Cibc World Markets Corp Has $10.06 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Cibc World Markets Corp increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 96,109 shares of the company’s stock after purchasing an additional 12,728 shares during the period. Cibc World Markets Corp’s holdings in Church & Dwight were worth $10,064,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Holocene Advisors LP acquired a new stake in shares of Church & Dwight in the 3rd quarter valued at $104,795,000. State Street Corp lifted its position in shares of Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after buying an additional 969,006 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Church & Dwight in the fourth quarter valued at about $76,565,000. World Investment Advisors LLC bought a new position in Church & Dwight in the third quarter valued at about $58,338,000. Finally, Barclays PLC raised its stake in Church & Dwight by 63.9% during the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock worth $115,832,000 after acquiring an additional 431,257 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Down 1.8 %

Shares of NYSE CHD opened at $107.33 on Wednesday. The company’s 50 day moving average price is $107.08 and its 200-day moving average price is $105.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The company has a market capitalization of $26.40 billion, a P/E ratio of 45.29, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last released its 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 net margin of 9.58% and a return on equity of 20.03%. During the same period last year, the business earned $0.65 EPS. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.10%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

Insiders Place Their Bets

In other news, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This trade represents a 63.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, 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. Over the last three months, insiders sold 65,570 shares of company stock worth $7,538,449. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHD. Barclays raised their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Piper Sandler decreased their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Stifel Nicolaus raised their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.