Checchi Capital Advisers LLC bought a new position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,192 shares of the company’s stock, valued at approximately $220,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jacobi Capital Management LLC grew its position in shares of Church & Dwight by 21.7% in the 1st quarter. Jacobi Capital Management LLC now owns 3,706 shares of the company’s stock worth $328,000 after buying an additional 661 shares during the period. Colonial Trust Co SC purchased a new stake in shares of Church & Dwight in the 1st quarter worth about $347,000. Portside Wealth Group LLC purchased a new stake in shares of Church & Dwight in the 2nd quarter worth about $7,427,000. Nisa Investment Advisors LLC grew its position in shares of Church & Dwight by 0.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 67,602 shares of the company’s stock worth $5,977,000 after buying an additional 541 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Church & Dwight by 1.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,132 shares of the company’s stock worth $1,918,000 after buying an additional 286 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Price Performance
Shares of NYSE:CHD opened at $92.40 on Friday. The firm’s 50 day moving average price is $91.23 and its 200-day moving average price is $94.27. Church & Dwight Co., Inc. has a twelve month low of $75.86 and a twelve month high of $100.52. The company has a quick ratio of 0.90, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $22.77 billion, a PE ratio of 52.80, a price-to-earnings-growth ratio of 3.78 and a beta of 0.50.
Church & Dwight Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, November 14th. Church & Dwight’s payout ratio is 62.29%.
Insiders Place Their Bets
In other Church & Dwight news, CEO Matthew Farrell sold 132,881 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at approximately $10,794,624. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by company insiders.
Analyst Ratings Changes
CHD has been the topic of several recent analyst reports. Raymond James raised shares of Church & Dwight from an “underperform” rating to a “market perform” rating in a research report on Monday, October 23rd. Jefferies Financial Group initiated coverage on shares of Church & Dwight in a research report on Monday, November 13th. They set a “hold” rating and a $99.00 price objective on the stock. Royal Bank of Canada increased their price objective on shares of Church & Dwight from $91.00 to $94.00 and gave the company a “sector perform” rating in a research report on Monday, July 31st. HSBC assumed coverage on shares of Church & Dwight in a research report on Friday, September 22nd. They set a “hold” rating and a $102.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their price target on shares of Church & Dwight from $100.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $95.25.
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.
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