Mizuho Securities USA LLC Acquires 7,345 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Mizuho Securities USA LLC raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 46.3% in the 4th quarter, Holdings Channel reports. The firm owned 23,220 shares of the company’s stock after purchasing an additional 7,345 shares during the quarter. Mizuho Securities USA LLC’s holdings in Church & Dwight were worth $2,431,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Church & Dwight in the 4th quarter worth about $1,603,000. Millstone Evans Group LLC bought a new position in Church & Dwight in the 4th quarter worth about $111,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Church & Dwight by 50.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company’s stock worth $60,000 after acquiring an additional 193 shares during the period. Whittier Trust Co. raised its stake in shares of Church & Dwight by 3.2% during the fourth quarter. Whittier Trust Co. now owns 3,295 shares of the company’s stock valued at $345,000 after acquiring an additional 103 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $240,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Piper Sandler decreased their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Stifel Nicolaus boosted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Finally, Truist Financial increased their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $111.56.

Church & Dwight Stock Down 0.2 %

Church & Dwight stock opened at $106.98 on Tuesday. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The business has a fifty day moving average price of $107.50 and a 200-day moving average price of $105.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the business earned $0.65 EPS. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s payout ratio is presently 49.79%.

Insider Activity

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the transaction, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock valued at $7,538,449 over the last ninety days. 2.00% of the stock is currently owned by insiders.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.