Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.2% during the third quarter, Holdings Channel.com reports. The firm owned 148,024 shares of the company’s stock after selling 238 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Church & Dwight were worth $15,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in shares of Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after buying an additional 1,217,568 shares in the last quarter. Marshall Wace LLP lifted its holdings in Church & Dwight by 4,161.5% in the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after acquiring an additional 1,074,588 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after purchasing an additional 429,863 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Church & Dwight by 394.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock worth $35,147,000 after purchasing an additional 267,801 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Church & Dwight by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock valued at $351,668,000 after purchasing an additional 175,221 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CHD. Truist Financial lowered their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Piper Sandler began coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective for the company. Evercore ISI decreased their target price on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. TD Cowen raised their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and a consensus target price of $108.53.

Church & Dwight Stock Performance

NYSE CHD opened at $110.13 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $26.98 billion, a PE ratio of 49.39, a price-to-earnings-growth ratio of 4.03 and a beta of 0.55. The business’s 50-day moving average price is $104.87 and its 200 day moving average price is $104.31. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $113.50.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insiders Place Their Bets

In related news, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the transaction, the director now owns 7,129 shares in the company, valued at approximately $740,275.36. This represents a 61.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 543,513 shares of company stock worth $56,795,253 over the last three months. 2.00% of the stock is owned by insiders.

About Church & Dwight

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.