AMI Asset Management Corp Sells 11,472 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

AMI Asset Management Corp reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 550,121 shares of the company’s stock after selling 11,472 shares during the period. Church & Dwight makes up approximately 3.1% of AMI Asset Management Corp’s holdings, making the stock its 11th largest holding. AMI Asset Management Corp owned approximately 0.22% of Church & Dwight worth $57,603,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CHD. Capital Performance Advisors LLP bought a new stake in Church & Dwight in the third quarter valued at $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight in the 3rd quarter worth about $28,000. Versant Capital Management Inc increased its position in shares of 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Church & Dwight during the 2nd quarter valued at about $33,000. Finally, Kimelman & Baird LLC acquired a new position in Church & Dwight in the second quarter valued at about $46,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Up 0.1 %

Church & Dwight stock opened at $106.42 on Tuesday. The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 3.28 and a beta of 0.58. The company’s 50 day simple moving average is $106.84 and its 200 day simple moving average is $104.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. Church & Dwight Co., Inc. has a fifty-two week low of $96.09 and a fifty-two week high of $113.50.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Activity at Church & Dwight

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the sale, the director now owns 7,129 shares in the company, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at $44,976. This represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 593,035 shares of company stock worth $62,282,808. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday. Wells Fargo & Company raised their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. TD Cowen boosted their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Finally, Piper Sandler lifted their price target on Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $110.61.

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.