AdvisorShares Investments LLC Purchases 4,264 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

AdvisorShares Investments LLC increased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 148.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,128 shares of the company’s stock after acquiring an additional 4,264 shares during the period. AdvisorShares Investments LLC’s holdings in Church & Dwight were worth $748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHD. AGF Management Ltd. acquired a new position in Church & Dwight in the second quarter worth $2,308,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in Church & Dwight by 5.2% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,742 shares of the company’s stock worth $284,000 after buying an additional 135 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Church & Dwight by 9.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 26,779 shares of the company’s stock worth $2,776,000 after acquiring an additional 2,223 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new stake in Church & Dwight in the 2nd quarter valued at about $207,000. Finally, Choreo LLC acquired a new stake in Church & Dwight in the 2nd quarter valued at about $436,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total value of $5,847,978.00. Following the sale, the executive vice president now directly owns 10,325 shares in the company, valued at $1,104,775. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,104,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,722 shares of company stock worth $20,986,416. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 0.3 %

NYSE CHD opened at $105.94 on Wednesday. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $110.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The firm has a market cap of $25.94 billion, a P/E ratio of 33.63, a P/E/G ratio of 3.55 and a beta of 0.54. The stock’s 50-day moving average is $102.26 and its 200-day moving average is $104.09.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s payout ratio is presently 35.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CHD shares. BNP Paribas began coverage on shares of Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 price target on the stock. Argus increased their price objective on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Barclays boosted their target price on Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Truist Financial decreased their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.58.

About Church & Dwight

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.