Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by TD Asset Management Inc

Posted by Defense World Staff on May 5th, 2023

TD Asset Management Inc lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,899 shares of the company’s stock after selling 9,978 shares during the quarter. TD Asset Management Inc owned about 0.06% of Church & Dwight worth $11,035,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its position in shares of Church & Dwight by 12.2% during the third quarter. Barclays PLC now owns 630,391 shares of the company’s stock worth $45,033,000 after purchasing an additional 68,726 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Church & Dwight in the third quarter valued at approximately $243,000. ExodusPoint Capital Management LP raised its holdings in Church & Dwight by 4,312.9% in the third quarter. ExodusPoint Capital Management LP now owns 149,994 shares of the company’s stock valued at $10,716,000 after acquiring an additional 146,595 shares in the last quarter. National Bank of Canada FI raised its holdings in Church & Dwight by 35.1% in the fourth quarter. National Bank of Canada FI now owns 20,643 shares of the company’s stock valued at $1,664,000 after acquiring an additional 5,358 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Church & Dwight by 10.2% in the third quarter. Nisa Investment Advisors LLC now owns 67,037 shares of the company’s stock valued at $4,809,000 after acquiring an additional 6,190 shares in the last quarter. Institutional investors and hedge funds own 80.86% of the company’s stock.

Analysts Set New Price Targets

CHD has been the topic of several analyst reports. Argus cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, February 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $96.00 to $105.00 in a report on Friday, April 28th. StockNews.com raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, April 29th. Stifel Nicolaus increased their price target on shares of Church & Dwight from $85.00 to $95.00 in a research note on Friday, April 28th. Finally, 1-800-FLOWERS.COM reiterated a “maintains” rating on shares of Church & Dwight in a research note on Friday, April 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $90.63.

Insider Transactions at Church & Dwight

In related news, Director Robert K. Shearer sold 11,590 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $96.23, for a total value of $1,115,305.70. Following the sale, the director now directly owns 29,108 shares of the company’s stock, valued at approximately $2,801,062.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Robert K. Shearer sold 11,590 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $96.23, for a total value of $1,115,305.70. Following the sale, the director now directly owns 29,108 shares of the company’s stock, valued at approximately $2,801,062.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Farrell sold 138,081 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $97.02, for a total transaction of $13,396,618.62. Following the completion of the sale, the chief executive officer now directly owns 112,444 shares in the company, valued at $10,909,316.88. The disclosure for this sale can be found here. Insiders have sold a total of 381,733 shares of company stock valued at $35,881,517 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Performance

NYSE:CHD opened at $97.66 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.18 and a debt-to-equity ratio of 0.65. Church & Dwight Co., Inc. has a fifty-two week low of $70.16 and a fifty-two week high of $99.56. The stock has a market cap of $23.85 billion, a PE ratio of 58.48, a price-to-earnings-growth ratio of 3.98 and a beta of 0.46. The firm’s fifty day simple moving average is $88.31 and its 200-day simple moving average is $82.65.

Church & Dwight (NYSE:CHD – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. Church & Dwight had a net margin of 7.49% and a return on equity of 20.49%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Church & Dwight Co., Inc. will post 3.1 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be paid a dividend of $0.2725 per share. The ex-dividend date is Friday, May 12th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio (DPR) is presently 65.27%.

About Church & Dwight

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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.