Corebridge Financial Inc. Reduces Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Corebridge Financial Inc. lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 4.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 80,181 shares of the company’s stock after selling 3,504 shares during the period. Corebridge Financial Inc.’s holdings in Church & Dwight were worth $8,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Lake Street Advisors Group LLC increased its stake in shares of Church & Dwight by 3.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company’s stock worth $282,000 after acquiring an additional 97 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Church & Dwight by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company’s stock valued at $2,199,000 after purchasing an additional 103 shares during the last quarter. Whittier Trust Co. grew its position in Church & Dwight by 3.2% during the 4th quarter. Whittier Trust Co. now owns 3,295 shares of the company’s stock worth $345,000 after purchasing an additional 103 shares during the period. HCR Wealth Advisors raised its stake in shares of Church & Dwight by 0.9% during the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock valued at $1,231,000 after buying an additional 106 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Church & Dwight by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company’s stock valued at $353,000 after buying an additional 107 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Piper Sandler dropped their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Barclays boosted their target price on shares of Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Finally, Truist Financial upped their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $111.81.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $108.50 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The business has a 50 day simple moving average of $107.60 and a two-hundred day simple moving average of $105.91. The stock has a market capitalization of $26.70 billion, a P/E ratio of 45.78, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting 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 period last year, the company posted $0.65 EPS. As a group, analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.295 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.09%. Church & Dwight’s dividend payout ratio is presently 49.79%.

Insiders Place Their Bets

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the transaction, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock valued at $7,538,449 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Company Profile

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.