Chevy Chase Trust Holdings LLC Has $15.02 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Chevy Chase Trust Holdings LLC lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 0.8% during the first quarter, HoldingsChannel.com reports. The firm owned 143,994 shares of the company’s stock after selling 1,188 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Church & Dwight were worth $15,020,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Morgan Stanley grew its position in shares of Church & Dwight by 1.9% in the 3rd quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock valued at $301,645,000 after purchasing an additional 61,090 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Church & Dwight by 12.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 26,356 shares of the company’s stock worth $2,415,000 after acquiring an additional 2,966 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Church & Dwight by 325.1% during the third quarter. EP Wealth Advisors LLC now owns 7,983 shares of the company’s stock worth $731,000 after buying an additional 6,105 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Church & Dwight by 601.8% during the third quarter. Wellington Management Group LLP now owns 27,756 shares of the company’s stock worth $2,543,000 after purchasing an additional 23,801 shares during the period. Finally, Citigroup Inc. raised its holdings in Church & Dwight by 14.3% in the 3rd quarter. Citigroup Inc. now owns 376,648 shares of the company’s stock valued at $34,512,000 after acquiring an additional 47,089 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America upped their price objective on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft increased their price target on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Argus raised their target price on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Oppenheimer increased their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Finally, Truist Financial increased their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $106.65.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,654 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at $1,104,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the sale, the executive vice president now directly owns 10,325 shares in the company, valued at $1,104,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares in the company, valued at $813,479.04. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock worth $19,465,948 over the last three months. Insiders own 1.40% of the company’s stock.

Church & Dwight Price Performance

Shares of NYSE:CHD traded up $0.72 during trading on Thursday, reaching $105.57. 38,509 shares of the company’s stock traded hands, compared to its average volume of 1,300,833. The firm has a market cap of $25.81 billion, a PE ratio of 33.15, a P/E/G ratio of 3.44 and a beta of 0.52. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The company has a 50-day simple moving average of $106.56 and a 200-day simple moving average of $102.69.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

About Church & Dwight

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.