Mirae Asset Global Investments Co. Ltd. Has $6.73 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Mirae Asset Global Investments Co. Ltd. cut its stake in Church & Dwight Co., Inc. (NYSE:CHDGet Rating) by 8.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,764 shares of the company’s stock after selling 6,359 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Church & Dwight were worth $6,734,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in Church & Dwight during the 4th quarter valued at $203,912,000. ProShare Advisors LLC increased its holdings in Church & Dwight by 2,289.4% during the 1st quarter. ProShare Advisors LLC now owns 1,574,224 shares of the company’s stock valued at $156,447,000 after purchasing an additional 1,508,341 shares in the last quarter. BlackRock Inc. increased its holdings in Church & Dwight by 2.8% during the 4th quarter. BlackRock Inc. now owns 19,102,645 shares of the company’s stock valued at $1,958,022,000 after purchasing an additional 514,589 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Church & Dwight by 138.8% during the 1st quarter. JPMorgan Chase & Co. now owns 885,081 shares of the company’s stock valued at $87,958,000 after purchasing an additional 514,497 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Church & Dwight by 278.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 643,901 shares of the company’s stock valued at $66,000,000 after purchasing an additional 473,680 shares in the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on Church & Dwight from $101.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, September 14th. Truist Financial cut Church & Dwight from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. UBS Group dropped their price target on Church & Dwight from $104.00 to $98.00 and set a “neutral” rating for the company in a report on Monday, August 1st. Credit Suisse Group lowered their target price on Church & Dwight from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Wednesday, September 7th. Finally, Bank of America began coverage on Church & Dwight in a research note on Wednesday, September 14th. They issued an “underperform” rating for the company. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $91.64.

Insider Activity

In other news, EVP Rene Hemsey sold 5,000 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $76.77, for a total value of $383,850.00. Following the sale, the executive vice president now directly owns 6,259 shares in the company, valued at $480,503.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Church & Dwight Stock Down 0.5 %

NYSE:CHD opened at $74.69 on Thursday. Church & Dwight Co., Inc. has a 12-month low of $74.67 and a 12-month high of $105.28. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $18.14 billion, a P/E ratio of 23.71, a P/E/G ratio of 3.82 and a beta of 0.35. The stock’s fifty day simple moving average is $86.98 and its 200-day simple moving average is $92.26.

Church & Dwight (NYSE:CHDGet Rating) last posted its earnings results on Friday, July 29th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.34 billion. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. Equities research analysts expect that Church & Dwight Co., Inc. will post 2.97 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were issued a $0.2625 dividend. The ex-dividend date was Friday, August 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.41%. Church & Dwight’s dividend payout ratio (DPR) is 33.33%.

About Church & Dwight

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; battery-operated and manual 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

See Also

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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