Mizuho Markets Americas LLC Has $6.08 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Mizuho Markets Americas LLC decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,054 shares of the company’s stock after selling 170 shares during the period. Mizuho Markets Americas LLC’s holdings in Church & Dwight were worth $6,079,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank raised its stake in Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock worth $5,242,000 after acquiring an additional 394 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Church & Dwight by 13.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after purchasing an additional 39,695 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Church & Dwight by 74.6% in the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock valued at $7,032,000 after buying an additional 28,986 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Church & Dwight by 160.1% during the first quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock worth $2,454,000 after buying an additional 14,483 shares during the last quarter. Finally, Natixis increased its holdings in shares of Church & Dwight by 434.9% during the first quarter. Natixis now owns 26,121 shares of the company’s stock worth $2,725,000 after buying an additional 21,238 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHD has been the topic of several recent research reports. Piper Sandler initiated coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Stifel Nicolaus reduced their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Barclays reduced their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Finally, TD Cowen raised their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $108.53.

Church & Dwight Price Performance

Shares of CHD opened at $109.02 on Friday. The business’s 50 day moving average price is $103.48 and its two-hundred day moving average price is $104.06. The firm has a market cap of $26.71 billion, a PE ratio of 48.89, a price-to-earnings-growth ratio of 3.95 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. Church & Dwight Co., Inc. has a 52-week low of $90.26 and a 52-week high of $110.31.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

Insider Activity at Church & Dwight

In related news, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the transaction, the director now owns 7,129 shares of the company’s stock, valued at $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 490,613 shares of company stock valued at $50,858,457. 2.00% of the stock is owned by company insiders.

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.