Cetera Advisor Networks LLC lifted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 23,056 shares of the company’s stock after acquiring an additional 188 shares during the period. Cetera Advisor Networks LLC’s holdings in Church & Dwight were worth $1,640,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CHD. Cordasco Financial Network acquired a new position in Church & Dwight in the 1st quarter worth about $28,000. Pinnacle Bank acquired a new position in Church & Dwight in the 4th quarter worth about $33,000. Baystate Wealth Management LLC increased its holdings in Church & Dwight by 332.3% in the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock worth $39,000 after purchasing an additional 412 shares in the last quarter. Berman Capital Advisors LLC acquired a new position in Church & Dwight in the 4th quarter worth about $34,000. Finally, Hudock Capital Group LLC acquired a new position in Church & Dwight in the 1st quarter worth about $48,000. 82.80% of the stock is owned by institutional investors.
In other Church & Dwight news, Director Bradley C. Irwin sold 13,172 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $72.58, for a total value of $956,023.76. Following the sale, the director now owns 49,898 shares in the company, valued at approximately $3,621,596.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Britta Bomhard sold 27,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $73.43, for a total value of $1,982,610.00. Following the sale, the vice president now owns 32,219 shares in the company, valued at approximately $2,365,841.17. The disclosure for this sale can be found here. Insiders sold a total of 88,172 shares of company stock worth $6,451,754 in the last quarter. Corporate insiders own 2.00% of the company’s stock.
NYSE CHD opened at $73.61 on Thursday. Church & Dwight Co., Inc. has a 12 month low of $45.55 and a 12 month high of $74.99. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 3.48 and a beta of 0.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.45 and a current ratio of 0.81.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. Church & Dwight had a return on equity of 24.62% and a net margin of 14.02%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.2275 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.24%. Church & Dwight’s dividend payout ratio (DPR) is presently 40.09%.
A number of brokerages have issued reports on CHD. Zacks Investment Research raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Thursday, March 28th. Atlantic Securities cut Church & Dwight from an “overweight” rating to a “neutral” rating in a report on Monday. BMO Capital Markets upped their target price on Church & Dwight to $75.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $70.00 target price on shares of Church & Dwight in a report on Thursday, May 2nd. Finally, Citigroup cut Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 target price for the company. in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, thirteen 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 price target of $67.89.
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About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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