Deutsche Bank AG Cuts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Deutsche Bank AG cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,491,490 shares of the company’s stock after selling 61,726 shares during the quarter. Deutsche Bank AG’s holdings in Church & Dwight were worth $136,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter worth approximately $27,000. Covestor Ltd boosted its position in Church & Dwight by 82.2% during the 2nd quarter. Covestor Ltd now owns 359 shares of the company’s stock worth $36,000 after purchasing an additional 162 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new position in Church & Dwight in the 3rd quarter valued at about $38,000. PSI Advisors LLC acquired a new stake in shares of Church & Dwight in the 3rd quarter valued at about $39,000. Finally, Money Concepts Capital Corp raised its stake in Church & Dwight by 468.2% during the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock worth $50,000 after acquiring an additional 515 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Church & Dwight Stock Down 0.2 %

CHD stock opened at $98.62 on Tuesday. Church & Dwight Co., Inc. has a 12-month low of $81.92 and a 12-month high of $103.21. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 3.41 and a beta of 0.54. The company has a 50 day moving average of $96.00 and a two-hundred day moving average of $93.97.

Church & Dwight (NYSE:CHDGet Free Report) last released its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.2838 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio (DPR) is currently 35.86%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Raymond James upgraded shares of Church & Dwight from an “underperform” rating to a “market perform” rating in a research report on Monday, October 23rd. Oppenheimer upped their target price on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Truist Financial upped their target price on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $87.00 to $95.00 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.43.

View Our Latest Research Report on Church & Dwight

Insider Activity

In other news, Director Penry W. Price sold 7,752 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $98.29, for a total transaction of $761,944.08. Following the transaction, the director now owns 25,692 shares in the company, valued at approximately $2,525,266.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Penry W. Price sold 7,752 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $98.29, for a total value of $761,944.08. Following the transaction, the director now directly owns 25,692 shares in the company, valued at approximately $2,525,266.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rene Hemsey sold 9,280 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares in the company, valued at $638,702.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,532 shares of company stock worth $2,123,986. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Profile

(Free Report)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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