Mackenzie Financial Corp Lowers Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Mackenzie Financial Corp lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 5.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 112,242 shares of the company’s stock after selling 6,593 shares during the period. Mackenzie Financial Corp’s holdings in Church & Dwight were worth $11,637,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Millennium Management LLC lifted its position in shares of Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after purchasing an additional 1,217,568 shares during the period. MBB Public Markets I LLC purchased a new stake in shares of Church & Dwight in the 2nd quarter worth approximately $1,844,000. D. E. Shaw & Co. Inc. lifted its position in shares of Church & Dwight by 55.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 241,801 shares of the company’s stock worth $25,070,000 after purchasing an additional 86,318 shares during the period. Dark Forest Capital Management LP lifted its position in shares of Church & Dwight by 16.2% in the 2nd quarter. Dark Forest Capital Management LP now owns 5,323 shares of the company’s stock worth $552,000 after purchasing an additional 741 shares during the period. Finally, Deerfield Management Company L.P. Series C purchased a new stake in Church & Dwight during the second quarter valued at approximately $449,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Up 1.4 %

NYSE:CHD opened at $104.39 on Monday. The firm has a market capitalization of $25.56 billion, a P/E ratio of 33.14, a PEG ratio of 3.86 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The company’s fifty day moving average price is $102.10 and its 200-day moving average price is $104.20. 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 released its quarterly earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.84 by $0.09. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given 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 1.09%. Church & Dwight’s dividend payout ratio is presently 35.87%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CHD shares. Barclays increased their target price on shares of Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Truist Financial decreased their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, August 5th. BNP Paribas started coverage on shares of Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price for the company. TD Cowen started coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $107.25.

Insider Activity at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the firm’s 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 sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

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.