Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its holdings in Church & Dwight by 6.6%, acquiring an additional 4,426 shares, bringing their total to 71,107 shares worth approximately $7.83 million.
• Church & Dwight reported earnings per share of $0.91 for the last quarter, surpassing analysts' expectations, although its revenue of $1.47 billion fell short compared to consensus estimates of $1.52 billion.
• The company declared a quarterly dividend of $0.295 per share, with a payout ratio of approximately 50.64%, to be distributed on September 2nd to shareholders of record as of August 15th.

Cetera Investment Advisers lifted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,107 shares of the company's stock after acquiring an additional 4,426 shares during the quarter. Cetera Investment Advisers' holdings in Church & Dwight were worth $7,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CHD. IAG Wealth Partners LLC increased its stake in shares of Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in Church & Dwight during the 4th quarter valued at $40,000. Wayfinding Financial LLC bought a new position in shares of Church & Dwight in the 1st quarter worth approximately $40,000. Versant Capital Management Inc raised its stake in shares of Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after buying an additional 112 shares during the period. Finally, Banque Transatlantique SA bought a new stake in shares of Church & Dwight during the 4th quarter valued at $46,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Down 2.7%

Shares of Church & Dwight stock traded down $2.58 during mid-day trading on Monday, hitting $91.43. The stock had a trading volume of 1,669,262 shares, compared to its average volume of 2,057,330. The firm has a 50-day moving average of $97.26 and a two-hundred day moving average of $101.70. The firm has a market cap of $22.52 billion, a P/E ratio of 43.17, a price-to-earnings-growth ratio of 3.77 and a beta of 0.43. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $0.93 EPS. The company's quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight's payout ratio is presently 50.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a research report on Monday. Redburn Atlantic lowered shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. Oppenheimer lowered 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 raised Church & Dwight from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Finally, Evercore ISI decreased their price target on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and an average target price of $103.94.

Insider Activity

In other news, EVP Michael Read bought 3,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the purchase, the executive vice president owned 5,505 shares of the company's stock, valued at approximately $506,845.35. This represents a 119.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Penry W. Price sold 14,660 shares of Church & Dwight stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the completion of the transaction, the director owned 27,043 shares of the company's stock, valued at $2,518,514.59. This represents a 35.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,575 shares of company stock worth $4,910,586 over the last three months. Company insiders own 1.20% of the company's stock.

Church & Dwight Company 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.