Church & Dwight Co., Inc. (NYSE:CHD) Shares Acquired by Courier Capital LLC

Courier Capital LLC lifted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,491 shares of the company’s stock after purchasing an additional 1,121 shares during the period. Courier Capital LLC’s holdings in Church & Dwight were worth $470,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Millennium Management LLC increased its position in Church & Dwight by 1,617.3% during the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after buying an additional 1,217,568 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Church & Dwight by 4,161.5% during the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after acquiring an additional 1,074,588 shares during the last quarter. Holocene Advisors LP purchased a new stake in Church & Dwight during the 3rd quarter worth about $104,795,000. State Street Corp raised its stake in Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in Church & Dwight in the 3rd quarter valued at about $58,338,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Matthew Farrell sold 165,823 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Read purchased 1,100 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the purchase, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 593,035 shares of company stock valued at $62,282,808. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Piper Sandler increased their price target on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $110.00.

Church & Dwight Price Performance

CHD opened at $102.66 on Tuesday. Church & Dwight Co., Inc. has a 52-week low of $96.09 and a 52-week high of $113.50. The company has a 50 day moving average of $106.80 and a two-hundred day moving average of $104.03. The company has a market cap of $25.15 billion, a P/E ratio of 46.04, a P/E/G ratio of 3.86 and a beta of 0.58. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. Church & Dwight’s payout ratio is currently 50.67%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.