Canada Pension Plan Investment Board Acquires 1,400 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Canada Pension Plan Investment Board raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453,170 shares of the company’s stock after acquiring an additional 1,400 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.19% of Church & Dwight worth $46,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CHD. Game Plan Financial Advisors LLC bought a new position in shares of Church & Dwight in the first quarter worth about $26,000. Crewe Advisors LLC purchased a new position in shares of Church & Dwight during the 1st quarter valued at $28,000. Roble Belko & Company Inc bought a new position in Church & Dwight in the 1st quarter worth $31,000. Rothschild Investment LLC purchased a new stake in Church & Dwight in the 2nd quarter worth $31,000. Finally, Creekmur Asset Management LLC bought a new stake in Church & Dwight during the fourth quarter valued at about $32,000. Institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction on Monday, August 5th. The shares were 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 directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

Church & Dwight Stock Performance

Shares of NYSE:CHD opened at $103.40 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $25.28 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54. The firm has a 50 day moving average of $102.00 and a 200 day moving average of $104.23. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31.

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

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s payout ratio is currently 35.87%.

Analysts Set New Price Targets

Several research analysts have weighed in on CHD shares. Stifel Nicolaus dropped their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. BNP Paribas assumed coverage on Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 price objective for the company. Truist Financial cut their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. TD Cowen assumed coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 target price for the company. Finally, Wells Fargo & Company dropped their price objective on shares of 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 research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus target price of $106.58.

About Church & Dwight

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.