Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Citigroup Inc.

Citigroup Inc. increased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 337,738 shares of the company’s stock after acquiring an additional 28,129 shares during the period. Citigroup Inc. owned approximately 0.14% of Church & Dwight worth $35,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings 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. Allspring Global Investments Holdings LLC raised its position in shares of Church & Dwight by 5.5% in the 3rd 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 period. Charles Schwab Investment Management Inc. boosted its holdings in Church & Dwight by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after acquiring an additional 16,257 shares during the last quarter. Millennium Management LLC grew its position in Church & Dwight by 1,617.3% during the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after acquiring an additional 1,217,568 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Church & Dwight by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock worth $121,191,000 after acquiring an additional 159,233 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at $1,158,361.75. This trade represents a 81.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 535,733 shares of company stock valued at $55,920,470 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Trading Down 0.3 %

Church & Dwight stock opened at $111.90 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $113.50. The firm’s 50-day moving average is $104.17 and its 200-day moving average is $104.20. The company has a market cap of $27.42 billion, a P/E ratio of 50.18, a PEG ratio of 4.09 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. Church & Dwight’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. The ex-dividend date is Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.01%. Church & Dwight’s dividend payout ratio is presently 50.67%.

Analysts Set New Price Targets

Several research analysts recently commented on CHD shares. Evercore ISI cut their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Truist Financial decreased their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus decreased their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.53.

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.