Church & Dwight Co., Inc. (NYSE:CHD) Stake Cut by Sunbelt Securities Inc.

Sunbelt Securities Inc. lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,848 shares of the company’s stock after selling 128 shares during the period. Sunbelt Securities Inc.’s holdings in Church & Dwight were worth $508,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CHD. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight during the 3rd quarter valued at $28,000. Rothschild Investment LLC purchased a new position in shares of Church & Dwight during the 2nd quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Church & Dwight in the second quarter worth $33,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight during the second quarter worth $38,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, EVP Rick Spann sold 39,520 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares in the company, valued at approximately $556,976. This trade represents a 88.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. This trade represents a 59.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 583,035 shares of company stock valued at $61,221,708. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Stock Down 0.2 %

NYSE CHD opened at $105.33 on Friday. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $113.50. The stock has a market cap of $25.81 billion, a PE ratio of 47.23, a PEG ratio of 3.86 and a beta of 0.57. The firm has a 50-day simple moving average of $105.60 and a 200 day simple moving average of $104.42. 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 (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping 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 analysts’ expectations of $1.50 billion. During the same period last year, the business earned $0.74 earnings per share. Church & Dwight’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.2838 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research report on Monday, September 9th. Barclays dropped their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Piper Sandler initiated coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. boosted 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average price target 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.