Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Church & Dwight (NYSE:CHD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 286,501 shares of the company’s stock, valued at approximately $14,373,000. Amundi Pioneer Asset Management Inc. owned approximately 0.11% of Church & Dwight at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in Church & Dwight by 1.5% during the fourth quarter. BlackRock Inc. now owns 19,423,114 shares of the company’s stock worth $974,457,000 after acquiring an additional 293,353 shares during the period. Atlanta Capital Management Co. L L C raised its position in Church & Dwight by 17.4% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,071,388 shares of the company’s stock worth $204,261,000 after acquiring an additional 602,128 shares during the period. Geode Capital Management LLC raised its position in Church & Dwight by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 2,944,834 shares of the company’s stock worth $147,468,000 after acquiring an additional 61,161 shares during the period. Wells Fargo & Company MN raised its position in Church & Dwight by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,245,297 shares of the company’s stock worth $112,647,000 after acquiring an additional 108,844 shares during the period. Finally, Congress Asset Management Co. MA raised its position in Church & Dwight by 3.7% during the fourth quarter. Congress Asset Management Co. MA now owns 1,639,482 shares of the company’s stock worth $82,253,000 after acquiring an additional 58,663 shares during the period. 83.63% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. Barclays set a $47.00 target price on shares of Church & Dwight and gave the company a “sell” rating in a research report on Thursday, March 15th. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. CIBC upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. Morgan Stanley raised their price objective on shares of Church & Dwight from $46.00 to $48.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 7th. Finally, UBS raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.57.
In related news, Director James Craigie sold 24,508 shares of Church & Dwight stock in a transaction on Monday, February 26th. The shares were sold at an average price of $50.03, for a total value of $1,226,135.24. Following the transaction, the director now directly owns 52,625 shares in the company, valued at approximately $2,632,828.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert D. Leblanc sold 11,000 shares of Church & Dwight stock in a transaction on Friday, March 9th. The shares were sold at an average price of $50.53, for a total transaction of $555,830.00. Following the completion of the transaction, the director now owns 48,935 shares in the company, valued at $2,472,685.55. The disclosure for this sale can be found here. Insiders sold a total of 444,508 shares of company stock worth $22,359,201 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.
CHD stock traded down $0.36 during midday trading on Friday, reaching $49.50. 1,103,151 shares of the company were exchanged, compared to its average volume of 1,793,309. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. Church & Dwight has a 1-year low of $43.21 and a 1-year high of $54.18. The stock has a market cap of $12,162.97, a P/E ratio of 25.52, a PEG ratio of 2.13 and a beta of 0.39.
Church & Dwight (NYSE:CHD) last announced its earnings results on Monday, February 5th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. equities research analysts predict that Church & Dwight will post 2.26 earnings per share for the current year.
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Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.
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