Mutual of America Capital Management LLC Reduces Position in Church & Dwight Co., Inc. (NYSE:CHD)

Mutual of America Capital Management LLC reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 23.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,309 shares of the company’s stock after selling 9,175 shares during the period. Mutual of America Capital Management LLC’s holdings in Church & Dwight were worth $3,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Holocene Advisors LP purchased a new position in Church & Dwight in the 3rd quarter worth approximately $104,795,000. State Street Corp lifted its position in Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after buying an additional 969,006 shares in the last quarter. World Investment Advisors LLC acquired a new position in Church & Dwight during the third quarter worth $58,338,000. Barclays PLC grew its holdings in Church & Dwight by 63.9% in the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after buying an additional 431,257 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after acquiring an additional 429,863 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CHD shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a report 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 research note on Monday, February 3rd. Stifel Nicolaus upped their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Barclays raised their target price on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $111.56.

Insider Buying and Selling at Church & Dwight

In other news, EVP Michael Read bought 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the purchase, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the sale, the director now owns 32,500 shares in the company, valued at approximately $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,002 shares of company stock valued at $1,061,315. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Up 0.2 %

Church & Dwight stock opened at $110.92 on Friday. The firm has a market capitalization of $27.28 billion, a P/E ratio of 46.80, a P/E/G ratio of 3.32 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month high of $114.60. The stock’s fifty day simple moving average is $106.10 and its 200-day simple moving average is $105.27.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results 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 period last year, the company posted $0.65 EPS. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is 49.79%.

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.