AlphaQuest LLC Cuts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

AlphaQuest LLC lessened its position in Church & Dwight Co., Inc. (NYSE:CHD) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,243 shares of the company’s stock after selling 176 shares during the quarter. AlphaQuest LLC’s holdings in Church & Dwight were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CHD. YANKCOM Partnership purchased a new stake in shares of Church & Dwight during the fourth quarter worth $25,000. Versant Capital Management Inc lifted its stake in Church & Dwight by 224.4% in the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Church & Dwight during the 4th quarter worth approximately $43,000. Golden State Wealth Management LLC purchased a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $51,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Church & Dwight by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 559 shares of the company’s stock valued at $59,000 after purchasing an additional 173 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHD. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Barclays lifted their target price on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Truist Financial increased their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Sandler decreased their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Stifel Nicolaus raised their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.56.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Michael Read bought 1,100 shares of Church & Dwight stock in a transaction on Monday, December 16th. The stock was bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,061,100.00. Following the transaction, the director now directly owns 32,500 shares in the company, valued at approximately $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,570 shares of company stock valued at $8,599,549. 1.40% of the stock is owned by company insiders.

Church & Dwight Trading Down 0.6 %

Shares of Church & Dwight stock opened at $109.15 on Friday. The company’s fifty day moving average is $106.84 and its two-hundred day moving average is $105.68. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company has a market capitalization of $26.85 billion, a P/E ratio of 46.05, a PEG ratio of 3.32 and a beta of 0.57.

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, meeting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the previous year, the firm posted $0.65 EPS. Analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.08%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is 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.