Pathstone Family Office LLC Buys 7,700 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Pathstone Family Office LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 114.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,432 shares of the company’s stock after buying an additional 7,700 shares during the quarter. Pathstone Family Office LLC’s holdings in Church & Dwight were worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CHD. BlackRock Inc. increased 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 in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Church & Dwight by 2.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company’s stock worth $751,405,000 after acquiring an additional 217,047 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Church & Dwight by 106,565.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock worth $539,200,000 after acquiring an additional 6,682,725 shares in the last quarter. Capital International Investors grew its holdings in shares of Church & Dwight by 11.0% during the second quarter. Capital International Investors now owns 6,470,284 shares of the company’s stock worth $648,517,000 after buying an additional 640,103 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Church & Dwight by 3.4% during the second quarter. Geode Capital Management LLC now owns 5,444,485 shares of the company’s stock worth $544,340,000 after buying an additional 177,290 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CHD shares. UBS Group increased their price objective on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. The Goldman Sachs Group decreased their price objective on 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 price objective on Church & Dwight from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Citigroup downgraded Church & Dwight from a “neutral” rating to a “sell” rating and set a $90.00 price objective for the company. in a report on Wednesday, December 13th. Finally, Barclays increased their price target on Church & Dwight from $76.00 to $80.00 and gave the company an “underweight” rating in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus price target of $100.43.

Get Our Latest Research Report on CHD

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $98.62 on Tuesday. The stock has a 50 day moving average of $96.00 and a 200-day moving average of $93.97. The company has a market capitalization of $24.30 billion, a P/E ratio of 32.44, a P/E/G ratio of 3.41 and a beta of 0.54. Church & Dwight Co., Inc. has a 12 month low of $81.92 and a 12 month high of $103.21. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57.

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

Church & Dwight Increases Dividend

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

Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 9,280 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was 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 directly owns 6,373 shares in the company, valued at approximately $638,702.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Church & Dwight 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 value of $930,041.60. Following the completion of the transaction, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $96.00, for a total value of $432,000.00. The disclosure for this sale can be found here. Insiders sold 21,532 shares of company stock worth $2,123,986 in the last ninety days. 2.00% of the stock is owned by company insiders.

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.

Further Reading

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

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