Abacus Planning Group Inc. Cuts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Abacus Planning Group Inc. lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,471 shares of the company’s stock after selling 659 shares during the period. Abacus Planning Group Inc.’s holdings in Church & Dwight were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. First Hawaiian Bank raised its stake in shares of Church & Dwight by 10.1% in the 2nd quarter. First Hawaiian Bank now owns 24,859 shares of the company’s stock valued at $2,492,000 after acquiring an additional 2,281 shares during the period. Renaissance Investment Group LLC raised its stake in shares of Church & Dwight by 0.8% in the 2nd quarter. Renaissance Investment Group LLC now owns 81,332 shares of the company’s stock valued at $8,152,000 after acquiring an additional 613 shares during the period. DnB Asset Management AS raised its stake in shares of Church & Dwight by 47.4% in the 2nd quarter. DnB Asset Management AS now owns 88,325 shares of the company’s stock valued at $8,853,000 after acquiring an additional 28,383 shares during the period. Abner Herrman & Brock LLC purchased a new position in shares of Church & Dwight in the 2nd quarter valued at $200,000. Finally, Level Four Advisory Services LLC raised its stake in shares of Church & Dwight by 3.8% in the 1st quarter. Level Four Advisory Services LLC now owns 33,637 shares of the company’s stock valued at $2,974,000 after acquiring an additional 1,220 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Church & Dwight Trading Down 0.1 %

NYSE CHD opened at $95.62 on Friday. Church & Dwight Co., Inc. has a one year low of $70.16 and a one year high of $100.52. The company has a 50-day simple moving average of $95.92 and a 200-day simple moving average of $93.32. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 1.41. The firm has a market capitalization of $23.53 billion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 3.85 and a beta of 0.47.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, July 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. Church & Dwight had a net margin of 7.93% and a return on equity of 21.12%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.17 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Monday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 60.56%.

Analysts Set New Price Targets

CHD has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of Church & Dwight from $91.00 to $94.00 and gave the stock a “sector perform” rating in a research note on Monday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Barclays lifted their price target on shares of Church & Dwight from $78.00 to $82.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 1st. Jefferies Financial Group lifted their price target on shares of Church & Dwight from $111.00 to $113.00 in a research note on Wednesday, June 21st. Finally, Truist Financial raised shares of Church & Dwight from a “hold” rating to a “buy” rating and lifted their price target for the stock from $95.00 to $105.00 in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus target price of $93.31.

Insider Activity

In other news, CEO Matthew Farrell sold 132,881 shares of Church & Dwight stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $96.00, for a total value of $12,756,576.00. Following the completion of the transaction, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at approximately $10,794,624. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Church & Dwight news, CFO Richard A. Dierker sold 90,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $95.80, for a total transaction of $8,622,000.00. Following the completion of the transaction, the chief financial officer now directly owns 7,544 shares of the company’s stock, valued at approximately $722,715.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Farrell sold 132,881 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $96.00, for a total transaction of $12,756,576.00. Following the transaction, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at $10,794,624. The disclosure for this sale can be found here. In the last three months, insiders sold 258,348 shares of company stock valued at $24,793,650. Company insiders own 2.00% of the company’s stock.

About Church & Dwight

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.