Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 21.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,098 shares of the company’s stock after selling 2,268 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Church & Dwight were worth $778,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its position in shares of Church & Dwight by 451.2% during the first quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company’s stock worth $8,924,000 after acquiring an additional 66,357 shares during the period. Penserra Capital Management LLC grew its stake in Church & Dwight by 1,201.4% in the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company’s stock worth $918,000 after purchasing an additional 7,701 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Church & Dwight by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company’s stock worth $38,968,000 after purchasing an additional 5,367 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Church & Dwight by 9.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company’s stock valued at $4,137,000 after purchasing an additional 3,254 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in shares of Church & Dwight by 8.0% in the 1st quarter. IFM Investors Pty Ltd now owns 49,762 shares of the company’s stock worth $5,211,000 after buying an additional 3,667 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Down 1.0%
Church & Dwight stock opened at $85.87 on Monday. Church & Dwight Co., Inc. has a 1-year low of $85.08 and a 1-year high of $116.46. The business has a fifty day moving average price of $90.40 and a 200-day moving average price of $94.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 40.51, a PEG ratio of 3.70 and a beta of 0.43.
Church & Dwight Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 15th. Church & Dwight’s payout ratio is currently 55.66%.
Analysts Set New Price Targets
CHD has been the topic of several research reports. Redburn Atlantic lowered Church & Dwight from a “hold” rating to a “strong sell” rating in a research note on Monday, July 14th. Redburn Partners set a $83.00 target price on shares of Church & Dwight in a report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Church & Dwight in a report on Wednesday, October 8th. Bank of America lowered their price target on shares of Church & Dwight from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an “underweight” rating on the stock in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $100.00.
Read Our Latest Stock Report on CHD
Insider Buying and Selling at Church & Dwight
In other news, CEO Richard A. Dierker bought 5,470 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer directly owned 27,212 shares in the company, valued at approximately $2,491,802.84. The trade was a 25.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lee B. Mcchesney bought 5,409 shares of Church & Dwight stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $91.38 per share, with a total value of $494,274.42. Following the purchase, the executive vice president directly owned 5,409 shares in the company, valued at $494,274.42. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,879 shares of company stock worth $1,177,702. 1.20% of the stock is owned by corporate insiders.
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.
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