Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Church & Dwight Co., Inc. by 10.3%, selling 137,777 shares and holding approximately 1,198,732 shares post-sale.
• Church & Dwight recently reported an EPS of $0.94 for the last quarter, exceeding estimates of $0.85, but experienced a 0.3% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.295 per share, resulting in an annualized dividend of $1.18 at a yield of 1.3%.

Deutsche Bank AG lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,198,732 shares of the company's stock after selling 137,777 shares during the quarter. Deutsche Bank AG owned about 0.49% of Church & Dwight worth $131,968,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. IAG Wealth Partners LLC lifted its position 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 worth $30,000 after purchasing an additional 130 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Church & Dwight in the first quarter valued at approximately $40,000. Bernard Wealth Management Corp. purchased a new position in shares of Church & Dwight during the fourth quarter worth approximately $42,000. Versant Capital Management Inc grew its position in shares of Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after acquiring an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Church & Dwight during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Trading Up 0.7%

Shares of CHD traded up $0.60 during trading hours on Tuesday, hitting $92.26. The company had a trading volume of 2,308,920 shares, compared to its average volume of 2,382,983. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. The firm has a market cap of $22.48 billion, a P/E ratio of 43.52, a P/E/G ratio of 3.78 and a beta of 0.43. Church & Dwight Co., Inc. has a 52-week low of $90.50 and a 52-week high of $116.46. The stock's 50 day moving average price is $96.53 and its 200 day moving average price is $101.09.

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

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight's dividend payout ratio (DPR) is 55.66%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHD. Royal Bank Of Canada upgraded shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd. Redburn Partners set a $83.00 price target on Church & Dwight in a report on Monday, July 14th. Redburn Atlantic cut Church & Dwight from a "hold" rating to a "strong sell" rating in a research report on Monday, July 14th. Oppenheimer cut their price objective on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Rothschild & Co Redburn cut Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price objective for the company. in a research report on Monday, July 14th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and an average price target of $103.94.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Michael Read acquired 2,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the purchase, the executive vice president owned 7,505 shares in the company, valued at approximately $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lee B. Mcchesney acquired 5,409 shares of the stock in a transaction dated Friday, August 8th. The shares were bought at an average price of $91.38 per share, with a total value of $494,274.42. Following the completion of the purchase, the executive vice president directly owned 5,409 shares of the company's stock, valued at approximately $494,274.42. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 12,879 shares of company stock valued at $1,177,702 and sold 35,915 shares valued at $3,545,300. 1.20% of the stock is owned by insiders.

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.