MQS Management LLC Makes New $1.27 Million Investment in Church & Dwight Co., Inc. (NYSE:CHD)

MQS Management LLC purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,290 shares of the company’s stock, valued at approximately $1,274,000. Church & Dwight makes up 0.8% of MQS Management LLC’s investment portfolio, making the stock its 2nd largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nomura Holdings Inc. raised its holdings in Church & Dwight by 442.1% in the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after acquiring an additional 11,538 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Church & Dwight by 13.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after acquiring an additional 39,695 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Church & Dwight by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after purchasing an additional 23,754 shares during the last quarter. Cim LLC purchased a new stake in Church & Dwight during the 4th quarter worth about $3,188,000. Finally, UBS Group AG boosted its holdings in Church & Dwight by 16.1% in the fourth quarter. UBS Group AG now owns 619,433 shares of the company’s stock valued at $58,574,000 after purchasing an additional 86,045 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the sale, the executive vice president now owns 4,319 shares in the company, valued at approximately $429,179.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of research analyst reports. Barclays lifted their target price on Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Truist Financial decreased their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. BNP Paribas started coverage on shares of Church & Dwight in a report on Monday, June 24th. They issued a “neutral” rating and a $114.00 target price for the company. Argus raised their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Wells Fargo & Company reduced their price objective on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average target price of $106.58.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $102.61 on Thursday. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $110.31. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54. The business’s 50 day simple moving average is $102.06 and its 200-day simple moving average is $104.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a $0.2838 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. Church & Dwight’s dividend payout ratio is presently 35.87%.

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.