Bank Julius Baer & Co. Ltd Zurich Grows Position in Church & Dwight Co., Inc. (NYSE:CHD)

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 7.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,214 shares of the company’s stock after buying an additional 842 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Church & Dwight were worth $1,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after purchasing an additional 429,863 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Church & Dwight by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock valued at $449,830,000 after purchasing an additional 21,607 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Church & Dwight by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,448,584 shares of the company’s stock valued at $151,681,000 after purchasing an additional 49,082 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Church & Dwight by 63.9% in the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after purchasing an additional 431,257 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHD has been the topic of several analyst reports. Truist Financial lifted their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus lifted their price target on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Piper Sandler decreased their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Barclays lifted their price target on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $111.56.

Insider Transactions at Church & Dwight

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Read bought 1,100 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. The trade was a 78.29 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 10,002 shares of company stock valued at $1,061,315 over the last three months. 2.00% of the stock is currently owned by insiders.

Church & Dwight Stock Performance

Shares of CHD stock opened at $112.48 on Monday. The stock has a fifty day moving average price of $106.23 and a 200 day moving average price of $105.40. The stock has a market cap of $27.67 billion, a PE ratio of 47.46, a P/E/G ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $114.60. 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 (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 business earned $0.65 earnings per share. Sell-side analysts forecast 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 issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.05%. 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. Church & Dwight’s payout ratio is 49.79%.

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.