M3 Advisory Group LLC Acquires New Stake in Church & Dwight Co., Inc. (NYSE:CHD)

M3 Advisory Group LLC acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,214 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds also recently bought and sold shares of the company. Game Plan Financial Advisors LLC purchased a new stake in Church & Dwight during the first quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in Church & Dwight during the first quarter valued at $28,000. Roble Belko & Company Inc bought a new stake in Church & Dwight during the first quarter valued at about $31,000. Rothschild Investment LLC bought a new stake in Church & Dwight during the second quarter valued at about $31,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Church & Dwight during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 0.3 %

Shares of Church & Dwight stock traded down $0.36 during trading on Friday, reaching $104.59. The company’s stock had a trading volume of 246,183 shares, compared to its average volume of 1,358,380. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The company has a market cap of $25.57 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 3.81 and a beta of 0.54. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $110.31. The company has a 50-day simple moving average of $102.67 and a two-hundred day simple moving average of $104.04.

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

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.2838 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.09%. Church & Dwight’s payout ratio is currently 35.87%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction dated 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 transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $429,179.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHD. Stifel Nicolaus dropped their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Evercore ISI dropped their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. Truist Financial dropped their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. TD Cowen assumed coverage on Church & Dwight in a research note on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on Church & Dwight from $97.00 to $98.00 and gave the company an “underweight” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus price target of $107.50.

Church & Dwight Company Profile

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.