C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 47,266 Church & Dwight Co., Inc. (NYSE:CHD)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 47,266 shares of the company’s stock, valued at approximately $4,949,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in Church & Dwight in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of Church & Dwight during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Church & Dwight in the third quarter worth $28,000. Versant Capital Management Inc boosted its position 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 acquiring an additional 184 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Church & Dwight during the fourth quarter valued at $51,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Stock Performance

Church & Dwight stock opened at $105.98 on Thursday. Church & Dwight Co., Inc. has a 1-year low of $96.09 and a 1-year high of $113.50. The company’s 50-day moving average is $105.63 and its 200 day moving average is $104.45. The firm has a market capitalization of $25.97 billion, a P/E ratio of 44.72, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the company posted $0.65 earnings per share. Research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.295 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.11%. Church & Dwight’s dividend payout ratio is presently 47.68%.

Insider Buying and Selling

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $106.11, for a total value 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. This represents a 23.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Read purchased 1,100 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the transaction, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. This represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 102,422 shares of company stock valued at $11,424,351 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CHD shares. TD Cowen boosted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Truist Financial increased their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus upped their price objective on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Finally, Piper Sandler cut their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $111.53.

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.