Pathway Financial Advisors LLC Lowers Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Pathway Financial Advisors LLC lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,786 shares of the company’s stock after selling 250 shares during the period. Church & Dwight accounts for 0.6% of Pathway Financial Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Pathway Financial Advisors LLC’s holdings in Church & Dwight were worth $2,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC acquired a new position in Church & Dwight in the first quarter valued at $26,000. Crewe Advisors LLC acquired a new position in Church & Dwight in the first quarter valued at $28,000. Roble Belko & Company Inc acquired a new position in shares of Church & Dwight during the first quarter worth about $31,000. Rothschild Investment LLC acquired a new position in shares of Church & Dwight during the second quarter worth about $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Church & Dwight during the second quarter worth about $33,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $100.09 on Wednesday. The stock has a market cap of $24.47 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 3.74 and a beta of 0.54. The business has a fifty day simple moving average of $102.30 and a 200-day simple moving average of $104.13. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $110.31.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $0.92 earnings per share. Church & Dwight’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.13%. Church & Dwight’s dividend payout ratio (DPR) is currently 35.87%.

Wall Street Analyst Weigh In

CHD has been the topic of a number of recent research reports. Barclays boosted their price objective on Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. Argus boosted their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Truist Financial cut their price target 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. BNP Paribas assumed coverage on Church & Dwight in a research note on Monday, June 24th. They issued a “neutral” rating and a $114.00 price target on the stock. Finally, Evercore ISI cut their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.25.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.