Larson Financial Group LLC Buys 1,635 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Larson Financial Group LLC lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 149.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,730 shares of the company’s stock after purchasing an additional 1,635 shares during the period. Larson Financial Group LLC’s holdings in Church & Dwight were worth $286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in shares of Church & Dwight by 1,617.3% in 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 position in 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 buying an additional 1,074,588 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after buying an additional 429,863 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Church & Dwight by 394.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock worth $35,147,000 after buying an additional 267,801 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Church & Dwight by 5.5% during 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 last quarter. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHD has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Piper Sandler initiated coverage on shares of 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 dropped their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Barclays dropped their price objective 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. Finally, Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Three 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 data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and an average target price of $108.53.

Church & Dwight Trading Down 0.0 %

Shares of CHD stock opened at $110.34 on Thursday. The stock’s fifty day moving average is $104.56 and its two-hundred day moving average is $104.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The firm has a market capitalization of $27.03 billion, a P/E ratio of 49.48, a PEG ratio of 4.04 and a beta of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $113.50.

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 analysts’ consensus estimates of $0.68 by $0.11. The company 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 firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Research analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. Church & Dwight’s payout ratio is currently 50.67%.

Insider Transactions at Church & Dwight

In related news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This trade represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 543,513 shares of company stock worth $56,795,253 in the last quarter. Company insiders own 1.40% of the company’s stock.

Church & Dwight Company 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.