Barings LLC lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 19.4% in the first quarter, HoldingsChannel.com reports. The firm owned 35,046 shares of the company’s stock after purchasing an additional 5,685 shares during the period. Barings LLC’s holdings in Church & Dwight were worth $2,496,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Cordasco Financial Network acquired a new position in shares of Church & Dwight in the 1st quarter valued at $28,000. Pinnacle Bank acquired a new stake in Church & Dwight during the 4th quarter worth about $33,000. Baystate Wealth Management LLC boosted its position in Church & Dwight by 332.3% during the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock worth $39,000 after acquiring an additional 412 shares during the period. Berman Capital Advisors LLC acquired a new stake in Church & Dwight during the 4th quarter worth about $34,000. Finally, Penserra Capital Management LLC acquired a new stake in Church & Dwight during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 81.71% of the company’s stock.
In other news, Director Arthur B. Winkleblack sold 48,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $73.19, for a total transaction of $3,513,120.00. Following the completion of the sale, the director now directly owns 240,606 shares of the company’s stock, valued at approximately $17,609,953.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven P. Cugine sold 14,500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.21, for a total value of $1,076,045.00. Following the sale, the executive vice president now directly owns 38,766 shares of the company’s stock, valued at $2,876,824.86. The disclosure for this sale can be found here. Insiders have sold a total of 126,432 shares of company stock valued at $9,294,002 over the last ninety days. Company insiders own 2.00% of the company’s stock.
CHD opened at $74.71 on Friday. Church & Dwight Co., Inc. has a fifty-two week low of $46.32 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.81 and a quick ratio of 0.45. The stock has a market cap of $18.22 billion, a PE ratio of 32.91, a PEG ratio of 3.48 and a beta of 0.24.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. Church & Dwight had a return on equity of 24.62% and a net margin of 14.02%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business earned $0.63 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts forecast that Church & Dwight Co., Inc. will post 2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 40.09%.
CHD has been the subject of a number of research reports. Goldman Sachs Group upgraded Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 price objective for the company in a research report on Tuesday, February 5th. Deutsche Bank upgraded Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 price objective for the company in a research report on Wednesday, February 6th. Morgan Stanley upgraded Church & Dwight from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, February 6th. Oppenheimer restated an “outperform” rating and set a $73.00 price objective on shares of Church & Dwight in a research report on Wednesday, February 6th. Finally, Barclays restated a “sell” rating and set a $56.00 price objective on shares of Church & Dwight in a research report on Thursday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.14.
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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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