Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.7% during the third quarter, Holdings Channel reports. The firm owned 8,016,345 shares of the company’s stock after purchasing an additional 429,863 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Church & Dwight were worth $839,472,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CHD. Capital Performance Advisors LLP purchased a new stake in Church & Dwight in the third quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new position in Church & Dwight during the 1st quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight in the third quarter valued at $28,000. Rothschild Investment LLC purchased a new stake in shares of Church & Dwight in the second quarter valued at about $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake 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.

Analysts Set New Price Targets

CHD has been the topic of several recent research reports. Piper Sandler began coverage on Church & Dwight in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Barclays lowered 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. Evercore ISI cut their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Finally, Wells Fargo & Company lifted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.53.

Insider Transactions at Church & Dwight

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction 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 transaction, the director now directly owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. This trade represents a 61.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,704,740.96. This represents a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 490,613 shares of company stock worth $50,858,457 over the last quarter. 2.00% of the stock is currently owned by insiders.

Church & Dwight Stock Performance

NYSE CHD opened at $112.33 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $112.85. The business has a fifty day moving average of $104.01 and a 200-day moving average of $104.19. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of 50.37, a price-to-earnings-growth ratio of 4.06 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released its quarterly 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 company 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 firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. As a group, analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.2838 dividend. The ex-dividend date 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%.

Church & Dwight 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.