Wells Fargo & Company MN trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 22.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,646,718 shares of the company’s stock after selling 782,241 shares during the quarter. Wells Fargo & Company MN owned approximately 1.08% of Church & Dwight worth $157,136,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Carnick & Kubik Group LLC grew its holdings in shares of Church & Dwight by 4.5% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,422 shares of the company’s stock worth $1,086,000 after acquiring an additional 885 shares during the last quarter. Iberiabank Corp grew its holdings in shares of Church & Dwight by 14.7% in the 3rd quarter. Iberiabank Corp now owns 7,270 shares of the company’s stock worth $432,000 after acquiring an additional 931 shares during the last quarter. North Star Asset Management Inc. grew its holdings in shares of Church & Dwight by 2.6% in the 3rd quarter. North Star Asset Management Inc. now owns 36,829 shares of the company’s stock worth $2,187,000 after acquiring an additional 946 shares during the last quarter. McCollum Christoferson Group LLC grew its holdings in shares of Church & Dwight by 1.0% in the 3rd quarter. McCollum Christoferson Group LLC now owns 93,834 shares of the company’s stock worth $5,571,000 after acquiring an additional 953 shares during the last quarter. Finally, Portland Global Advisors LLC grew its holdings in shares of Church & Dwight by 1.8% during the second quarter. Portland Global Advisors LLC now owns 54,134 shares of the company’s stock valued at $2,878,000 after buying an additional 962 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.
In related news, VP Louis Tursi sold 315,820 shares of Church & Dwight stock in a transaction on Friday, August 17th. The stock was sold at an average price of $57.10, for a total transaction of $18,033,322.00. Following the completion of the sale, the vice president now owns 155,434 shares of the company’s stock, valued at $8,875,281.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Craigie sold 300,000 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $66.43, for a total value of $19,929,000.00. Following the completion of the sale, the director now directly owns 327,577 shares of the company’s stock, valued at approximately $21,760,940.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 650,082 shares of company stock valued at $39,909,666. Insiders own 2.00% of the company’s stock.
CHD has been the topic of a number of research analyst reports. Bank of America lifted their price target on Church & Dwight from $51.00 to $55.00 and gave the company an “underperform” rating in a report on Monday, July 16th. Stifel Nicolaus lifted 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. Zacks Investment Research downgraded Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Oppenheimer lifted their price target on Church & Dwight from $66.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Citigroup lifted their price target on Church & Dwight from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Five analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.88.
CHD opened at $65.55 on Friday. The firm has a market cap of $16.28 billion, a P/E ratio of 33.79, a PEG ratio of 2.87 and a beta of 0.31. Church & Dwight Co., Inc. has a 1 year low of $43.96 and a 1 year high of $67.93. 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 released its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. As a group, analysts predict that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be given a dividend of $0.2175 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.87 dividend on an annualized basis and a yield of 1.33%. Church & Dwight’s payout ratio is 44.85%.
About Church & Dwight
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.
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