Legal & General Group Plc decreased its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,885,960 shares of the company’s stock after selling 131,024 shares during the period. Legal & General Group Plc’s holdings in Church & Dwight were worth $158,138,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in CHD. Bessemer Group Inc. lifted its position in shares of Church & Dwight by 215.6% in the 3rd quarter. Bessemer Group Inc. now owns 13,667 shares of the company’s stock worth $1,197,000 after purchasing an additional 9,337 shares during the period. JPMorgan Chase & Co. increased its position in shares of Church & Dwight by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock valued at $537,736,000 after buying an additional 175,960 shares during the period. Citigroup Inc. raised its stake in Church & Dwight by 19.1% in the third quarter. Citigroup Inc. now owns 596,087 shares of the company’s stock worth $52,235,000 after buying an additional 95,423 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Church & Dwight by 51.3% in the third quarter. Fisher Asset Management LLC now owns 94,349 shares of the company’s stock worth $8,268,000 after buying an additional 31,976 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Church & Dwight by 11.1% in the third quarter. ProShare Advisors LLC now owns 1,767,767 shares of the company’s stock worth $154,909,000 after buying an additional 176,037 shares during the period. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Up 1.5%
NYSE:CHD opened at $98.15 on Thursday. The firm has a market capitalization of $23.26 billion, a P/E ratio of 32.29, a PEG ratio of 3.51 and a beta of 0.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.81. Church & Dwight Co., Inc. has a one year low of $81.33 and a one year high of $106.04. The company’s 50-day simple moving average is $94.81 and its 200 day simple moving average is $92.46.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. Church & Dwight’s dividend payout ratio (DPR) is 40.46%.
Analyst Ratings Changes
A number of research firms have weighed in on CHD. JPMorgan Chase & Co. upped their target price on Church & Dwight from $98.00 to $99.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Wall Street Zen cut Church & Dwight from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $109.00 price target on shares of Church & Dwight in a research report on Monday, May 4th. Rothschild & Co Redburn set a $91.00 price target on Church & Dwight and gave the stock a “neutral” rating in a research note on Friday, February 13th. Finally, Evercore set a $105.00 price objective on Church & Dwight in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average price target of $102.53.
View Our Latest Stock Analysis on Church & Dwight
Insider Transactions at Church & Dwight
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $100.58, for a total value of $704,060.00. Following the sale, the director directly owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.
Church & Dwight Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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