Banco Santander S.A. purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the 1st quarter, Holdings Channel.com reports. The fund purchased 85,845 shares of the company’s stock, valued at approximately $5,509,000.
Other institutional investors have also made changes to their positions in the company. Orion Portfolio Solutions LLC bought a new stake in Church & Dwight in the 4th quarter valued at $26,000. Pacitti Group Inc. acquired a new stake in shares of Church & Dwight in the 4th quarter valued at $26,000. Busey Wealth Management acquired a new stake in shares of Church & Dwight in the 4th quarter valued at $30,000. Valeo Financial Advisors LLC boosted its stake in shares of Church & Dwight by 1,019.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 470 shares of the company’s stock valued at $32,000 after purchasing an additional 428 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Church & Dwight in the 1st quarter valued at $37,000. 80.48% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CMO Britta Bomhard sold 59,260 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $73.60, for a total transaction of $4,361,536.00. Following the completion of the sale, the chief marketing officer now directly owns 59,923 shares of the company’s stock, valued at approximately $4,410,332.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Craigie sold 87,400 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $73.28, for a total value of $6,404,672.00. Following the sale, the director now directly owns 11,019 shares of the company’s stock, valued at $807,472.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 362,660 shares of company stock valued at $26,145,808. 2.00% of the stock is currently owned by company insiders.
Shares of CHD stock traded up $0.96 on Friday, reaching $71.93. The company had a trading volume of 941,691 shares, compared to its average volume of 1,683,469. The company has a current ratio of 1.03, a quick ratio of 0.81 and a debt-to-equity ratio of 0.64. The stock has a market cap of $17.45 billion, a PE ratio of 26.94, a PEG ratio of 3.18 and a beta of 0.31. The company has a 50-day moving average of $70.96 and a 200-day moving average of $70.51. Church & Dwight Co., Inc. has a 12 month low of $47.98 and a 12 month high of $80.99.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.96%. Church & Dwight’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.72 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Church & Dwight’s dividend payout ratio (DPR) is presently 38.87%.
Several brokerages have recently commented on CHD. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Oppenheimer restated a “buy” rating and issued a $85.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, April 13th. Barclays reduced their target price on shares of Church & Dwight from $65.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, March 26th. Finally, SunTrust Banks upped their price target on shares of Church & Dwight from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $74.27.
Church & Dwight Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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