Freedom Investment Management Inc. Grows Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Freedom Investment Management Inc. grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 15.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,345 shares of the company’s stock after buying an additional 443 shares during the period. Freedom Investment Management Inc.’s holdings in Church & Dwight were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Church & Dwight during the third quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Church & Dwight during the 3rd quarter valued at approximately $28,000. Rothschild Investment LLC bought a new position in Church & Dwight in the 2nd quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Church & Dwight in the 2nd quarter valued at approximately $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in Church & Dwight during the 2nd quarter valued at $38,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $110.13 on Friday. The stock’s 50-day moving average is $104.87 and its 200 day moving average is $104.33. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 49.39, a P/E/G ratio of 4.04 and a beta of 0.55. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $113.50. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last issued its quarterly 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 business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. During the same period last year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. The ex-dividend date is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.03%. Church & Dwight’s payout ratio is 50.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CHD shares. Barclays cut their price target on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. TD Cowen lifted their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company upped their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Finally, Piper Sandler initiated coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and an average target price of $108.53.

Insider Activity

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,158,361.75. This represents a 81.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the transaction, the chief accounting officer now owns 400 shares in the company, valued at $44,976. The trade was a 95.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 543,513 shares of company stock valued at $56,795,253. 2.00% of the stock is currently owned by insiders.

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.