World Investment Advisors LLC Makes New Investment in Church & Dwight Co., Inc. (NYSE:CHD)

World Investment Advisors LLC purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 557,085 shares of the company’s stock, valued at approximately $58,338,000. Church & Dwight makes up about 1.4% of World Investment Advisors LLC’s portfolio, making the stock its 5th largest position. World Investment Advisors LLC owned about 0.23% of Church & Dwight at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHD. Wealth Enhancement Advisory Services LLC lifted its position in shares of Church & Dwight by 2.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,568 shares of the company’s stock worth $2,236,000 after purchasing an additional 574 shares during the period. ORG Partners LLC lifted its position in shares of Church & Dwight by 463.3% during the second quarter. ORG Partners LLC now owns 3,036 shares of the company’s stock valued at $318,000 after buying an additional 2,497 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Church & Dwight by 9.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 25,288 shares of the company’s stock worth $2,622,000 after buying an additional 2,198 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Church & Dwight by 74.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock worth $7,032,000 after acquiring an additional 28,986 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in Church & Dwight in the second quarter valued at approximately $62,000. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 300,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,704,740.96. This trade represents a 72.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 583,035 shares of company stock worth $61,221,708. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CHD shares. Piper Sandler began coverage on Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Barclays decreased their price target on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research note on Monday, September 9th. Wells Fargo & Company increased their price objective 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. Finally, TD Cowen boosted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.53.

Church & Dwight Stock Performance

NYSE CHD opened at $105.52 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $105.55 and its 200-day simple moving average is $104.41. The company has a market cap of $25.85 billion, a PE ratio of 47.32, a price-to-earnings-growth ratio of 3.91 and a beta of 0.57. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $113.50.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.08%. Church & Dwight’s dividend payout ratio is presently 50.67%.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.