SG Americas Securities LLC grew its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 536.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 80,486 shares of the company’s stock after purchasing an additional 67,838 shares during the period. SG Americas Securities LLC’s holdings in Church & Dwight were worth $7,053,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in CHD. Generali Asset Management SPA SGR boosted its position in shares of Church & Dwight by 97.1% in the third quarter. Generali Asset Management SPA SGR now owns 34,811 shares of the company’s stock worth $3,050,000 after buying an additional 17,145 shares during the period. Boston Trust Walden Corp boosted its position in Church & Dwight by 7.8% during the 2nd quarter. Boston Trust Walden Corp now owns 201,620 shares of the company’s stock worth $19,378,000 after acquiring an additional 14,523 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Church & Dwight by 5.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,963 shares of the company’s stock valued at $50,166,000 after acquiring an additional 28,201 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Church & Dwight by 7.4% in the 2nd quarter. Prudential Financial Inc. now owns 141,362 shares of the company’s stock valued at $13,586,000 after purchasing an additional 9,795 shares during the period. Finally, Norges Bank acquired a new position in shares of Church & Dwight in the 2nd quarter valued at about $303,907,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Trading Down 0.1%
Shares of NYSE:CHD opened at $85.76 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $20.59 billion, a PE ratio of 26.97, a P/E/G ratio of 3.95 and a beta of 0.46. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $116.46. The firm has a fifty day moving average price of $84.54 and a 200 day moving average price of $89.56.
Church & Dwight Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 37.11%.
Analysts Set New Price Targets
CHD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $100.00 price objective (down from $102.00) on shares of Church & Dwight in a research report on Wednesday, December 10th. Barclays set a $82.00 price target on shares of Church & Dwight and gave the company an “underweight” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Church & Dwight in a report on Monday, December 22nd. Argus lowered their target price on Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Finally, TD Cowen dropped their target price on Church & Dwight from $100.00 to $97.00 and set a “hold” rating on the stock in a research report on Thursday. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.95.
View Our Latest Analysis on Church & Dwight
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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