Portland Global Advisors LLC raised its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,392 shares of the company’s stock after purchasing an additional 10,159 shares during the period. Portland Global Advisors LLC’s holdings in Church & Dwight were worth $6,741,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in Church & Dwight by 2.4% during the third quarter. State Street Corp now owns 13,786,818 shares of the company’s stock valued at $1,208,139,000 after purchasing an additional 319,763 shares during the period. Capital International Investors grew its holdings in Church & Dwight by 0.5% during the third quarter. Capital International Investors now owns 9,568,128 shares of the company’s stock valued at $838,252,000 after purchasing an additional 50,296 shares during the period. JPMorgan Chase & Co. grew its holdings in Church & Dwight by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock valued at $537,736,000 after purchasing an additional 175,960 shares during the period. Invesco Ltd. grew its holdings in Church & Dwight by 4.1% during the third quarter. Invesco Ltd. now owns 3,653,852 shares of the company’s stock valued at $320,187,000 after purchasing an additional 143,739 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Church & Dwight by 0.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,341,015 shares of the company’s stock valued at $276,101,000 after purchasing an additional 23,677 shares during the period. 86.60% of the stock is owned by institutional investors.
Church & Dwight Trading Down 1.9%
Shares of CHD stock opened at $95.75 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.22. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04. The company has a market capitalization of $22.69 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 3.47 and a beta of 0.48. The business’s fifty day moving average is $94.82 and its 200 day moving average is $92.56.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, May 15th. Church & Dwight’s dividend payout ratio (DPR) is 40.46%.
Insider Activity
In related news, Director Penry W. Price sold 5,960 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $94.86, for a total value of $565,365.60. Following the sale, the director owned 30,070 shares in the company, valued at approximately $2,852,440.20. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.
Analyst Ratings Changes
CHD has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 price objective (up from $112.00) on shares of Church & Dwight in a report on Monday, May 4th. Rothschild & Co Redburn set a $91.00 target price on Church & Dwight and gave the stock a “neutral” rating in a research report on Friday, February 13th. Wells Fargo & Company dropped their target price on Church & Dwight from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen downgraded Church & Dwight from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, UBS Group restated a “neutral” rating and set a $100.00 target price (up from $98.00) on shares of Church & Dwight in a research report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.00.
About Church & Dwight
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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