XTX Topco Ltd Invests $451,000 in Church & Dwight Co., Inc. (NYSE:CHD)

XTX Topco Ltd acquired a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,303 shares of the company’s stock, valued at approximately $451,000.

Several other institutional investors and hedge funds have also made changes to their positions in CHD. Millennium Management LLC boosted 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 worth $134,043,000 after acquiring an additional 1,217,568 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Church & Dwight by 4,161.5% during the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock worth $114,091,000 after acquiring an additional 1,074,588 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Church & Dwight during the 3rd quarter worth about $104,795,000. State Street Corp lifted its holdings in shares of Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted 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. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CHD. Barclays reduced their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. TD Cowen boosted their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company upped their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and an average price target of $109.56.

Church & Dwight Stock Performance

NYSE CHD opened at $105.64 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $105.77 and its two-hundred day moving average is $104.42. Church & Dwight Co., Inc. has a 12-month low of $90.26 and a 12-month high of $113.50. The stock has a market capitalization of $25.88 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 3.86 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $0.74 EPS. Research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 50.67%.

Insider Buying and Selling

In other Church & Dwight news, EVP Rick Spann sold 39,520 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the sale, the executive vice president now owns 4,973 shares in the company, valued at approximately $556,976. This represents a 88.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,704,740.96. This trade represents a 72.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 583,035 shares of company stock worth $61,221,708 in the last quarter. Company 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.