Y Intercept Hong Kong Ltd Takes Position in Church & Dwight Co., Inc. (NYSE:CHD)

Y Intercept Hong Kong Ltd bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,053 shares of the company’s stock, valued at approximately $634,000.

Other large investors have also recently made changes to their positions in the company. Amalgamated Bank boosted its stake in shares of Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after purchasing an additional 394 shares during the period. Board of the Pension Protection Fund purchased a new stake in shares of Church & Dwight during the fourth quarter valued at $639,000. Oddo BHF Asset Management Sas purchased a new stake in shares of Church & Dwight during the third quarter valued at $5,934,000. Citigroup Inc. boosted its stake in shares of Church & Dwight by 9.1% during the third quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock valued at $35,368,000 after purchasing an additional 28,129 shares during the period. Finally, Financial Enhancement Group LLC boosted its stake in shares of Church & Dwight by 456.2% during the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock valued at $6,232,000 after purchasing an additional 49,693 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Piper Sandler lowered their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Barclays upped their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $111.47.

Insider Buying and Selling

In related news, EVP Rick Spann sold 39,520 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total value of $4,426,240.00. Following the transaction, the executive vice president now owns 4,973 shares in the company, valued at approximately $556,976. This represents a 88.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the completion of the transaction, the director now owns 32,500 shares in the company, valued at approximately $3,448,575. This trade represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,522 shares of company stock worth $5,487,555. 2.00% of the stock is owned by company insiders.

Church & Dwight Stock Performance

CHD opened at $111.32 on Friday. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $113.50. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The company has a market cap of $27.38 billion, a P/E ratio of 46.97, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. The firm’s 50-day moving average price is $105.71 and its 200-day moving average price is $104.97.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.295 per share. The ex-dividend date is Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.06%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is 49.79%.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.