SEB Asset Management AB purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 94,848 shares of the company’s stock, valued at approximately $8,851,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. bought a new stake in shares of Church & Dwight during the fourth quarter worth $25,000. Elyxium Wealth LLC acquired a new position in shares of Church & Dwight during the fourth quarter valued at $26,000. DV Equities LLC bought a new position in Church & Dwight in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new position in Church & Dwight in the third quarter valued at about $30,000. Finally, GW&K Investment Management LLC increased its position in Church & Dwight by 83.0% in the fourth quarter. GW&K Investment Management LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Stock Down 2.2%
Shares of Church & Dwight stock opened at $95.60 on Wednesday. The business has a fifty day simple moving average of $96.71 and a 200 day simple moving average of $95.91. The stock has a market cap of $22.65 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 3.52 and a beta of 0.47. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $106.04.
Church & Dwight Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were 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 was Friday, May 15th. Church & Dwight’s dividend payout ratio (DPR) is currently 40.46%.
Insider Buying and Selling at Church & Dwight
In other Church & Dwight news, Director Robert K. Shearer sold 8,600 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total value of $842,542.00. Following the completion of the sale, the director owned 30,678 shares of the company’s stock, valued at approximately $3,005,523.66. This represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carlos G. Linares sold 10,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $99.71, for a total transaction of $997,100.00. Following the completion of the sale, the executive vice president owned 4,668 shares in the company, valued at approximately $465,446.28. This trade represents a 68.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 47,680 shares of company stock worth $4,672,190 over the last ninety days. 1.20% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
CHD has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $111.00 target price on shares of Church & Dwight in a research note on Friday, May 29th. Evercore set a $105.00 price target on shares of Church & Dwight in a research report on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 price target on shares of Church & Dwight in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.82.
View Our Latest Stock Report on CHD
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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