Thrivent Financial For Lutherans boosted its position in Church & Dwight Company, Inc. (NYSE:CHD) by 4.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,380 shares of the company’s stock after buying an additional 360 shares during the period. Thrivent Financial For Lutherans’ holdings in Church & Dwight were worth $468,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CHD. Westside Investment Management Inc. purchased a new position in Church & Dwight during the first quarter worth approximately $149,000. Clean Yield Group purchased a new position in Church & Dwight during the first quarter worth approximately $178,000. Van ECK Associates Corp boosted its position in Church & Dwight by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock worth $190,000 after buying an additional 288 shares during the last quarter. FTB Advisors Inc. boosted its position in Church & Dwight by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock worth $195,000 after buying an additional 3,725 shares during the last quarter. Finally, Smith Moore & CO. purchased a new position in Church & Dwight during the first quarter worth approximately $211,000. 82.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Church & Dwight Company, Inc. (CHD) opened at 49.70 on Wednesday. The firm’s 50-day moving average is $52.70 and its 200 day moving average is $50.35. Church & Dwight Company, Inc. has a 1-year low of $42.56 and a 1-year high of $54.18. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 27.16 and a beta of 0.57.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. Church & Dwight’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. Equities analysts expect that Church & Dwight Company, Inc. will post $1.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a $0.19 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.53%. Church & Dwight’s dividend payout ratio (DPR) is currently 44.97%.
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A number of research analysts have recently commented on CHD shares. Jefferies Group LLC reissued a “buy” rating and set a $58.00 target price (up from $54.00) on shares of Church & Dwight in a research report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Wednesday, May 10th. Finally, BidaskClub upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.07.
In related news, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the transaction, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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