Kornitzer Capital Management Inc. KS acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 236,525 shares of the company’s stock, valued at approximately $17,796,000. Kornitzer Capital Management Inc. KS owned 0.10% of Church & Dwight at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of Church & Dwight by 116.9% in the 2nd quarter. Invesco Ltd. now owns 5,393,316 shares of the company’s stock worth $394,035,000 after buying an additional 2,906,844 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Church & Dwight by 5.9% during the 2nd quarter. BlackRock Inc. now owns 20,701,434 shares of the company’s stock worth $1,512,447,000 after purchasing an additional 1,151,283 shares during the period. Thoroughbred Financial Services LLC boosted its stake in shares of Church & Dwight by 7,373.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,044,333 shares of the company’s stock worth $104,433,000 after purchasing an additional 1,030,360 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Church & Dwight by 15,518.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 869,631 shares of the company’s stock worth $63,535,000 after purchasing an additional 864,063 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Church & Dwight by 10.2% during the 2nd quarter. Morgan Stanley now owns 5,981,868 shares of the company’s stock worth $437,037,000 after purchasing an additional 556,109 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.
CHD traded up $0.25 on Friday, reaching $67.44. 56,470 shares of the company traded hands, compared to its average volume of 1,708,906. Church & Dwight Co., Inc. has a one year low of $59.64 and a one year high of $80.99. The firm has a fifty day simple moving average of $73.52 and a two-hundred day simple moving average of $75.00. The company has a market cap of $16.51 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 3.09 and a beta of 0.12. The company has a quick ratio of 0.46, a current ratio of 0.80 and a debt-to-equity ratio of 0.71.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. Church & Dwight had a net margin of 14.33% and a return on equity of 24.91%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.2275 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, November 14th. Church & Dwight’s dividend payout ratio is currently 40.09%.
In other news, Director Bradley C. Irwin sold 16,718 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $78.96, for a total value of $1,320,053.28. Following the completion of the sale, the director now directly owns 62,197 shares in the company, valued at $4,911,075.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Craigie sold 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $80.31, for a total transaction of $321,240.00. Following the completion of the sale, the director now owns 9,806 shares of the company’s stock, valued at $787,519.86. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 9,004 shares of company stock valued at $641,458 and sold 90,418 shares valued at $7,198,251. Insiders own 2.00% of the company’s stock.
A number of equities analysts recently commented on CHD shares. Bank of America raised shares of Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Friday, September 27th. Barclays reaffirmed a “sell” rating and set a $62.00 price target on shares of Church & Dwight in a research note on Sunday, November 3rd. Stifel Nicolaus set a $70.00 price target on shares of Church & Dwight and gave the stock a “hold” rating in a research note on Friday, November 1st. Jefferies Financial Group set a $86.00 price target on shares of Church & Dwight and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, ValuEngine cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $73.47.
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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