Livforsakringsbolaget Skandia Omsesidigt Sells 1,100 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Livforsakringsbolaget Skandia Omsesidigt decreased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 50.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,077 shares of the company’s stock after selling 1,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Church & Dwight were worth $119,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CHD. Strategic Financial Concepts LLC bought a new position in Church & Dwight during the fourth quarter worth about $39,000. Bernard Wealth Management Corp. bought a new position in Church & Dwight during the fourth quarter worth about $40,000. Versant Capital Management Inc boosted its holdings in Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock worth $42,000 after buying an additional 112 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Church & Dwight during the fourth quarter worth about $43,000. Finally, Banque Transatlantique SA bought a new position in Church & Dwight during the fourth quarter worth about $46,000. Institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the sale, the director now owns 13,747 shares in the company, valued at $1,360,953. This represents a 51.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Carlen Hooker sold 11,875 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $98.75, for a total value of $1,172,656.25. Following the sale, the executive vice president now owns 262 shares in the company, valued at approximately $25,872.50. This represents a 97.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,195 shares of company stock worth $4,283,432. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CHD. Barclays cut their price objective on Church & Dwight from $94.00 to $84.00 and set an “underweight” rating on the stock in a report on Friday, May 2nd. Cowen cut Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut 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. Truist Financial set a $110.00 price objective on Church & Dwight and gave the company a “buy” rating in a report on Friday. 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. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.69.

Church & Dwight Price Performance

NYSE:CHD opened at $99.30 on Wednesday. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 41.90, a P/E/G ratio of 3.32 and a beta of 0.52. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The stock has a fifty day moving average of $98.71 and a 200 day moving average of $104.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

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

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.295 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.19%. Church & Dwight’s dividend payout ratio (DPR) is 50.64%.

About Church & Dwight

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.