MetLife Investment Management LLC Has $6.66 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

MetLife Investment Management LLC lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 63,638 shares of the company’s stock after selling 1,570 shares during the quarter. MetLife Investment Management LLC’s holdings in Church & Dwight were worth $6,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after acquiring an additional 429,863 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Church & Dwight by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after purchasing an additional 175,221 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Church & Dwight by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock worth $146,556,000 after purchasing an additional 16,257 shares during the last quarter. Millennium Management LLC lifted its holdings in Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after purchasing an additional 1,217,568 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Church & Dwight by 15.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock valued at $121,191,000 after purchasing an additional 159,233 shares during the period. Institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CHD shares. Wells Fargo & Company upped their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Truist Financial dropped 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. Piper Sandler started coverage on Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Finally, Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a research note on Monday, September 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $108.53.

Insider Transactions at Church & Dwight

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 stock was sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the sale, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at $1,158,361.75. This represents a 81.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, 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 have sold 543,513 shares of company stock valued at $56,795,253 over the last ninety days. 2.00% of the stock is owned by company insiders.

Church & Dwight Stock Down 0.1 %

Shares of NYSE:CHD opened at $110.20 on Friday. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $113.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The business’s 50-day moving average is $104.87 and its 200-day moving average is $104.35. The company has a market capitalization of $27.00 billion, a price-to-earnings ratio of 49.42, a P/E/G ratio of 4.04 and a beta of 0.55.

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

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.03%. Church & Dwight’s dividend payout ratio is 50.67%.

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.