Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,666,177 shares of the company’s stock after selling 1,350,168 shares during the period. Massachusetts Financial Services Co. MA owned about 2.72% of Church & Dwight worth $698,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHD. Lake Street Advisors Group LLC grew its stake in shares of Church & Dwight by 3.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company’s stock worth $282,000 after purchasing an additional 97 shares during the period. Oregon Public Employees Retirement Fund grew its position in Church & Dwight by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company’s stock valued at $2,199,000 after buying an additional 103 shares during the period. Whittier Trust Co. increased its holdings in Church & Dwight by 3.2% in the fourth quarter. Whittier Trust Co. now owns 3,295 shares of the company’s stock valued at $345,000 after buying an additional 103 shares in the last quarter. HCR Wealth Advisors raised its position in shares of Church & Dwight by 0.9% in the fourth quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock worth $1,231,000 after acquiring an additional 106 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Church & Dwight by 0.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company’s stock worth $1,270,000 after acquiring an additional 110 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock worth $7,538,449 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHD. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Wells Fargo & Company increased their target price on Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday. 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 report on Monday, February 3rd. Finally, Truist Financial increased their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.13.

Church & Dwight Stock Down 1.1 %

Shares of NYSE:CHD opened at $108.29 on Thursday. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $107.81 and a two-hundred day moving average of $106.05. The stock has a market cap of $26.65 billion, a P/E ratio of 45.69, a PEG ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.09%. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.