwight

In related news, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. This represents a 59.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the sale, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 543,513 shares of company stock valued at $56,795,253. 1.40% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $110.35 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average price is $104.40 and its 200-day moving average price is $104.25. The firm has a market cap of $27.04 billion, a P/E ratio of 49.48, a P/E/G ratio of 4.04 and a beta of 0.55. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. The ex-dividend date is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial reduced their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Evercore ISI lowered their target price on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. TD Cowen increased their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and an average target price of $108.53.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.