Ceera Investments LLC Sells 1,290 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Ceera Investments LLC trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,176 shares of the company’s stock after selling 1,290 shares during the period. Ceera Investments LLC’s holdings in Church & Dwight were worth $751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. YANKCOM Partnership acquired a new stake in Church & Dwight in the 4th quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of Church & Dwight during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the 3rd quarter worth about $28,000. Versant Capital Management Inc boosted its holdings in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight during the 4th quarter worth about $39,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the transaction, the director now owns 32,500 shares in the company, valued at approximately $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Read purchased 1,100 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the acquisition, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 10,002 shares of company stock valued at $1,061,315. Company insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

Shares of CHD opened at $112.48 on Friday. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $114.60. The business has a 50-day simple moving average of $106.23 and a two-hundred day simple moving average of $105.38. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The stock has a market cap of $27.67 billion, a PE ratio of 47.46, a PEG ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting 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 in the previous year, the firm posted $0.65 earnings per share. Analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.05%. Church & Dwight’s dividend payout ratio is presently 49.79%.

Analyst Upgrades and Downgrades

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

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.