Elo Mutual Pension Cuts Holdings 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 2024, according to a recent filing with the Securities and Exchange Commission (SEC). The pension fund now owns 17,746 shares of the company’s stock after selling 8,339 shares during this period. The total value of Elo Mutual’s holdings in Church & Dwight is approximately $1.71 million as per the latest SEC report.

This adjustment in holdings comes amidst a broader trend among institutional investors adjusting their positions in Church & Dwight. For instance, Opal Wealth Advisors LLC acquired a new stake valued at around $45,000 in the second quarter, while Zions Bancorporation National Association UT purchased shares worth approximately $53,000 in the first quarter. Other notable transactions include Ameritas Advisory Services LLC‘s investment of about $76,000 and ORG Partners LLC, which increased its position by 13.5% in the second quarter, now holding shares valued at $104,000.

Church & Dwight Stock Performance and Dividend Announcement

As of the latest market session, Church & Dwight shares opened at $84.62. The stock has demonstrated fluctuations over the past year, recording a low of $81.33 and a high of $116.46. The company maintains a market capitalization of $20.32 billion and has established a debt-to-equity ratio of 0.50, indicating a solid financial foundation. In terms of liquidity, the current ratio stands at 1.84, and the quick ratio is at 1.33.

In addition to stock performance, Church & Dwight recently announced a quarterly dividend of $0.295 per share, to be paid on December 1, 2024. This dividend is available to investors on record as of November 14, 2024, translating to an annualized payout of $1.18 per share and a yield of 1.4%. The current dividend payout ratio (DPR) is 37.11%, which reflects a measured approach to returning capital to shareholders.

Analyst Ratings and Market Outlook

Market analysts have recently provided insights into Church & Dwight’s stock performance. Notably, Evercore ISI reduced its price target from $102.00 to $101.00, maintaining an “in-line” rating. Meanwhile, UBS Group adjusted its target from $103.00 to $98.00 and assigned a “neutral” stance on the stock. JPMorgan Chase & Co. lowered its price target from $97.00 to $92.00, providing an “underweight” rating.

In contrast, Oppenheimer set a target price of $100.00, giving the stock an “outperform” rating. Currently, consensus data from MarketBeat.com indicates that Church & Dwight has six “Buy” ratings, seven “Hold” ratings, and five “Sell” ratings, with an average target price of $99.00.

Church & Dwight Co., Inc. is engaged in the development, manufacturing, and marketing of various household and personal care products. The company operates through different segments, including Consumer Domestic, Consumer International, and Specialty Products Division (SPD), among others. Its diverse product range includes laundry detergents, personal care items, and dietary supplements, catering to a wide market base.

For more detailed insights into institutional holdings and market developments regarding Church & Dwight, interested parties can refer to platforms such as HoldingsChannel.com for the latest 13F filings and insider trades.