Church & Dwight Co., Inc. (NYSE:CHD) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 2.7% during the second quarter, Holdings Channel.com reports. The fund owned 116,350 shares of the company’s stock after acquiring an additional 3,030 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Church & Dwight were worth $12,164,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock worth $2,861,865,000 after purchasing an additional 354,946 shares in the last quarter. Capital International Investors increased its position in Church & Dwight by 1.0% during the first quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock worth $948,968,000 after buying an additional 92,862 shares in the last quarter. Norges Bank acquired a new position in shares of Church & Dwight in the fourth quarter worth $259,967,000. ProShare Advisors LLC lifted its position in shares of Church & Dwight by 1.8% in the first quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock valued at $186,028,000 after acquiring an additional 31,145 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Church & Dwight by 26.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after acquiring an additional 277,017 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CHD shares. Barclays upped their target price on shares of Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. TD Cowen initiated coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. JPMorgan Chase & Co. cut their price target on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a report on Monday, August 5th. Finally, BNP Paribas initiated coverage on Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $106.58.

Church & Dwight Stock Up 0.5 %

CHD opened at $104.04 on Monday. The company has a market cap of $25.47 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 3.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The firm has a 50 day moving average price of $102.13 and a 200 day moving average price of $104.16.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio is presently 35.87%.

Church & Dwight Company Profile

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.