Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 27.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,898 shares of the company’s stock after buying an additional 88,316 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.17% of Church & Dwight worth $37,964,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in CHD. Candlestick Capital Management LP acquired a new position in shares of Church & Dwight during the third quarter valued at about $75,506,000. Scopus Asset Management L.P. acquired a new position in shares of Church & Dwight during the second quarter valued at about $52,050,000. Qube Research & Technologies Ltd grew its holdings in shares of Church & Dwight by 486.4% during the third quarter. Qube Research & Technologies Ltd now owns 586,939 shares of the company’s stock valued at $51,433,000 after buying an additional 486,850 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Church & Dwight by 1,659.7% during the third quarter. First Trust Advisors LP now owns 461,310 shares of the company’s stock valued at $40,425,000 after buying an additional 435,094 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Church & Dwight during the third quarter valued at about $29,760,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Price Performance
CHD opened at $94.60 on Friday. The firm has a 50-day moving average price of $97.72 and a 200-day moving average price of $91.08. The company has a market capitalization of $22.41 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 3.45 and a beta of 0.48. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $106.04. The company has a quick ratio of 0.71, a current ratio of 1.07 and a debt-to-equity ratio of 0.55.
Church & Dwight Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a dividend of $0.3075 per share. This is an increase from Church & Dwight’s previous quarterly dividend of $0.30. This represents a $1.23 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, February 13th. Church & Dwight’s dividend payout ratio is presently 40.73%.
Insider Activity at Church & Dwight
In related news, Director Penry W. Price sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $100.58, for a total transaction of $704,060.00. Following the completion of the transaction, the director owned 30,070 shares of the company’s stock, valued at approximately $3,024,440.60. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet S. Vergis sold 12,960 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the transaction, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,727,302. This represents a 43.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
CHD has been the subject of a number of analyst reports. Raymond James Financial upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a report on Monday, January 5th. Evercore raised their price target on shares of Church & Dwight from $101.00 to $103.00 and gave the company an “in-line” rating in a research report on Monday, February 2nd. Wells Fargo & Company dropped their price target on shares of Church & Dwight from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Jefferies Financial Group raised their price target on shares of Church & Dwight from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, 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, February 13th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.59.
Check Out Our Latest Analysis on CHD
Church & Dwight Company Profile
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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