Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by KBC Group NV

KBC Group NV cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,073 shares of the company’s stock after selling 2,336 shares during the quarter. KBC Group NV’s holdings in Church & Dwight were worth $10,583,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Holocene Advisors LP acquired a new stake in shares of Church & Dwight in the 3rd quarter worth approximately $104,795,000. State Street Corp boosted its position in Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after purchasing an additional 969,006 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Church & Dwight in the third quarter valued at $58,338,000. Barclays PLC increased its position in shares of Church & Dwight by 63.9% in the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after buying an additional 431,257 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake 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 worth $839,472,000 after buying an additional 429,863 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

CHD has been the topic of a number of research reports. TD Cowen increased their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays raised their price objective on shares of Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Piper Sandler raised their price target on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus reduced their price objective on Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $110.61.

Insider Buying and Selling

In other news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the sale, the director now owns 32,500 shares in the company, valued at approximately $3,448,575. This trade represents a 23.53 % 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 link. Also, EVP Michael Read purchased 1,100 shares of Church & Dwight stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the transaction, the executive vice president now directly owns 2,505 shares in the company, valued at $267,584.10. This represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 593,035 shares of company stock valued at $62,282,808. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Down 0.7 %

Shares of CHD opened at $106.79 on Thursday. The firm has a market cap of $26.16 billion, a PE ratio of 47.89, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average is $106.63 and its two-hundred day moving average is $104.14. 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 posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. Analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Company 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.