Aviva PLC lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 26.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 143,714 shares of the company’s stock after buying an additional 30,231 shares during the quarter. Aviva PLC’s holdings in Church & Dwight were worth $9,224,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Wealth Quarterback LLC acquired a new position in shares of Church & Dwight during the 4th quarter valued at $17,134,010,000. Capital International Investors raised its position in Church & Dwight by 69.9% in the fourth quarter. Capital International Investors now owns 13,492,677 shares of the company’s stock valued at $949,075,000 after purchasing an additional 5,549,960 shares during the period. State Street Corp raised its position in Church & Dwight by 1.2% in the first quarter. State Street Corp now owns 13,291,718 shares of the company’s stock valued at $853,062,000 after purchasing an additional 159,378 shares during the period. Geode Capital Management LLC lifted its stake in shares of Church & Dwight by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,981,596 shares of the company’s stock worth $279,622,000 after purchasing an additional 77,236 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Church & Dwight by 124.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,822,108 shares of the company’s stock worth $245,303,000 after buying an additional 2,122,684 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on CHD shares. Barclays reduced their price target on Church & Dwight from $65.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, March 26th. SunTrust Banks boosted their target price 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. Stifel Nicolaus upped 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. Finally, Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, April 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Church & Dwight currently has an average rating of “Hold” and an average target price of $74.27.
In related news, CMO Britta Bomhard sold 59,260 shares of the company’s 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 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 filing with the SEC, which is accessible through this hyperlink. Also, VP Richard A. Dierker sold 25,060 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $75.74, for a total value of $1,898,044.40. Following the transaction, the vice president now owns 32,713 shares in the company, valued at $2,477,682.62. The disclosure for this sale can be found here. Insiders sold 387,720 shares of company stock valued at $28,043,852 over the last quarter. Insiders own 2.00% of the company’s stock.
Shares of CHD stock traded up $0.09 during mid-day trading on Thursday, reaching $75.59. 807,024 shares of the company were exchanged, compared to its average volume of 1,843,302. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.81 and a current ratio of 1.03. The business’s 50 day simple moving average is $72.66 and its 200 day simple moving average is $71.07. The company has a market capitalization of $18.14 billion, a P/E ratio of 28.49, a P/E/G ratio of 3.31 and a beta of 0.32. Church & Dwight Co., Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $80.99.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Church & Dwight had a net margin of 14.96% and a return on equity of 24.62%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS. On average, analysts forecast that Church & Dwight Co., Inc. will post 2.72 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.24 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. Church & Dwight’s dividend payout ratio (DPR) is 38.87%.
About Church & Dwight
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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