Mather Group LLC. Has $563,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Mather Group LLC. lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 18.3% during the fourth quarter, Holdings Channel reports. The fund owned 5,380 shares of the company’s stock after selling 1,202 shares during the quarter. Mather Group LLC.’s holdings in Church & Dwight were worth $563,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CHD. Czech National Bank lifted its position in shares of Church & Dwight by 7.0% during the 3rd quarter. Czech National Bank now owns 49,871 shares of the company’s stock valued at $5,222,000 after acquiring an additional 3,274 shares during the period. GAMMA Investing LLC raised its holdings in Church & Dwight by 4.1% during the third quarter. GAMMA Investing LLC now owns 4,890 shares of the company’s stock worth $512,000 after buying an additional 193 shares during the last quarter. Diversified Trust Co acquired a new position in Church & Dwight during the third quarter worth $278,000. Marquette Asset Management LLC acquired a new position in Church & Dwight during the third quarter worth $255,000. Finally, Wedmont Private Capital raised its holdings in Church & Dwight by 9.7% during the third quarter. Wedmont Private Capital now owns 4,514 shares of the company’s stock worth $447,000 after buying an additional 401 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,158,361.75. This represents a 81.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the completion of the sale, the director now directly owns 32,500 shares in the company, valued at approximately $3,448,575. The trade was a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,622 shares of company stock worth $12,842,559 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHD. Piper Sandler lowered their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday. Barclays upped their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.53.

Church & Dwight Price Performance

CHD opened at $107.24 on Thursday. The firm has a market cap of $26.27 billion, a P/E ratio of 45.25, a PEG ratio of 3.28 and a beta of 0.59. The firm has a 50-day moving average of $106.13 and a 200 day moving average of $104.28. 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 $96.09 and a fifty-two week high of $113.50.

Church & Dwight (NYSE:CHD) last posted its quarterly 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 last year, the company earned $0.65 earnings per share. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

About Church & Dwight

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.