Candriam Luxembourg S.C.A. reduced its position in Church & Dwight Company, Inc. (NYSE:CHD) by 97.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,255 shares of the company’s stock after selling 183,555 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Church & Dwight were worth $273,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of CHD. Vanguard Group Inc. boosted its position in shares of Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock worth $1,368,388,000 after buying an additional 1,054,013 shares during the last quarter. BlackRock Inc. boosted its position in shares of Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after buying an additional 18,639,877 shares during the last quarter. State Street Corp boosted its position in shares of Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock worth $736,228,000 after buying an additional 2,769,003 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Church & Dwight by 1.2% in the second quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock worth $249,764,000 after buying an additional 55,092 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock worth $144,473,000 after buying an additional 208,604 shares during the last quarter. Institutional investors own 80.62% of the company’s stock.
Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at 50.27 on Thursday. Church & Dwight Company, Inc. has a one year low of $42.56 and a one year high of $54.18. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 29.73 and a beta of 0.57. The firm has a 50-day moving average of $51.96 and a 200-day moving average of $50.64.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business had revenue of $898 million for the quarter, compared to the consensus estimate of $903.87 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts forecast that Church & Dwight Company, Inc. will post $1.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, August 11th. Church & Dwight’s dividend payout ratio is presently 44.97%.
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CHD has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, June 7th. BidaskClub upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of Church & Dwight in a research report on Friday, May 5th. UBS AG reiterated a “sell” rating and issued a $48.00 target price (up previously from $46.00) on shares of Church & Dwight in a research report on Tuesday, July 18th. Finally, Barclays PLC set a $49.00 target price on shares of Church & Dwight and gave the stock a “sell” rating in a research report on Sunday, August 6th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.07.
In related news, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.30, for a total value of $8,950,382.00. Following the transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert D. Leblanc sold 9,718 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the completion of the transaction, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
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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