Cullen Frost Bankers Inc. bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 28,412 shares of the company’s stock, valued at approximately $2,382,000.
A number of other large investors also recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in shares of Church & Dwight in the 4th quarter worth $26,000. Ameriflex Group Inc. lifted its stake in Church & Dwight by 101.3% in the third quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock valued at $28,000 after buying an additional 162 shares during the period. CVA Family Office LLC lifted its stake in Church & Dwight by 58.1% in the third quarter. CVA Family Office LLC now owns 332 shares of the company’s stock valued at $29,000 after buying an additional 122 shares during the period. Field & Main Bank bought a new position in Church & Dwight during the fourth quarter worth about $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Church & Dwight during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Price Performance
Shares of CHD opened at $95.59 on Friday. The stock has a 50 day simple moving average of $94.95 and a 200 day simple moving average of $92.17. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22. The firm has a market capitalization of $22.65 billion, a PE ratio of 31.44, a P/E/G ratio of 3.49 and a beta of 0.48.
Church & Dwight Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. Church & Dwight’s dividend payout ratio is presently 40.46%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen cut shares of Church & Dwight from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Rothschild & Co Redburn set a $91.00 target price on shares of Church & Dwight and gave the company a “neutral” rating in a research note on Friday, February 13th. Citigroup reissued a “neutral” rating and set a $100.00 price target (up from $87.00) on shares of Church & Dwight in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $109.00 price target on shares of Church & Dwight in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $102.53.
Check Out Our Latest Report on CHD
Insiders Place Their Bets
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $100.58, for a total transaction of $704,060.00. Following the completion of the transaction, the director owned 30,070 shares in the company, valued at approximately $3,024,440.60. This represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.
Church & Dwight Company 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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