Mitsubishi UFJ Trust & Banking Corp Has $21.35 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 0.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 232,943 shares of the company’s stock after buying an additional 241 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Church & Dwight were worth $21,345,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CHD. Moneta Group Investment Advisors LLC grew its stake 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 buying an additional 6,682,725 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Church & Dwight by 396.3% during the second quarter. JPMorgan Chase & Co. now owns 3,187,529 shares of the company’s stock worth $319,486,000 after buying an additional 2,545,233 shares in the last quarter. Norges Bank acquired a new stake in Church & Dwight during the fourth quarter worth about $192,019,000. BlackRock Inc. lifted its holdings in shares of Church & Dwight by 9.5% in the second quarter. BlackRock Inc. now owns 21,454,951 shares of the company’s stock worth $2,150,430,000 after acquiring an additional 1,866,932 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Church & Dwight by 25.8% in the fourth 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 last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In other news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the sale, the executive vice president now directly owns 6,373 shares in the company, valued at approximately $638,702.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Michael Read sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $96.00, for a total value of $432,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rene Hemsey sold 9,280 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares in the company, valued at $638,702.06. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CHD shares. Citigroup cut shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $90.00 target price for the company. in a report on Wednesday, December 13th. Barclays increased their target price on shares of Church & Dwight from $76.00 to $80.00 and gave the stock an “underweight” rating in a report on Tuesday, February 6th. The Goldman Sachs Group dropped their target price on shares of Church & Dwight from $100.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, November 6th. Oppenheimer increased their target price on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Finally, TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $100.43.

Read Our Latest Analysis on CHD

Church & Dwight Stock Performance

Shares of CHD stock opened at $98.83 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market cap of $24.35 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 3.41 and a beta of 0.54. The firm has a 50 day moving average of $95.93 and a 200-day moving average of $93.95. Church & Dwight Co., Inc. has a 52 week low of $81.79 and a 52 week high of $103.21.

Church & Dwight (NYSE:CHDGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 14th. Church & Dwight’s payout ratio is presently 35.86%.

Church & Dwight Profile

(Free Report)

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

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