Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 13.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,730 shares of the company’s stock after selling 860 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Church & Dwight were worth $594,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC acquired a new stake in shares of Church & Dwight in the first quarter valued at $26,000. Crewe Advisors LLC purchased a new position in Church & Dwight during the 1st quarter valued at about $28,000. Roble Belko & Company Inc acquired a new position in Church & Dwight in the 1st quarter valued at about $31,000. Rothschild Investment LLC acquired a new stake in shares of Church & Dwight during the second quarter worth about $31,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Church & Dwight during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $102.61 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $110.31. The firm has a market capitalization of $25.12 billion, a P/E ratio of 32.57, a P/E/G ratio of 3.55 and a beta of 0.54. The company’s fifty day moving average price is $102.06 and its 200 day moving average price is $104.21.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.11%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares in the company, valued at approximately $429,179.03. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CHD. TD Cowen started coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They set a “buy” rating and a $116.00 target price on the stock. Truist Financial reduced their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research note on Monday, September 9th. Barclays increased their price target on Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI lowered their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.58.

Church & Dwight 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.