US Bancorp DE Decreases Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

US Bancorp DE trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,100 shares of the company’s stock after selling 3,326 shares during the quarter. US Bancorp DE’s holdings in Church & Dwight were worth $8,493,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Millennium Management LLC lifted its position in Church & Dwight by 1,617.3% during the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after acquiring an additional 1,217,568 shares during the last quarter. Marshall Wace LLP increased its position in shares of Church & Dwight by 4,161.5% during the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock worth $114,091,000 after purchasing an additional 1,074,588 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of Church & Dwight during the 1st quarter valued at $69,384,000. Assenagon Asset Management S.A. boosted its position in shares of Church & Dwight by 394.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock worth $35,147,000 after purchasing an additional 267,801 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Church & Dwight by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after purchasing an additional 175,221 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Stock Performance

CHD opened at $104.75 on Monday. The stock has a market cap of $25.64 billion, a P/E ratio of 32.23, a P/E/G ratio of 3.69 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The firm has a fifty day moving average price of $102.89 and a 200 day moving average price of $104.03. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.2838 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.08%. Church & Dwight’s dividend payout ratio is currently 34.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CHD. TD Cowen assumed coverage on Church & Dwight in a research note on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price target on the stock. Truist Financial lowered their price objective on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus cut their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Piper Sandler initiated coverage on Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $107.50.

Church & Dwight Company 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.