Jacobi Capital Management LLC Increases Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Jacobi Capital Management LLC lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,901 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Jacobi Capital Management LLC’s holdings in Church & Dwight were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its holdings in Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after acquiring an additional 969,006 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in 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 valued at $839,472,000 after acquiring an additional 429,863 shares during the period. Stifel Financial Corp boosted its holdings in Church & Dwight by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock valued at $449,830,000 after acquiring an additional 21,607 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Church & Dwight by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after acquiring an additional 16,257 shares during the period. Finally, Barclays PLC boosted its holdings in Church & Dwight by 63.9% during the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after acquiring an additional 431,257 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 1.8 %

CHD opened at $111.32 on Monday. The firm has a market cap of $27.38 billion, a price-to-earnings ratio of 46.97, a PEG ratio of 3.32 and a beta of 0.59. 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 Co., Inc. has a 12 month low of $96.35 and a 12 month high of $113.50. The stock has a fifty day moving average price of $105.71 and a 200-day moving average price of $105.03.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period last year, the business posted $0.65 earnings per share. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.295 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s dividend payout ratio is currently 49.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CHD shares. Wells Fargo & Company boosted their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Piper Sandler dropped their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $111.56.

Insider Activity at Church & Dwight

In other news, EVP Michael Read acquired 1,100 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $106.82 per share, with a total value of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the transaction, the director now directly owns 32,500 shares in the company, valued at $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate 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.