Geode Capital Management LLC Reduces Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Geode Capital Management LLC cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,767,156 shares of the company’s stock after selling 346,988 shares during the period. Geode Capital Management LLC owned 2.35% of Church & Dwight worth $601,864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC increased its position in Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after purchasing an additional 1,217,568 shares during the period. 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 worth $114,091,000 after buying an additional 1,074,588 shares during the period. Holocene Advisors LP bought a new stake in Church & Dwight during the 3rd quarter valued at approximately $104,795,000. State Street Corp raised its position in shares of Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after acquiring an additional 969,006 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Church & Dwight in the 3rd quarter worth approximately $58,338,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of CHD opened at $105.33 on Friday. The firm has a market cap of $25.81 billion, a PE ratio of 47.23, a P/E/G ratio of 3.86 and a beta of 0.57. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $113.50. 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 firm has a fifty day simple moving average of $105.60 and a two-hundred day simple moving average of $104.42.

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

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.08%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 45,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,158,361.75. This trade represents a 81.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew Farrell sold 300,000 shares of the business’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 directly owns 112,719 shares in the company, valued at $11,704,740.96. The trade was a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 583,035 shares of company stock valued at $61,221,708 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a report on Monday, September 9th. Piper Sandler started coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target for the company. 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 note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Barclays cut their price target on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.