Alyeska Investment Group L.P. bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 241,123 shares of the company's stock, valued at approximately $25,248,000. Alyeska Investment Group L.P. owned approximately 0.10% of Church & Dwight at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Church & Dwight by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock worth $3,213,661,000 after buying an additional 193,602 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after purchasing an additional 1,190,154 shares during the last quarter. Geode Capital Management LLC boosted its position in Church & Dwight by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after purchasing an additional 148,234 shares in the last quarter. Stifel Financial Corp grew its stake in Church & Dwight by 0.5% in the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock valued at $451,975,000 after purchasing an additional 20,887 shares during the last quarter. Finally, Norges Bank bought a new position in Church & Dwight in the fourth quarter worth about $318,532,000. Hedge funds and other institutional investors own 86.60% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on CHD shares. Oppenheimer reduced their price objective on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and increased their price objective for the company from $112.00 to $125.00 in a report on Tuesday, April 15th. Royal Bank of Canada decreased their price target on Church & Dwight from $105.00 to $100.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, Cowen lowered shares of Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $109.13.
View Our Latest Stock Report on CHD
Insiders Place Their Bets
In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the transaction, the executive vice president now directly owns 6,437 shares of the company's stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock worth $7,538,449 over the last three months. 1.20% of the stock is owned by insiders.
Church & Dwight Price Performance
Shares of NYSE:CHD traded up $0.17 during trading on Thursday, hitting $92.16. 2,017,532 shares of the stock were exchanged, compared to its average volume of 1,589,829. The company has a fifty day moving average price of $104.80 and a two-hundred day moving average price of $105.66. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a market cap of $22.68 billion, a PE ratio of 38.88, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 12-month low of $91.08 and a 12-month high of $116.46.
Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm posted $0.96 EPS. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is presently 50.64%.
About Church & Dwight
(
Free Report)
Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, 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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