Central Pacific Bank Trust Division Reduces Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Central Pacific Bank Trust Division reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 88.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 442 shares of the company’s stock after selling 3,506 shares during the period. Central Pacific Bank Trust Division’s holdings in Church & Dwight were worth $46,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Game Plan Financial Advisors LLC purchased a new stake in shares of Church & Dwight during the 1st quarter valued at about $26,000. Crewe Advisors LLC purchased a new stake in Church & Dwight during the 1st quarter worth approximately $28,000. Roble Belko & Company Inc purchased a new stake in Church & Dwight during the 1st quarter worth approximately $31,000. Rothschild Investment LLC purchased a new stake in Church & Dwight during the 2nd quarter worth approximately $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the 2nd quarter worth approximately $33,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHD has been the topic of several analyst reports. Argus lifted their price objective on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Wells Fargo & Company decreased their target price on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. reduced their price objective on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday, August 5th. TD Cowen initiated coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective for the company. Finally, Evercore ISI reduced their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.25.

Church & Dwight Price Performance

Shares of CHD traded down $0.30 during midday trading on Friday, reaching $101.04. The stock had a trading volume of 1,037,118 shares, compared to its average volume of 1,375,513. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The firm’s 50 day moving average price is $102.35 and its 200-day moving average price is $104.16. The company has a market capitalization of $24.71 billion, a P/E ratio of 32.07, a P/E/G ratio of 3.82 and a beta of 0.54.

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

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s dividend payout ratio is presently 35.87%.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

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.