Capital International Investors Sells 802,804 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Capital International Investors decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,536,448 shares of the company’s stock after selling 802,804 shares during the period. Capital International Investors owned approximately 3.48% of Church & Dwight worth $893,839,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CHD. Capital International Sarl boosted its holdings in shares of Church & Dwight by 33.5% during the 4th quarter. Capital International Sarl now owns 3,538 shares of the company’s stock valued at $370,000 after buying an additional 888 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Church & Dwight by 8.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 517,303 shares of the company’s stock worth $54,167,000 after purchasing an additional 42,360 shares during the period. Farringdon Capital Ltd. bought a new position in shares of Church & Dwight during the fourth quarter valued at approximately $909,000. MSH Capital Advisors LLC purchased a new position in shares of Church & Dwight during the fourth quarter valued at approximately $421,000. Finally, NewEdge Advisors LLC boosted its position in shares of Church & Dwight by 30.8% in the 4th quarter. NewEdge Advisors LLC now owns 25,770 shares of the company’s stock worth $2,698,000 after purchasing an additional 6,070 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $105.32 on Friday. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46. The firm has a market capitalization of $25.92 billion, a price-to-earnings ratio of 44.44, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $107.23 and a 200 day moving average of $106.08.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting 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 in the prior year, the firm posted $0.65 earnings per share. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.295 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio is currently 49.79%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHD. Wells Fargo & Company boosted their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Piper Sandler cut their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Stifel Nicolaus raised their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Truist Financial increased their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, UBS Group boosted their price objective on shares of Church & Dwight from $109.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $112.59.

Insider Activity at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the business’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 owns 10,497 shares in the company, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,570 shares of company stock valued at $7,538,449. Corporate insiders own 1.20% of the company’s stock.

Church & Dwight Company 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.