Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,538 shares of the company’s stock after selling 116 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Church & Dwight were worth $789,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Church & Dwight by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock valued at $3,213,661,000 after buying an additional 193,602 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after purchasing an additional 1,190,154 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Church & Dwight by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock worth $617,794,000 after purchasing an additional 148,234 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Church & Dwight by 0.5% during the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company’s stock worth $451,975,000 after purchasing an additional 20,887 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Church & Dwight during the fourth quarter worth $318,532,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the sale, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. The trade was a 63.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction dated Monday, March 10th. The stock was 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 in the company, valued at approximately $1,217,442.06. The trade was a 83.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,230 shares of company stock valued at $8,903,734. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on CHD. JPMorgan Chase & Co. decreased their price objective on Church & Dwight from $106.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, April 11th. Stifel Nicolaus raised their price objective on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. UBS Group decreased their price objective on Church & Dwight from $110.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Bank of America upgraded Church & Dwight from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $112.00 to $125.00 in a report on Tuesday, April 15th. Finally, TD Cowen cut Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $109.13.

Church & Dwight Trading Down 1.1%

NYSE:CHD opened at $94.12 on Wednesday. The business’s 50-day moving average is $103.38 and its two-hundred day moving average is $105.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46. The firm has a market capitalization of $23.18 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $0.96 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. Research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight’s payout ratio is 50.64%.

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 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.