Zurcher Kantonalbank Zurich Cantonalbank Sells 130,919 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 54.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,380 shares of the company’s stock after selling 130,919 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Church & Dwight were worth $11,350,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after acquiring an additional 429,863 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after purchasing an additional 175,221 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Church & Dwight by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock worth $146,556,000 after purchasing an additional 16,257 shares during the period. Millennium Management LLC increased its stake in shares of Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after purchasing an additional 1,217,568 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Church & Dwight by 15.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock valued at $121,191,000 after purchasing an additional 159,233 shares during the period. Institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHD. Truist Financial dropped their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Stifel Nicolaus dropped their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a research note on Monday, September 9th. Finally, Wells Fargo & Company increased their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $108.53.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at $1,158,361.75. The trade was a 81.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now owns 7,129 shares in the company, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 543,513 shares of company stock worth $56,795,253 over the last quarter. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Down 0.2 %

Shares of NYSE:CHD opened at $110.13 on Friday. The company has a market cap of $26.98 billion, a price-to-earnings ratio of 49.39, a PEG ratio of 4.04 and a beta of 0.55. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $104.87 and a 200 day moving average price of $104.33.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. As a group, equities research analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

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.