American International Group Inc. Raises Position in Church & Dwight Co., Inc. (NYSE:CHD)

American International Group Inc. grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,726 shares of the company’s stock after purchasing an additional 799 shares during the quarter. American International Group Inc.’s holdings in Church & Dwight were worth $8,674,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Syon Capital LLC raised its position in shares of Church & Dwight by 18.3% in the 4th quarter. Syon Capital LLC now owns 2,593 shares of the company’s stock worth $245,000 after buying an additional 401 shares during the period. Cim LLC purchased a new position in shares of Church & Dwight in the 4th quarter worth $3,188,000. V Square Quantitative Management LLC raised its position in shares of Church & Dwight by 24.0% in the 4th quarter. V Square Quantitative Management LLC now owns 5,235 shares of the company’s stock worth $495,000 after buying an additional 1,013 shares during the period. Unigestion Holding SA raised its position in shares of Church & Dwight by 9.5% in the 4th quarter. Unigestion Holding SA now owns 300,571 shares of the company’s stock worth $28,422,000 after buying an additional 26,008 shares during the period. Finally, Elo Mutual Pension Insurance Co raised its position in shares of Church & Dwight by 5.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 21,482 shares of the company’s stock worth $2,031,000 after buying an additional 1,102 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Up 0.6 %

Shares of Church & Dwight stock opened at $109.91 on Wednesday. The business has a 50-day moving average of $106.17 and a 200-day moving average of $101.30. 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 market capitalization of $26.88 billion, a PE ratio of 34.89, a P/E/G ratio of 3.51 and a beta of 0.51. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $110.31.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were paid a $0.2838 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

Insider Buying and Selling

In related news, EVP Maynadier Patrick D. De sold 54,654 shares of Church & Dwight stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total value of $5,847,978.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at $1,104,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total value of $2,153,400.00. Following the transaction, the director now owns 13,793 shares of the company’s stock, valued at $1,485,092.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,346 shares of company stock worth $19,465,948. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CHD. HSBC increased their target price on Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Evercore ISI raised their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Truist Financial raised their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Barclays cut their price objective on Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a research report on Monday, May 6th. Finally, The Goldman Sachs Group assumed coverage on Church & Dwight in a research report on Friday, March 1st. They issued a “buy” rating and a $110.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average price target of $106.19.

Church & Dwight Company Profile

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.