Gateway Investment Advisers LLC Sells 148 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Gateway Investment Advisers LLC cut its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,098 shares of the company’s stock after selling 148 shares during the period. Gateway Investment Advisers LLC’s holdings in Church & Dwight were worth $639,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Church & Dwight during the third quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 184 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Church & Dwight during the second quarter valued at approximately $33,000. Finally, Kimelman & Baird LLC bought a new position in Church & Dwight in the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

NYSE CHD opened at $106.42 on Friday. Church & Dwight Co., Inc. has a fifty-two week low of $96.09 and a fifty-two week high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The firm has a market capitalization of $26.07 billion, a P/E ratio of 47.72, a PEG ratio of 3.12 and a beta of 0.58. The stock has a 50-day simple moving average of $106.86 and a two-hundred day simple moving average of $104.06.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. Church & Dwight’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s payout ratio is currently 50.67%.

Insider Buying and Selling

In related news, EVP Maynadier Patrick D. De sold 45,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at $1,158,361.75. This represents a 81.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read acquired 1,100 shares of the business’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. This represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 593,035 shares of company stock valued at $62,282,808. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

CHD has been the topic of a number of analyst reports. TD Cowen lifted their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays lifted their target price on Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday. Stifel Nicolaus decreased their price objective on Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Piper Sandler boosted their price target on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $110.61.

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.