Mirae Asset Global Investments Co. Ltd. Raises Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 22.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,749 shares of the company’s stock after buying an additional 4,991 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Church & Dwight were worth $2,792,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CHD. Crewe Advisors LLC purchased a new position in shares of Church & Dwight during the 1st quarter valued at $28,000. Rothschild Investment LLC purchased a new position in shares of Church & Dwight during the 2nd quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Church & Dwight during the 2nd quarter valued at $33,000. Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight during the 2nd quarter valued at $38,000. Finally, Kimelman & Baird LLC purchased a new stake in Church & Dwight during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $100.63 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $24.64 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 3.72 and a beta of 0.54. The business’s 50-day moving average price is $102.93 and its 200-day moving average price is $104.05. 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 EPS for the quarter, beating the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction that occurred on 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CHD shares. Evercore ISI dropped their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Truist Financial dropped their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus dropped their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Barclays increased their price objective on Church & Dwight from $82.00 to $86.00 and gave the stock an “underweight” rating in a report on Friday, October 11th. Finally, Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a report on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $107.50.

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.