Cresset Asset Management LLC Sells 25,795 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Cresset Asset Management LLC decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 25.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 73,681 shares of the company’s stock after selling 25,795 shares during the period. Cresset Asset Management LLC’s holdings in Church & Dwight were worth $7,715,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. YANKCOM Partnership bought a new stake in shares of Church & Dwight in the 4th quarter valued at about $25,000. Versant Capital Management Inc grew its holdings in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth $39,000. Bernard Wealth Management Corp. purchased a new stake in shares of Church & Dwight during the 4th quarter valued at $40,000. Finally, Bank of Jackson Hole Trust purchased a new position in Church & Dwight during the 4th quarter worth $43,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

CHD opened at $92.05 on Thursday. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 3.32 and a beta of 0.55. The firm’s fifty day simple moving average is $104.80 and its two-hundred day simple moving average is $105.66. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 52-week low of $91.08 and a 52-week high of $116.46.

Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight’s payout ratio is 50.64%.

Analyst Ratings Changes

A number of research firms have commented on CHD. Oppenheimer decreased their price target on Church & Dwight from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Piper Sandler lowered their target price 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. Truist Financial raised their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Cowen lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen cut Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $109.13.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares in the company, valued at approximately $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was 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 in the company, valued at $707,941.26. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock worth $7,538,449 over the last three months. Insiders own 1.20% of the company’s stock.

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.