Chevy Chase Trust Holdings Inc. Boosts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Chevy Chase Trust Holdings Inc. grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,157 shares of the company’s stock after acquiring an additional 5,294 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Church & Dwight worth $11,246,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CHD. Thrivent Financial For Lutherans raised its position in shares of Church & Dwight by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 9,410 shares of the company’s stock valued at $488,000 after buying an additional 30 shares in the last quarter. Veritable L.P. increased its stake in Church & Dwight by 0.7% in the second quarter. Veritable L.P. now owns 6,417 shares of the company’s stock valued at $333,000 after acquiring an additional 47 shares during the last quarter. North Star Asset Management Inc. increased its stake in Church & Dwight by 2.0% in the second quarter. North Star Asset Management Inc. now owns 5,010 shares of the company’s stock valued at $260,000 after acquiring an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Church & Dwight by 5.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after acquiring an additional 108 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Church & Dwight by 1.4% in the second quarter. Nordea Investment Management AB now owns 10,061 shares of the company’s stock valued at $522,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

CHD has been the topic of a number of research reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Church & Dwight in a research note on Monday, February 5th. Deutsche Bank began coverage on shares of Church & Dwight in a research note on Wednesday, December 13th. They set a “buy” rating and a $54.00 target price on the stock. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. CIBC raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Finally, UBS Group upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $51.40.

Shares of Church & Dwight Co., Inc. (CHD) opened at $48.63 on Tuesday. Church & Dwight Co., Inc. has a 52-week low of $43.21 and a 52-week high of $54.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.07 and a quick ratio of 0.72. The stock has a market cap of $12,136.37, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.45.

Church & Dwight (NYSE:CHD) last released its earnings results on Monday, February 5th. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $0.44 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. equities analysts predict that Church & Dwight Co., Inc. will post 2.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a dividend of $0.2175 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.19. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, February 14th. Church & Dwight’s dividend payout ratio is presently 26.03%.

Church & Dwight announced that its Board of Directors has approved a share buyback plan on Thursday, November 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/13/church-dwight-co-inc-chd-position-lifted-by-chevy-chase-trust-holdings-inc.html.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply