Bernard Wealth Management Corp. Makes New $40,000 Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Bernard Wealth Management Corp. acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 400 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds have also modified their holdings of the business. YANKCOM Partnership acquired a new stake in Church & Dwight during the 4th quarter worth $25,000. Versant Capital Management Inc raised its holdings in shares of Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 184 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight in the fourth quarter valued at about $39,000. Bank of Jackson Hole Trust acquired a new stake in shares of Church & Dwight during the fourth quarter worth about $43,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Church & Dwight during the fourth quarter worth about $51,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CHD. Wells Fargo & Company increased their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Barclays boosted their price objective on shares of Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a research note on Thursday, March 27th. Piper Sandler reduced their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Stifel Nicolaus boosted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $112.13.

Insider Buying and Selling

In related news, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock worth $7,538,449 in the last ninety days. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD stock opened at $101.65 on Wednesday. The stock has a fifty day moving average price of $107.54 and a 200 day moving average price of $106.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The stock has a market cap of $25.02 billion, a PE ratio of 42.89, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period last year, the firm posted $0.65 EPS. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

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