Mutual of America Capital Management LLC Lowers Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Mutual of America Capital Management LLC lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,484 shares of the company’s stock after selling 954 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Church & Dwight were worth $4,030,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its position in Church & Dwight by 2.8% in the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after purchasing an additional 99 shares during the last quarter. Garner Asset Management Corp increased its position in Church & Dwight by 5.1% in the first quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock worth $215,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Church & Dwight by 0.3% in the third quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock worth $3,358,000 after purchasing an additional 104 shares during the last quarter. Elk River Wealth Management LLC increased its position in Church & Dwight by 0.3% in the second quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock worth $3,595,000 after purchasing an additional 114 shares during the last quarter. Finally, Gateway Advisory LLC increased its position in Church & Dwight by 4.4% in the second quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock worth $296,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

CHD opened at $112.33 on Friday. Church & Dwight Co., Inc. has a 52-week low of $90.26 and a 52-week high of $112.85. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The company has a market cap of $27.52 billion, a P/E ratio of 50.37, a price-to-earnings-growth ratio of 4.06 and a beta of 0.55. The firm’s 50-day moving average price is $104.01 and its 200-day moving average price is $104.19.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.2838 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.01%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Buying and Selling

In other Church & Dwight news, CEO Matthew Farrell sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,704,740.96. This represents a 72.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, 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. In the last quarter, insiders have sold 490,613 shares of company stock worth $50,858,457. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CHD shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. TD Cowen boosted their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a research report on Monday, September 9th. Barclays cut their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Piper Sandler began coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.53.

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.