Fmr LLC lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,758,699 shares of the company’s stock after acquiring an additional 190,608 shares during the period. Fmr LLC’s holdings in Church & Dwight were worth $146,652,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in shares of Church & Dwight by 291.1% in the first quarter. Millennium Management LLC now owns 197,190 shares of the company’s stock valued at $9,930,000 after purchasing an additional 146,765 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Church & Dwight by 42.3% in the first quarter. Allianz Asset Management GmbH now owns 360,257 shares of the company’s stock valued at $18,143,000 after purchasing an additional 107,140 shares during the period. DnB Asset Management AS boosted its holdings in shares of Church & Dwight by 2.2% in the second quarter. DnB Asset Management AS now owns 65,296 shares of the company’s stock valued at $3,471,000 after purchasing an additional 1,400 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Church & Dwight by 25.0% in the second quarter. IFM Investors Pty Ltd now owns 11,719 shares of the company’s stock valued at $623,000 after purchasing an additional 2,341 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Church & Dwight by 8.2% in the second quarter. State of Alaska Department of Revenue now owns 98,067 shares of the company’s stock valued at $5,211,000 after purchasing an additional 7,470 shares during the period. Institutional investors and hedge funds own 85.19% of the company’s stock.
CHD has been the subject of a number of research reports. ValuEngine upgraded Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Jefferies Financial Group boosted their price target on Church & Dwight from $65.00 to $68.00 and gave the company a “buy” rating in a report on Monday, October 29th. Royal Bank of Canada boosted their price target on Church & Dwight to $60.00 and gave the company a “fair value” rating in a report on Friday, August 3rd. Stifel Nicolaus boosted their price target on Church & Dwight from $48.00 to $52.00 and gave the company a “hold” rating in a report on Friday, August 3rd. Finally, BMO Capital Markets boosted their price target on Church & Dwight from $47.00 to $55.00 and gave the company a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and a consensus price target of $58.47.
Shares of NYSE:CHD opened at $66.59 on Tuesday. The company has a market capitalization of $16.21 billion, a P/E ratio of 34.32, a price-to-earnings-growth ratio of 2.87 and a beta of 0.31. Church & Dwight Co., Inc. has a 52 week low of $43.21 and a 52 week high of $67.29. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.77.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. Church & Dwight’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 44.85%.
In related news, Director Robert D. Leblanc sold 17,544 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $55.90, for a total value of $980,709.60. Following the completion of the transaction, the director now owns 66,903 shares of the company’s stock, valued at $3,739,877.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Shearer sold 16,718 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $57.82, for a total transaction of $966,634.76. Following the completion of the transaction, the director now directly owns 45,826 shares of the company’s stock, valued at approximately $2,649,659.32. The disclosure for this sale can be found here. Insiders sold 358,140 shares of company stock valued at $20,431,431 in the last three months. 2.00% of the stock is currently owned by insiders.
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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.
Further Reading: Price to Earnings Ratio (PE) Basics
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