Mirabella Financial Services LLP Boosts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Mirabella Financial Services LLP raised its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 328.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,433 shares of the company’s stock after purchasing an additional 10,298 shares during the quarter. Mirabella Financial Services LLP’s holdings in Church & Dwight were worth $1,406,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Church & Dwight in the 4th quarter valued at about $318,532,000. JPMorgan Chase & Co. raised its position in Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $76,565,000. World Investment Advisors LLC purchased a new position in shares of Church & Dwight in the 3rd quarter worth approximately $58,338,000. Finally, Ceredex Value Advisors LLC bought a new position in shares of Church & Dwight during the 4th quarter valued at approximately $49,504,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the transaction, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,570 shares of company stock worth $7,538,449. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CHD has been the subject of a number of analyst reports. Bank of America upgraded Church & Dwight from a “neutral” rating to a “buy” rating and raised their price target for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of Church & Dwight from $106.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, April 11th. Piper Sandler cut their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. UBS Group raised their price objective on shares of Church & Dwight from $109.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Truist Financial upped their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $112.59.

Church & Dwight Price Performance

CHD opened at $105.32 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $107.23 and its 200-day simple moving average is $106.13. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates 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 business posted $0.65 EPS. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

About Church & Dwight

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.