Elo Mutual Pension Insurance Cuts Stake in Church & Dwight by 32%

Elo Mutual Pension Insurance Co. has reduced its holdings in Church & Dwight Co., Inc. (NYSE: CHD) by 32% during the second quarter of 2023. According to the company’s most recent filing with the Securities and Exchange Commission (SEC), Elo Mutual now owns 17,746 shares after selling 8,339 shares during this period. These holdings are valued at approximately $1.71 million.

Other institutional investors have also adjusted their positions in Church & Dwight recently. Opal Wealth Advisors LLC established a new position in the company valued at around $45,000 in the second quarter. Meanwhile, Zions Bancorporation National Association acquired a stake worth approximately $53,000 in the first quarter, and State of Wyoming purchased shares valued at about $69,000. Ameritas Advisory Services LLC also entered a new position during the second quarter, worth approximately $76,000. Additionally, ORG Partners LLC increased its stake by 13.5%, now holding 1,058 shares valued at $104,000 following the purchase of 126 additional shares.

Institutional investors and hedge funds own a significant 86.60% of Church & Dwight’s stock, indicating strong institutional interest in the company.

Church & Dwight’s Stock Performance

As of Friday, shares of Church & Dwight opened at $84.62. The company has a 50-day simple moving average of $86.15 and a 200-day simple moving average of $92.28. Over the past year, the stock has reached a low of $81.33 and a high of $116.46.

Financial metrics reveal a debt-to-equity ratio of 0.50, a current ratio of 1.84, and a quick ratio of 1.33. The market capitalization of Church & Dwight stands at $20.32 billion, with a price-to-earnings ratio of 39.92 and a PEG ratio of 3.52. The stock has a beta of 0.42, suggesting lower volatility compared to the overall market.

Dividend Announcement and Analyst Perspectives

Church & Dwight has recently declared a quarterly dividend amounting to $0.295 per share, scheduled for payment on December 1, 2023. This dividend represents an annualized payout of $1.18 per share, yielding approximately 1.4%. Investors of record as of November 14, 2023 will be eligible for this dividend, with the ex-dividend date also set for November 14, reflecting a dividend payout ratio of 37.11%.

Market analysts are weighing in on Church & Dwight’s stock performance. Evercore ISI recently lowered its price target from $102.00 to $101.00, maintaining an “in-line” rating. Similarly, UBS Group reduced its target from $103.00 to $98.00 with a “neutral” rating. JPMorgan Chase & Co. adjusted its price target down to $92.00 from $97.00, categorizing the stock as “underweight.” Barclays set a target of $82.00 with an “underweight” rating, while Oppenheimer assigned a target price of $100.00 and labeled the stock as “outperform.”

Overall, Church & Dwight has received various ratings from analysts, with six recommending a “Buy,” seven opting for a “Hold,” and five suggesting a “Sell.” According to MarketBeat.com, the consensus rating currently stands at “Hold” with a target price of $99.00.

Church & Dwight Co., Inc. is engaged in the development, manufacture, and marketing of household, personal care, and specialty products. The company operates through multiple segments, including Consumer Domestic, Consumer International, Specialty Products Division, and Corporate. The Consumer Domestic segment features a range of household products, including laundry detergents, fabric softeners, and personal care items.

For further insights into institutional holdings and insider trades related to Church & Dwight, interested parties can visit HoldingsChannel.com for the latest updates.