Chevy Chase Trust Holdings LLC Lowers Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Chevy Chase Trust Holdings LLC decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 136,113 shares of the company’s stock after selling 2,712 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Church & Dwight were worth $14,252,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in Church & Dwight by 2.8% in the 3rd quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after purchasing an additional 99 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Church & Dwight by 0.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock worth $3,358,000 after purchasing an additional 104 shares in the last quarter. HCR Wealth Advisors lifted its stake in Church & Dwight by 0.9% in the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock worth $1,231,000 after purchasing an additional 106 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in Church & Dwight by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company’s stock worth $353,000 after purchasing an additional 107 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in Church & Dwight by 2.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company’s stock worth $577,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CHD shares. Stifel Nicolaus boosted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Royal Bank of Canada restated a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler decreased their target price 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.53.

Church & Dwight Trading Down 2.2 %

NYSE CHD opened at $105.12 on Monday. The company has a fifty day simple moving average of $105.48 and a two-hundred day simple moving average of $104.54. The stock has a market cap of $25.75 billion, a P/E ratio of 44.36, a P/E/G ratio of 3.35 and a beta of 0.59. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month 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.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting 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 period in the previous year, the company earned $0.65 earnings per share. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is presently 47.68%.

Insider Transactions at Church & Dwight

In related news, EVP Rick Spann sold 39,520 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the sale, the executive vice president now owns 4,973 shares in the company, valued at approximately $556,976. This trade represents a 88.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,158,361.75. This represents a 81.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,422 shares of company stock worth $11,424,351 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Profile

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.