Geode Capital Management LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,290,207 shares of the company’s stock after buying an additional 177,990 shares during the quarter. Geode Capital Management LLC’s holdings in Church & Dwight were worth $601,991,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Church & Dwight by 19.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company’s stock valued at $76,000 after acquiring an additional 112 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Church & Dwight by 3.8% in the first quarter. Manchester Capital Management LLC now owns 3,243 shares of the company’s stock valued at $357,000 after purchasing an additional 119 shares during the period. Choreo LLC increased its holdings in Church & Dwight by 3.1% in the first quarter. Choreo LLC now owns 4,052 shares of the company’s stock valued at $446,000 after purchasing an additional 122 shares during the period. ORG Partners LLC raised its position in Church & Dwight by 13.5% during the 2nd quarter. ORG Partners LLC now owns 1,058 shares of the company’s stock worth $104,000 after purchasing an additional 126 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in 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 buying an additional 133 shares during the period. 86.60% of the stock is owned by institutional investors.
Church & Dwight Stock Performance
NYSE:CHD opened at $84.10 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $116.46. The company has a fifty day moving average of $87.85 and a 200-day moving average of $92.92. The firm has a market capitalization of $20.20 billion, a P/E ratio of 39.67, a P/E/G ratio of 3.52 and a beta of 0.42.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 37.11%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CHD. JPMorgan Chase & Co. decreased their price target on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a research note on Monday, August 4th. Barclays set a $82.00 target price on Church & Dwight and gave the company an “underweight” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Church & Dwight in a report on Thursday, October 30th. Wells Fargo & Company reduced their price objective on shares of Church & Dwight from $108.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Evercore ISI decreased their price objective on shares of Church & Dwight from $102.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $99.00.
Read Our Latest Stock Analysis on CHD
Church & Dwight Company 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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