FSM Wealth Advisors LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,260 shares of the company’s stock after selling 135 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Church & Dwight were worth $221,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its position in Church & Dwight by 106,565.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock worth $539,200,000 after purchasing an additional 6,682,725 shares during the period. Norges Bank acquired a new position in Church & Dwight in the 4th quarter valued at $192,019,000. Morgan Stanley raised its holdings in Church & Dwight by 25.8% in the 4th quarter. Morgan Stanley now owns 3,148,588 shares of the company’s stock worth $253,808,000 after acquiring an additional 645,291 shares during the period. Bank of America Corp DE lifted its position in Church & Dwight by 31.3% during the 1st quarter. Bank of America Corp DE now owns 2,301,313 shares of the company’s stock worth $203,459,000 after acquiring an additional 548,298 shares during the last quarter. Finally, Ossiam boosted its holdings in Church & Dwight by 13,958.1% during the first quarter. Ossiam now owns 495,125 shares of the company’s stock valued at $43,774,000 after acquiring an additional 491,603 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Jefferies Financial Group lifted their price objective on Church & Dwight from $111.00 to $113.00 in a research note on Wednesday, June 21st. Morgan Stanley increased their price objective on Church & Dwight from $106.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Truist Financial upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and raised their price target for the stock from $95.00 to $105.00 in a research report on Monday, August 28th. Barclays boosted their price target on Church & Dwight from $78.00 to $82.00 and gave the company an “underweight” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus raised their price objective on Church & Dwight from $95.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average price target of $93.31.
Church & Dwight Stock Performance
NYSE:CHD opened at $95.16 on Tuesday. The stock has a market capitalization of $23.41 billion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 3.83 and a beta of 0.47. Church & Dwight Co., Inc. has a 1 year low of $70.16 and a 1 year high of $100.52. The firm has a 50 day moving average of $95.85 and a 200-day moving average of $93.54. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61.
Church & Dwight (NYSE:CHD – Get Free Report) last announced its earnings results on Friday, July 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Church & Dwight had a return on equity of 21.12% and a net margin of 7.93%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.17 EPS for the current fiscal year.
Church & Dwight Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.2725 per share. The ex-dividend date was Monday, August 14th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.15%. Church & Dwight’s payout ratio is currently 60.56%.
In other Church & Dwight news, CEO Matthew Farrell sold 7,006 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $97.15, for a total transaction of $680,632.90. Following the completion of the sale, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at approximately $10,923,934.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Church & Dwight news, CEO Matthew Farrell sold 7,006 shares of Church & Dwight stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $97.15, for a total transaction of $680,632.90. Following the completion of the sale, the chief executive officer now owns 112,444 shares of the company’s stock, valued at approximately $10,923,934.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard A. Dierker sold 90,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $95.80, for a total value of $8,622,000.00. Following the completion of the transaction, the chief financial officer now directly owns 7,544 shares in the company, valued at approximately $722,715.20. The disclosure for this sale can be found here. Insiders have sold 258,348 shares of company stock valued at $24,793,650 over the last 90 days. 2.00% of the stock is owned by company insiders.
Church & Dwight 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.
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