Allianz Asset Management GmbH Purchases 66,357 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Church & Dwight Co., Inc. by 451.2% during the first quarter, now holding 81,065 shares valued at approximately $8.9 million.
• Insider activities included EVP Carlen Hooker selling 6,380 shares for about $627,154, while CEO Richard A. Dierker purchased 7,950 shares for roughly $752,547, indicating varied confidence in the stock.
• The company reported $1.47 billion in revenue for the quarter, with an EPS of $0.91, slightly surpassing analysts' expectations, despite a year-over-year revenue decline of 2.4%.

Allianz Asset Management GmbH raised its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 451.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,065 shares of the company's stock after purchasing an additional 66,357 shares during the period. Allianz Asset Management GmbH's holdings in Church & Dwight were worth $8,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its holdings in Church & Dwight by 3.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 18,928 shares of the company's stock valued at $2,084,000 after purchasing an additional 637 shares during the period. Private Advisor Group LLC grew its holdings in Church & Dwight by 0.8% during the first quarter. Private Advisor Group LLC now owns 23,484 shares of the company's stock valued at $2,585,000 after purchasing an additional 197 shares during the period. Creekmur Asset Management LLC grew its holdings in Church & Dwight by 29,000.0% during the first quarter. Creekmur Asset Management LLC now owns 2,037 shares of the company's stock valued at $224,000 after purchasing an additional 2,030 shares during the period. Burling Wealth Partners LLC grew its holdings in Church & Dwight by 31.6% during the first quarter. Burling Wealth Partners LLC now owns 33,865 shares of the company's stock valued at $3,728,000 after purchasing an additional 8,126 shares during the period. Finally, Forum Financial Management LP grew its holdings in Church & Dwight by 97.3% during the first quarter. Forum Financial Management LP now owns 5,648 shares of the company's stock valued at $622,000 after purchasing an additional 2,785 shares during the period. 86.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Carlen Hooker sold 6,380 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $98.30, for a total transaction of $627,154.00. Following the sale, the executive vice president owned 262 shares in the company, valued at $25,754.60. This trade represents a 96.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard A. Dierker purchased 7,950 shares of the stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $94.66 per share, for a total transaction of $752,547.00. Following the transaction, the chief executive officer directly owned 16,358 shares of the company's stock, valued at approximately $1,548,448.28. This represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 50,575 shares of company stock valued at $4,910,586. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Price Performance

NYSE:CHD opened at $97.17 on Friday. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 3.89 and a beta of 0.51. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The stock has a fifty day moving average of $97.34 and a 200 day moving average of $102.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm's quarterly revenue was down 2.4% on a year-over-year basis. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.21%. Church & Dwight's payout ratio is 50.64%.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of analyst reports. Barclays cut their price target on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $100.00 to $114.00 in a report on Monday, June 2nd. JPMorgan Chase & Co. raised their price target on Church & Dwight from $92.00 to $97.00 and gave the stock an "underweight" rating in a report on Friday. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, UBS Group raised their price target on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $104.38.

Church & Dwight Profile

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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