Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by KBC Group NV

KBC Group NV grew its position in Church & Dwight Co., Inc. (NYSE:CHD) by 48.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,409 shares of the company’s stock after purchasing an additional 33,614 shares during the period. KBC Group NV’s holdings in Church & Dwight were worth $10,829,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CHD. Capital Performance Advisors LLP purchased a new stake in Church & Dwight in the third quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new position in Church & Dwight during the 1st quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in Church & Dwight during the 3rd quarter valued at approximately $28,000. Rothschild Investment LLC purchased a new stake in shares of Church & Dwight in the 2nd quarter valued at $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight in the second quarter worth $33,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Up 1.3 %

CHD opened at $109.02 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $110.31. The company has a market cap of $26.71 billion, a PE ratio of 48.89, a price-to-earnings-growth ratio of 3.95 and a beta of 0.55. The company has a 50-day moving average price of $103.48 and a 200 day moving average price of $104.06.

Church & Dwight (NYSE:CHD) last announced 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. The business had revenue of $1.51 billion during 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 business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CHD. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. 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 report on Monday, September 9th. Piper Sandler began coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price target for the company. Finally, Stifel Nicolaus dropped their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $108.53.

Insider Activity

In other news, Director Bradley C. Irwin sold 13,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total value of $1,418,208.00. Following the completion of the sale, the director now directly owns 37,169 shares in the company, valued at $3,993,437.36. This represents a 26.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight 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 transaction, the chief executive officer now 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 490,613 shares of company stock worth $50,858,457 over the last three months. Insiders own 2.00% 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.