Varma Mutual Pension Insurance Co boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,599 shares of the company’s stock after acquiring an additional 8,400 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Church & Dwight were worth $8,815,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Church & Dwight by 1.2% during the second quarter. Vanguard Group Inc. now owns 31,830,529 shares of the company’s stock valued at $3,059,232,000 after purchasing an additional 388,890 shares during the last quarter. State Street Corp grew its stake in shares of Church & Dwight by 3.0% in the 2nd quarter. State Street Corp now owns 13,467,055 shares of the company’s stock worth $1,294,319,000 after buying an additional 387,667 shares during the last quarter. Geode Capital Management LLC increased its position in Church & Dwight by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,290,207 shares of the company’s stock valued at $601,991,000 after buying an additional 177,990 shares in the last quarter. Invesco Ltd. raised its stake in Church & Dwight by 25.1% during the second quarter. Invesco Ltd. now owns 3,510,113 shares of the company’s stock valued at $337,357,000 after buying an additional 703,171 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Church & Dwight by 1.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,317,338 shares of the company’s stock valued at $291,660,000 after purchasing an additional 48,259 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Price Performance
Shares of CHD opened at $101.42 on Friday. The firm has a fifty day simple moving average of $89.58 and a two-hundred day simple moving average of $89.14. The firm has a market cap of $24.35 billion, a PE ratio of 33.58, a P/E/G ratio of 3.68 and a beta of 0.46. The company has a current ratio of 1.07, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Church & Dwight Co., Inc. has a 1-year low of $81.33 and a 1-year high of $116.46.
Church & Dwight Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.30. Church & Dwight’s payout ratio is currently 40.73%.
Insider Buying and Selling at Church & Dwight
In other news, Director Janet S. Vergis sold 12,960 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $101.00, for a total value of $1,308,960.00. Following the transaction, the director owned 17,102 shares in the company, valued at $1,727,302. This represents a 43.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CHD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Church & Dwight in a report on Monday, December 22nd. Rothschild & Co Redburn set a $91.00 price target on shares of Church & Dwight and gave the company a “neutral” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $100.00 price objective (down from $102.00) on shares of Church & Dwight in a report on Wednesday, December 10th. Oppenheimer set a $100.00 target price on Church & Dwight and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Citigroup restated a “neutral” rating and issued a $100.00 price target (up previously from $87.00) on shares of Church & Dwight in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $100.71.
View Our Latest Stock 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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