Reik & CO. LLC cut its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205,550 shares of the company’s stock after selling 76,010 shares during the period. Church & Dwight makes up about 28.9% of Reik & CO. LLC’s portfolio, making the stock its biggest holding. Reik & CO. LLC’s holdings in Church & Dwight were worth $115,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of CHD. Whittier Trust Co. of Nevada Inc. raised its stake in Church & Dwight by 19.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company’s stock valued at $76,000 after purchasing an additional 112 shares in the last quarter. Manchester Capital Management LLC grew its stake in Church & Dwight by 3.8% during the first quarter. Manchester Capital Management LLC now owns 3,243 shares of the company’s stock worth $357,000 after buying an additional 119 shares in the last quarter. Choreo LLC increased its holdings in Church & Dwight by 3.1% in the 1st quarter. Choreo LLC now owns 4,052 shares of the company’s stock valued at $446,000 after buying an additional 122 shares during the period. ORG Partners LLC raised its position in shares of Church & Dwight by 13.5% in the 2nd quarter. ORG Partners LLC now owns 1,058 shares of the company’s stock valued at $104,000 after buying an additional 126 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Church & Dwight by 0.4% during the 2nd quarter. Atria Investments Inc now owns 33,030 shares of the company’s stock worth $3,175,000 after acquiring an additional 133 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Stock Up 0.9%
Shares of NYSE:CHD opened at $87.00 on Friday. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $116.46. The company has a market capitalization of $20.89 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 3.52 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The company has a fifty day moving average of $88.76 and a 200-day moving average of $93.40.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 14th. Church & Dwight’s payout ratio is 37.11%.
Insider Activity
In other news, CEO Richard A. Dierker acquired 5,470 shares of the stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $91.57 per share, with a total value of $500,887.90. Following the completion of the purchase, the chief executive officer directly owned 27,212 shares of the company’s stock, valued at $2,491,802.84. This represents a 25.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
CHD has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Church & Dwight in a research note on Thursday, October 30th. Barclays set a $82.00 target price on Church & Dwight and gave the company an “underweight” rating in a report on Tuesday. Bank of America lowered their price target on Church & Dwight from $120.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a research report on Monday, August 4th. Finally, Rothschild & Co Redburn lowered Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research note on Monday, July 14th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average target price of $99.00.
Get Our Latest Stock Report on CHD
Church & Dwight 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 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.
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