KBC Group NV Grows Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

KBC Group NV lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 205.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,502 shares of the company's stock after acquiring an additional 207,429 shares during the period. KBC Group NV owned approximately 0.13% of Church & Dwight worth $33,963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHD. IAG Wealth Partners LLC raised its position in shares of Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after buying an additional 130 shares in the last quarter. Versant Capital Management Inc increased its stake in Church & Dwight by 42.1% in the 1st 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. Bernard Wealth Management Corp. purchased a new stake in shares of Church & Dwight in the 4th quarter valued at about $40,000. Banque Transatlantique SA bought a new stake in shares of Church & Dwight during the 4th quarter valued at about $46,000. Finally, NBC Securities Inc. bought a new position in shares of Church & Dwight in the first quarter worth approximately $61,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Price Performance

CHD opened at $94.84 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.43. The stock's 50 day simple moving average is $96.85 and its 200 day simple moving average is $103.05. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 3.80 and a beta of 0.52. Church & Dwight Co., Inc. has a 1 year low of $74.50 and a 1 year high of $116.46.

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

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

Analysts Set New Price Targets

Several brokerages have issued reports on CHD. UBS Group dropped their target price on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Evercore ISI lowered their price objective on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Morgan Stanley cut 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 report on Monday, May 5th. TD Cowen cut Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price on the stock. in a research note on Tuesday, May 6th. Finally, Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $108.29.

Insider Transactions at Church & Dwight

In related news, Director Penry W. Price sold 14,660 shares of the company's 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 now owns 27,043 shares in the company, valued at $2,518,514.59. This represents a 35.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carlen Hooker sold 6,380 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total value of $627,154.00. Following the completion of the sale, the executive vice president now directly owns 262 shares of the company's stock, valued at $25,754.60. The trade was a 96.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,575 shares of company stock worth $4,910,586. 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.

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