Mackenzie Financial Corp Has $9.85 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Mackenzie Financial Corp lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,136 shares of the company’s stock after selling 2,107 shares during the period. Mackenzie Financial Corp’s holdings in Church & Dwight were worth $9,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Church & Dwight by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 29,910,126 shares of the company’s stock valued at $2,740,665,000 after buying an additional 145,390 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Church & Dwight by 2.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company’s stock valued at $751,405,000 after buying an additional 217,047 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in Church & Dwight by 106,565.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock valued at $539,200,000 after buying an additional 6,682,725 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Church & Dwight by 89.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after buying an additional 2,839,783 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Church & Dwight by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 5,267,195 shares of the company’s stock valued at $464,667,000 after buying an additional 92,964 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

CHD has been the subject of several analyst reports. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. UBS Group increased their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Truist Financial raised their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group started coverage on shares of Church & Dwight in a research note on Friday, March 1st. They set a “buy” rating and a $110.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Church & Dwight from $87.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $103.27.

Insider Activity

In other news, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,703,613.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Michael Read sold 4,500 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 373,052 shares of company stock worth $38,603,796. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Up 1.1 %

Shares of NYSE:CHD opened at $104.35 on Friday. The firm has a fifty day moving average price of $102.01 and a two-hundred day moving average price of $96.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $105.67. The company has a market cap of $25.45 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 3.42 and a beta of 0.53.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.09%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 37.17%.

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.