Reynders McVeigh Capital Management LLC decreased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,558 shares of the company’s stock after selling 4,160 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Church & Dwight were worth $2,452,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Church & Dwight by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,139,618 shares of the company’s stock worth $74,943,000 after acquiring an additional 23,690 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Church & Dwight by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 3,403,820 shares of the company’s stock worth $223,470,000 after acquiring an additional 403,357 shares during the period. Virtu Financial LLC bought a new stake in shares of Church & Dwight during the first quarter worth approximately $245,000. Capital Investment Advisory Services LLC boosted its holdings in shares of Church & Dwight by 31.0% during the first quarter. Capital Investment Advisory Services LLC now owns 1,188 shares of the company’s stock worth $85,000 after acquiring an additional 281 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Church & Dwight during the first quarter worth approximately $228,000. Hedge funds and other institutional investors own 81.63% of the company’s stock.
A number of equities research analysts have recently issued reports on CHD shares. Citigroup cut Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price objective for the company. in a report on Thursday, May 2nd. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a report on Thursday, May 30th. BMO Capital Markets boosted their price target on Church & Dwight to $75.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. SunTrust Banks boosted their price target on Church & Dwight to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group set a $86.00 price target on Church & Dwight and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Church & Dwight presently has an average rating of “Hold” and a consensus target price of $71.34.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. Church & Dwight had a net margin of 14.24% and a return on equity of 24.57%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.91 annualized dividend and a dividend yield of 1.16%. Church & Dwight’s dividend payout ratio (DPR) is presently 40.09%.
In other news, Director Bradley C. Irwin sold 16,718 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $78.96, for a total transaction of $1,320,053.28. Following the completion of the transaction, 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 can be accessed through this link. Also, Director Robert K. Shearer sold 17,544 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $77.00, for a total transaction of $1,350,888.00. Following the transaction, the director now owns 46,652 shares of the company’s stock, valued at $3,592,204. The disclosure for this sale can be found here. Insiders have sold 97,302 shares of company stock valued at $7,676,251 over the last quarter. Company insiders own 2.00% of the company’s stock.
Church & Dwight 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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