MML Investors Services LLC Has $1.64 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

MML Investors Services LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,630 shares of the company’s stock after buying an additional 309 shares during the period. MML Investors Services LLC’s holdings in Church & Dwight were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Church & Dwight by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after purchasing an additional 429,863 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Church & Dwight by 0.5% in the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock valued at $449,830,000 after purchasing an additional 21,607 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock valued at $351,668,000 after purchasing an additional 175,221 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Church & Dwight by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after purchasing an additional 16,257 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the transaction, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. This trade represents a 61.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the sale, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,158,361.75. This represents a 81.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock valued at $62,282,808 over the last quarter. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research report on Monday, September 9th. Piper Sandler assumed coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price for the company. Barclays reduced their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their target price 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. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $109.56.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $105.82 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a market cap of $25.93 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 3.86 and a beta of 0.57. Church & Dwight Co., Inc. has a 12 month low of $90.69 and a 12 month high of $113.50. The stock has a 50-day moving average price of $106.02 and a two-hundred day moving average price of $104.43.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 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.