Mizuho Markets Americas LLC Decreases Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Mizuho Markets Americas LLC lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,054 shares of the company’s stock after selling 170 shares during the period. Mizuho Markets Americas LLC’s holdings in Church & Dwight were worth $6,079,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CHD. Millennium Management LLC increased its position in shares of Church & Dwight by 1,617.3% during the 2nd 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 last quarter. Marshall Wace LLP raised its holdings in shares of Church & Dwight by 4,161.5% in the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock worth $114,091,000 after purchasing an additional 1,074,588 shares during the period. Capital Research Global Investors purchased a new position in Church & Dwight in the first quarter valued at approximately $69,384,000. Assenagon Asset Management S.A. grew its holdings in Church & Dwight by 394.9% during the third quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock valued at $35,147,000 after purchasing an additional 267,801 shares during the period. Finally, Allspring Global Investments Holdings LLC increased 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 worth $351,668,000 after buying an additional 175,221 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Performance

NYSE CHD opened at $109.02 on Friday. The firm has a market cap of $26.71 billion, a price-to-earnings ratio of 48.89, a PEG ratio of 3.95 and a beta of 0.55. Church & Dwight Co., Inc. has a 12-month low of $90.26 and a 12-month high of $110.31. The company has a 50-day simple moving average of $103.48 and a two-hundred day simple moving average of $104.06. 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 (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Wall Street Analysts Forecast Growth

CHD has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Piper Sandler began coverage on Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Evercore ISI reduced their target price on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 5th. Finally, Barclays lowered their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus price target of $108.53.

Insider Buying and Selling at Church & Dwight

In related news, CEO Matthew Farrell sold 300,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,704,740.96. The trade was a 72.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the sale, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 490,613 shares of company stock worth $50,858,457. 2.00% of the stock is currently owned by company 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.