Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,936 shares of the company’s stock after selling 33,472 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.07% of Church & Dwight worth $10,521,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rowland Carmichael Advisors Inc. ADV boosted its stake in shares of Church & Dwight by 3.6% during the fourth quarter. Rowland Carmichael Advisors Inc. ADV now owns 5,315 shares of the company’s stock valued at $374,000 after purchasing an additional 187 shares in the last quarter. RFG Advisory LLC lifted its holdings in Church & Dwight by 7.4% during the fourth quarter. RFG Advisory LLC now owns 2,900 shares of the company’s stock worth $204,000 after buying an additional 200 shares during the period. Utah Retirement Systems boosted its position in Church & Dwight by 0.4% during the 4th quarter. Utah Retirement Systems now owns 46,883 shares of the company’s stock valued at $3,298,000 after acquiring an additional 200 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Church & Dwight by 1.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 18,205 shares of the company’s stock valued at $1,280,000 after acquiring an additional 216 shares during the period. Finally, Sumitomo Life Insurance Co. raised its position in shares of Church & Dwight by 1.0% in the 1st quarter. Sumitomo Life Insurance Co. now owns 23,441 shares of the company’s stock worth $1,504,000 after acquiring an additional 230 shares in the last quarter. 80.48% of the stock is owned by institutional investors.
CHD has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on Church & Dwight from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, May 1st. SunTrust Banks raised their price target on shares of Church & Dwight from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 15th. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, April 13th. Oppenheimer reissued a “buy” rating and set a $85.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Finally, Barclays cut their price target on shares of Church & Dwight from $65.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, March 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $74.27.
NYSE:CHD traded up $0.96 during trading hours on Friday, hitting $71.93. 941,691 shares of the company were exchanged, compared to its average volume of 1,683,469. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.03 and a quick ratio of 0.81. Church & Dwight Co., Inc. has a 52-week low of $47.98 and a 52-week high of $80.99. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 3.18 and a beta of 0.31. The company’s 50 day moving average price is $70.96 and its 200-day moving average price is $70.51.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.96%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, equities analysts predict that Church & Dwight Co., Inc. will post 2.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.24 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. Church & Dwight’s dividend payout ratio is currently 38.87%.
In other news, CMO Britta Bomhard sold 59,260 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $73.60, for a total value of $4,361,536.00. Following the sale, the chief marketing officer now owns 59,923 shares in the company, valued at $4,410,332.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Craigie sold 200,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $71.17, for a total transaction of $14,234,000.00. Following the transaction, the director now directly owns 209,819 shares of the company’s stock, valued at approximately $14,932,818.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 362,660 shares of company stock worth $26,145,808. 2.00% of the stock is owned by insiders.
Church & Dwight Company Profile
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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