Church & Dwight Co., Inc. (NYSE:CHD) Shares Acquired by JGP Wealth Management LLC

JGP Wealth Management LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 73,371 shares of the company’s stock after buying an additional 1,270 shares during the quarter. JGP Wealth Management LLC’s holdings in Church & Dwight were worth $7,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings in Church & Dwight by 2.8% in the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock valued at $382,000 after purchasing an additional 99 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Church & Dwight by 0.3% in the third quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock valued at $3,358,000 after purchasing an additional 104 shares in the last quarter. HCR Wealth Advisors boosted its holdings in Church & Dwight by 0.9% in the fourth quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock valued at $1,231,000 after purchasing an additional 106 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Church & Dwight by 3.3% in the third quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company’s stock valued at $353,000 after purchasing an additional 107 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in Church & Dwight by 2.1% in the third quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company’s stock valued at $577,000 after buying an additional 113 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Up 2.6 %

Church & Dwight stock opened at $106.17 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of 47.61, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. Church & Dwight Co., Inc. has a fifty-two week low of $96.09 and a fifty-two week high of $113.50. The stock’s fifty day moving average is $106.82 and its two-hundred day moving average is $104.03.

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

Church & Dwight Announces Dividend

The business 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s payout ratio is currently 50.67%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHD. Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays reduced their price objective 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. TD Cowen boosted their price objective on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Piper Sandler boosted their price objective on Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $110.44.

Insider Activity at Church & Dwight

In related news, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,704,740.96. The trade was a 72.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 593,035 shares of company stock valued at $62,282,808 over the last quarter. Insiders own 1.40% of the company’s stock.

Church & Dwight Company Profile

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.