Citigroup Inc. Has $35.37 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Citigroup Inc. grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 337,738 shares of the company’s stock after buying an additional 28,129 shares during the quarter. Citigroup Inc.’s holdings in Church & Dwight were worth $35,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Empowered Funds LLC raised its position in Church & Dwight by 2.8% during the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock valued at $382,000 after acquiring an additional 99 shares in the last quarter. Garner Asset Management Corp increased its stake in shares of Church & Dwight by 5.1% during the 1st quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock worth $215,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Church & Dwight by 0.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock valued at $3,358,000 after purchasing an additional 104 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Church & Dwight by 2.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company’s stock valued at $577,000 after purchasing an additional 113 shares in the last quarter. Finally, Elk River Wealth Management LLC boosted its holdings in Church & Dwight by 0.3% in the second quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock worth $3,595,000 after purchasing an additional 114 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Down 0.3 %

Church & Dwight stock opened at $111.90 on Monday. The firm has a market capitalization of $27.42 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 4.09 and a beta of 0.55. The company’s 50 day simple moving average is $104.17 and its 200 day simple moving average is $104.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $113.50.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s payout ratio is currently 50.67%.

Insider Activity

In other news, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the sale, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This trade represents a 61.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the transaction, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,158,361.75. The trade was a 81.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 535,733 shares of company stock worth $55,920,470 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on CHD. Evercore ISI cut their target price on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Piper Sandler began coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Stifel Nicolaus dropped their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Finally, Truist Financial lowered their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.53.

Church & Dwight 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.