Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,391 shares of the company’s stock after selling 2,766 shares during the quarter. Church & Dwight accounts for 2.3% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 16th largest position. Mountain Pacific Investment Advisers LLC’s holdings in Church & Dwight were worth $32,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Church & Dwight by 15.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock worth $121,191,000 after buying an additional 159,233 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Church & Dwight by 173.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,310 shares of the company’s stock worth $965,000 after purchasing an additional 5,910 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Church & Dwight by 1.6% in the 2nd quarter. Pacer Advisors Inc. now owns 44,099 shares of the company’s stock valued at $4,572,000 after purchasing an additional 682 shares in the last quarter. Sei Investments Co. lifted its position in shares of Church & Dwight by 10.0% during the second quarter. Sei Investments Co. now owns 197,553 shares of the company’s stock worth $20,482,000 after purchasing an additional 17,887 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Church & Dwight by 5.6% in the second quarter. Thrivent Financial for Lutherans now owns 28,628 shares of the company’s stock worth $2,969,000 after purchasing an additional 1,529 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CHD shares. JPMorgan Chase & Co. increased their target price on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Barclays raised their price objective on Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday. Piper Sandler boosted their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Stifel Nicolaus reduced their price target on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two investment 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $110.61.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Michael Read acquired 1,100 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This represents a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 593,035 shares of company stock valued at $62,282,808. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Stock Performance

CHD stock opened at $106.42 on Tuesday. The company has a 50-day simple moving average of $106.86 and a 200 day simple moving average of $104.04. The company has a market capitalization of $26.07 billion, a P/E ratio of 47.72, a PEG ratio of 3.28 and a beta of 0.58. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a fifty-two week low of $96.09 and a fifty-two week high of $113.50.

Church & Dwight (NYSE:CHD) last issued 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Church & Dwight Profile

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.