Milestone Asset Management LLC Invests $1.04 Million in Church & Dwight Co., Inc. (NYSE:CHD)

Milestone Asset Management LLC bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,944 shares of the company’s stock, valued at approximately $1,041,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CHD. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight during the third quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc grew its position in Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Church & Dwight during the second quarter valued at $33,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Church & Dwight in the 2nd quarter valued at about $50,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Rick Spann sold 39,520 shares of the stock in a transaction that occurred 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 directly owns 4,973 shares of the company’s stock, valued at $556,976. This represents a 88.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Farrell sold 165,823 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 593,035 shares of company stock valued at $62,282,808 over the last three months. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

CHD has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Piper Sandler boosted their price target on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Barclays upped their price objective on shares of Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company upped their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Two 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $110.61.

Church & Dwight Stock Performance

NYSE CHD opened at $106.79 on Thursday. The firm has a market cap of $26.16 billion, a price-to-earnings ratio of 47.89, a PEG ratio of 3.29 and a beta of 0.58. The company has a 50 day moving average of $106.63 and a 200-day moving average of $104.14. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 1-year low of $96.09 and a 1-year high of $113.50.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. Church & Dwight’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

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.