Wendell David Associates Inc. lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,245 shares of the company’s stock after selling 7,962 shares during the quarter. Church & Dwight accounts for about 1.3% of Wendell David Associates Inc.’s holdings, making the stock its 21st biggest holding. Wendell David Associates Inc. owned approximately 0.06% of Church & Dwight worth $13,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Atlas Legacy Advisors LLC boosted its position in shares of Church & Dwight by 30.6% during the 3rd quarter. Atlas Legacy Advisors LLC now owns 2,758 shares of the company’s stock worth $242,000 after purchasing an additional 646 shares during the period. CVA Family Office LLC lifted its stake in Church & Dwight by 58.1% during the third quarter. CVA Family Office LLC now owns 332 shares of the company’s stock worth $29,000 after purchasing an additional 122 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Church & Dwight during the third quarter worth $20,023,000. Vest Financial LLC boosted its position in shares of Church & Dwight by 7.8% during the third quarter. Vest Financial LLC now owns 563,653 shares of the company’s stock worth $49,393,000 after buying an additional 40,634 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Church & Dwight in the 3rd quarter valued at $419,000. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Up 1.3%
Church & Dwight stock opened at $92.92 on Friday. The stock has a market cap of $22.31 billion, a PE ratio of 29.22, a P/E/G ratio of 4.27 and a beta of 0.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.66. The stock’s fifty day moving average is $85.34 and its two-hundred day moving average is $89.16. Church & Dwight Co., Inc. has a 1-year low of $81.33 and a 1-year high of $116.46.
Church & Dwight Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Church & Dwight’s payout ratio is currently 37.11%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Oppenheimer set a $100.00 target price on Church & Dwight and gave the company an “outperform” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Church & Dwight in a research note on Monday, December 22nd. UBS Group set a $92.00 price objective on shares of Church & Dwight and gave the company a “neutral” rating in a report on Wednesday, January 14th. Bank of America reduced their target price on shares of Church & Dwight from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Finally, Raymond James Financial upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research note on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average price target of $98.65.
Read Our Latest Research Report on Church & Dwight
Church & Dwight Company Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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