Addenda Capital Inc. Trims Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Addenda Capital Inc. cut its position in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,558 shares of the company’s stock after selling 475 shares during the period. Addenda Capital Inc.’s holdings in Church & Dwight were worth $5,064,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CHD. Moneta Group Investment Advisors LLC raised its stake in Church & Dwight by 106,565.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock worth $539,200,000 after purchasing an additional 6,682,725 shares during the period. JPMorgan Chase & Co. increased its position in shares of Church & Dwight by 89.1% during the third quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after acquiring an additional 2,839,783 shares during the last quarter. Norges Bank acquired a new stake in shares of Church & Dwight during the fourth quarter valued at about $192,019,000. Morgan Stanley increased its position in shares of Church & Dwight by 25.8% during the fourth quarter. Morgan Stanley now owns 3,148,588 shares of the company’s stock valued at $253,808,000 after acquiring an additional 645,291 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Church & Dwight by 31.3% during the first quarter. Bank of America Corp DE now owns 2,301,313 shares of the company’s stock valued at $203,459,000 after acquiring an additional 548,298 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America upgraded shares of Church & Dwight from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $85.00 to $100.00 in a research report on Friday, December 15th. Truist Financial lifted their price objective on shares of Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Argus upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, February 23rd. Royal Bank of Canada lifted their price objective on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Finally, UBS Group lifted their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.80.

Read Our Latest Report on Church & Dwight

Church & Dwight Stock Down 1.4 %

CHD stock opened at $103.17 on Thursday. The company has a fifty day moving average price of $101.40 and a 200 day moving average price of $95.78. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $105.67. The company has a market cap of $25.16 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 3.60 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64.

Church & Dwight (NYSE:CHDGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share 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 business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.10%. Church & Dwight’s dividend payout ratio is 37.17%.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,703,613.77. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock valued at $38,603,796 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

About Church & Dwight

(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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