M3 Advisory Group LLC Invests $200,000 in Church & Dwight Co., Inc. (NYSE:CHD)

M3 Advisory Group LLC bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,117 shares of the company’s stock, valued at approximately $200,000.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Church & Dwight by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after buying an additional 354,946 shares during the period. Capital International Investors lifted its holdings in Church & Dwight by 39.2% in the fourth quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after buying an additional 2,533,877 shares during the period. JPMorgan Chase & Co. lifted its holdings in Church & Dwight by 89.1% in the third quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after buying an additional 2,839,783 shares during the period. Stifel Financial Corp lifted its holdings in Church & Dwight by 0.7% in the third quarter. Stifel Financial Corp now owns 4,310,580 shares of the company’s stock valued at $394,982,000 after buying an additional 29,943 shares during the period. Finally, Morgan Stanley lifted its holdings in Church & Dwight by 1.9% in the third quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock valued at $301,645,000 after buying an additional 61,090 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the transaction, the director now directly owns 25,692 shares in the company, valued at approximately $2,709,735.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert K. Shearer sold 13,200 shares of Church & Dwight stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the sale, the director now directly owns 29,108 shares of the company’s stock, valued at approximately $3,095,926.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Penry W. Price sold 7,752 shares of Church & Dwight stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the sale, the director now directly owns 25,692 shares in the company, valued at $2,709,735.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,346 shares of company stock worth $19,465,948. 1.40% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

Church & Dwight stock traded up $1.61 during midday trading on Monday, hitting $109.31. The company’s stock had a trading volume of 1,080,317 shares, compared to its average volume of 1,251,742. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $109.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. The company has a 50-day moving average price of $106.01 and a two-hundred day moving average price of $101.20. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 3.51 and a beta of 0.51.

Church & Dwight (NYSE:CHDGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s payout ratio is presently 35.87%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHD shares. JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 3rd. Barclays cut their target price on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a report on Monday, May 6th. Truist Financial increased their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Oppenheimer increased their price objective on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $106.19.

Read Our Latest Research Report on Church & Dwight

Church & Dwight Company 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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