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Meridian Wealth Management LLC Trims Stake in Church & Dwight Co., Inc. (NYSE:CHD)
Meridian Wealth Management LLC cut its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 57.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,744 shares of the company’s stock after selling 5,072 shares during the period. Meridian Wealth Management LLC’s holdings in Church & Dwight were worth $354,000 at the end of the most recent quarter. Several other hedge funds also recently added to or reduced their stakes in CHD. Teacher Retirement System of Texas grew its stake in shares of Church & Dwight by 2.6% during the third quarter. Teacher Retirement System of Texas now owns 18,925 shares of the company’s stock valued at $1,734,000 after buying an additional 471 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Church & Dwight by 6.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 20,355 shares of the company’s stock valued at $1,865,000 after acquiring an additional 1,223 shares during the last quarter. Empirical Finance LLC increased its stake in Church & Dwight by 10.3% in the third quarter. Empirical Finance LLC now owns 8,448 shares of the company’s stock worth $774,000 after purchasing an additional 787 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Church & Dwight during the third quarter worth $367,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Church & Dwight during the third quarter valued at $513,000. 86.60% of the stock is currently owned by institutional investors. Church & Dwight Stock Performance NYSE CHD opened at $106.39 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $108.68. The stock has a 50-day moving average of $104.75 and a 200 day moving average of $99.00. The stock has a market capitalization of $26.01 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 3.47 and a beta of 0.51. Church & Dwight (NYSE:CHD – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year. Church & Dwight Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is presently 35.87%. Analysts Set New Price Targets Several equities research analysts have issued reports on CHD shares. UBS Group boosted their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. Oppenheimer lifted their price objective on Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Truist Financial raised their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $105.56. Check Out Our Latest Analysis on Church & Dwight Insider Buying and Selling In other news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael Read sold 9,000 shares of Church & Dwight stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $100.95, for a total transaction of $908,550.00. Following the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at approximately $1,042,308.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 376,972 shares of company stock worth $39,133,366. Insiders own 1.40% of the company’s stock. Church & Dwight Company Profile (Free Report) 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. 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