Miracle Mile Advisors LLC Acquires New Position in Church & Dwight Co., Inc. (NYSE:CHD)

Miracle Mile Advisors LLC acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,243 shares of the company’s stock, valued at approximately $338,000.

Other institutional investors have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC acquired a new stake in shares of Church & Dwight during the first quarter worth $26,000. Roble Belko & Company Inc acquired a new position in shares of Church & Dwight during the 1st quarter worth about $31,000. Chilton Capital Management LLC increased its stake in shares of Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after acquiring an additional 110 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $32,000. Finally, Annapolis Financial Services LLC raised its position in shares of Church & Dwight by 2,087.5% in the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock valued at $33,000 after acquiring an additional 334 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s 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 sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at approximately $1,104,775. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the sale, the director now owns 13,793 shares of the company’s stock, valued at $1,485,092.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s 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 sale, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,346 shares of company stock worth $19,465,948. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

CHD has been the subject of several recent analyst reports. Argus upped their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Evercore ISI raised their price objective on Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. BNP Paribas started coverage on Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price on the stock. Bank of America increased their price target on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, HSBC lifted their price objective on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $106.65.

Church & Dwight Trading Up 1.1 %

Church & Dwight stock opened at $104.87 on Tuesday. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 3.38 and a beta of 0.52. The firm has a 50-day moving average of $106.79 and a 200-day moving average of $102.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $110.31.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

About Church & Dwight

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.