Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,108,073 shares of the company’s stock after selling 10,854 shares during the period. California Public Employees Retirement System owned 0.45% of Church & Dwight worth $116,026,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. YANKCOM Partnership acquired a new stake in Church & Dwight during the 4th quarter worth $25,000. Versant Capital Management Inc boosted its stake in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight during the fourth quarter worth about $39,000. Bank of Jackson Hole Trust purchased a new position in shares of Church & Dwight during the fourth quarter worth about $43,000. Finally, Golden State Wealth Management LLC purchased a new stake in Church & Dwight during the 4th quarter valued at approximately $51,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHD has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Truist Financial boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Sandler reduced their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, Barclays raised their price objective on shares of Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.81.

Church & Dwight Stock Up 0.8 %

Church & Dwight stock opened at $110.01 on Tuesday. The firm has a market capitalization of $27.08 billion, a price-to-earnings ratio of 46.42, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The stock’s fifty day moving average is $107.72 and its two-hundred day moving average is $106.00.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 quarter in the prior year, the company posted $0.65 earnings per share. Analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.07%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is presently 49.79%.

Insider Buying and Selling at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at $707,941.26. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,570 shares of company stock worth $7,538,449. 2.00% of the stock is owned by insiders.

Church & Dwight Company 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.