Moody National Bank Trust Division raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 985.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,375 shares of the company’s stock after acquiring an additional 152,860 shares during the quarter. Moody National Bank Trust Division’s holdings in Church & Dwight were worth $9,996,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its stake in Church & Dwight by 24.0% in the second quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after acquiring an additional 1,765 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Church & Dwight by 37.1% in the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after acquiring an additional 482,109 shares during the last quarter. Centaurus Financial Inc. purchased a new position in Church & Dwight in the second quarter valued at about $164,000. Castleark Management LLC purchased a new position in Church & Dwight in the second quarter valued at about $320,000. Finally, Suntrust Banks Inc. boosted its stake in Church & Dwight by 15.0% in the first quarter. Suntrust Banks Inc. now owns 17,404 shares of the company’s stock valued at $875,000 after acquiring an additional 2,267 shares during the last quarter. Hedge funds and other institutional investors own 84.98% of the company’s stock.
Shares of CHD stock opened at $59.37 on Thursday. The company has a market cap of $14.78 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.46 and a current ratio of 0.79. Church & Dwight Co., Inc. has a 12 month low of $43.21 and a 12 month high of $61.28.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. Church & Dwight’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be issued a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 1.47%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.
CHD has been the topic of a number of research analyst reports. Bank of America boosted their target price on shares of Church & Dwight from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Thursday, October 4th. Deutsche Bank cut shares of Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 price target on the stock. in a research note on Wednesday, October 10th. ValuEngine upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Oppenheimer upped their price target on shares of Church & Dwight from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research cut shares of Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $56.33.
In related news, Director Robert K. Shearer sold 16,718 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $57.82, for a total transaction of $966,634.76. Following the sale, the director now owns 45,826 shares of the company’s stock, valued at approximately $2,649,659.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard A. Dierker sold 33,900 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $57.24, for a total transaction of $1,940,436.00. Following the sale, the vice president now directly owns 25,376 shares in the company, valued at approximately $1,452,522.24. The disclosure for this sale can be found here. Insiders have sold a total of 473,800 shares of company stock worth $27,051,358 in the last ninety days. 2.00% of the stock is currently owned by insiders.
About Church & Dwight
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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