BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 58.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,716 shares of the company’s stock after acquiring an additional 17,300 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Church & Dwight were worth $4,844,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Game Plan Financial Advisors LLC bought a new stake in shares of Church & Dwight in the 1st quarter worth about $26,000. Crewe Advisors LLC bought a new stake in shares of Church & Dwight in the 1st quarter worth about $28,000. Roble Belko & Company Inc bought a new stake in shares of Church & Dwight in the 1st quarter worth about $31,000. Rothschild Investment LLC bought a new stake in shares of Church & Dwight in the 2nd quarter worth about $31,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of Church & Dwight in the 4th quarter worth about $32,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $429,179.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Price Performance

Shares of CHD opened at $102.91 on Friday. The company has a 50 day moving average price of $102.05 and a 200-day moving average price of $104.22. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31. The stock has a market capitalization of $25.19 billion, a PE ratio of 32.67, a PEG ratio of 3.81 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 (NYSE:CHD) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.2838 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. Church & Dwight’s payout ratio is 35.87%.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Evercore ISI reduced their target price on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a report on Monday, September 9th. JPMorgan Chase & Co. cut their price target on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a report on Monday, August 5th. Finally, Barclays upped their price target 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. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.25.

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.