Capital Research Global Investors Takes Position in Church & Dwight Co., Inc. (NYSE:CHD)

Capital Research Global Investors purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 665,171 shares of the company’s stock, valued at approximately $69,384,000. Capital Research Global Investors owned 0.27% of Church & Dwight as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CHD. Texas Yale Capital Corp. boosted its position in Church & Dwight by 1.0% during the 1st quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock valued at $1,106,000 after buying an additional 100 shares during the period. Chilton Capital Management LLC raised its holdings in Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Church & Dwight by 14.7% in the 4th quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock worth $87,000 after purchasing an additional 113 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Church & Dwight by 2.4% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock worth $516,000 after purchasing an additional 117 shares in the last quarter. Finally, Sovereign Financial Group Inc. raised its holdings in Church & Dwight by 0.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 17,436 shares of the company’s stock worth $1,819,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

NYSE CHD traded up $1.53 during mid-day trading on Friday, hitting $101.38. The stock had a trading volume of 1,273,426 shares, compared to its average volume of 1,631,769. The firm’s 50 day moving average is $105.41 and its 200 day moving average is $103.30. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.25 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio is presently 35.87%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CHD shares. TD Cowen started coverage on shares of Church & Dwight in a report on Tuesday. They issued a “buy” rating and a $116.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. increased their price target on shares of Church & Dwight from $97.00 to $101.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Argus increased their price target on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, BNP Paribas assumed coverage on shares of Church & Dwight in a research note on Monday, June 24th. They issued a “neutral” rating and a $114.00 price target for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.28.

Insider Transactions at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,654 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares in the company, valued at approximately $813,479.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $107.00, for a total value of $5,847,978.00. Following the transaction, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,104,775. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,346 shares of company stock worth $19,465,948. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.