Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Liberty Capital Management Inc.

Liberty Capital Management Inc. cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,259 shares of the company’s stock after selling 551 shares during the period. Liberty Capital Management Inc.’s holdings in Church & Dwight were worth $4,740,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings in Church & Dwight by 1.0% in the first quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock valued at $948,968,000 after acquiring an additional 92,862 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Church & Dwight by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company’s stock valued at $786,566,000 after purchasing an additional 153,127 shares during the period. Allspring Global Investments Holdings LLC raised its position in Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock valued at $351,668,000 after purchasing an additional 175,221 shares during the period. ProShare Advisors LLC raised its position in Church & Dwight by 1.8% in the first quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock valued at $186,028,000 after purchasing an additional 31,145 shares during the period. Finally, Millennium Management LLC raised its position in Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after purchasing an additional 1,217,568 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Down 1.2 %

Shares of NYSE CHD opened at $102.69 on Wednesday. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The company has a market capitalization of $25.14 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 3.86 and a beta of 0.54. 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’s 50-day moving average is $102.82 and its two-hundred day moving average is $104.06.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 34.77%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial cut their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on Church & Dwight from $97.00 to $98.00 and gave the stock an “underweight” rating in a research report on Friday, October 11th. Evercore ISI cut their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. Wells Fargo & Company dropped their target price on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. 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 price objective on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.50.

Insider Buying and Selling at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

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.