CoreFirst Bank & Trust Invests $387,000 in Church & Dwight Co., Inc. (NYSE:CHD)

CoreFirst Bank & Trust acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,700 shares of the company’s stock, valued at approximately $387,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in Church & Dwight by 2.8% during the 3rd quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after purchasing an additional 99 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Church & Dwight by 5.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 30,266 shares of the company’s stock worth $3,170,000 after acquiring an additional 1,638 shares during the period. Quest Partners LLC acquired a new stake in shares of Church & Dwight during the third quarter worth $253,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Church & Dwight in the third quarter valued at $616,000. Finally, Pacer Advisors Inc. increased its stake in shares of Church & Dwight by 38.2% during the 3rd quarter. Pacer Advisors Inc. now owns 60,941 shares of the company’s stock valued at $6,382,000 after acquiring an additional 16,842 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHD has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Stifel Nicolaus upped their price target on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Truist Financial lifted their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $111.56.

Church & Dwight Stock Performance

Shares of CHD opened at $106.98 on Tuesday. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 3.32 and a beta of 0.57. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $107.50 and its two-hundred day moving average is $105.89. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the previous year, the firm earned $0.65 EPS. Analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.295 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio is currently 49.79%.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares in the company, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock worth $7,538,449 over the last ninety days. 2.00% of the stock is owned by insiders.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.