Prospector Partners LLC Has $15.16 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Prospector Partners LLC reduced its holdings in Church & Dwight Co., Inc. by 10%, now owning 137,673 shares worth approximately $15.16 million, making it the firm's 23rd largest holding.
• Church & Dwight's stock has seen mixed analyst ratings, with targets ranging from $83.00 to $108.00 and a consensus rating of "Hold".
• The company recently declared a quarterly dividend of $0.295 per share, reflecting a dividend yield of 1.3% and a payout ratio of 55.66%.

Prospector Partners LLC cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,673 shares of the company's stock after selling 15,316 shares during the period. Church & Dwight accounts for approximately 1.7% of Prospector Partners LLC's holdings, making the stock its 23rd biggest holding. Prospector Partners LLC owned about 0.06% of Church & Dwight worth $15,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. IAG Wealth Partners LLC increased its stake in shares of Church & Dwight by 92.9% in the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Church & Dwight in the 1st quarter valued at about $40,000. Versant Capital Management Inc increased its stake in shares of Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after acquiring an additional 112 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight in the 4th quarter valued at about $42,000. Finally, Chilton Capital Management LLC increased its stake in shares of Church & Dwight by 90.9% in the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price target on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lowered their price target on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. TD Cowen cut Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price target for the company. in a research note on Tuesday, May 6th. UBS Group upped their price target on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Redburn Partners set a $83.00 target price on shares of Church & Dwight in a report on Monday, July 14th. Four 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 a consensus rating of "Hold" and a consensus target price of $103.94.

Insider Activity at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the transaction, the director directly owned 13,747 shares of the company's stock, valued at $1,360,953. This trade represents a 51.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lee B. Mcchesney purchased 5,409 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost 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 in the company, valued at approximately $494,274.42. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 12,879 shares of company stock worth $1,177,702 and sold 35,915 shares worth $3,545,300. Insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

Shares of CHD opened at $92.46 on Friday. The stock has a market capitalization of $22.52 billion, a P/E ratio of 43.61, a P/E/G ratio of 3.82 and a beta of 0.43. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The company has a 50 day moving average of $96.00 and a 200-day moving average of $100.71. 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 (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. As a group, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight's dividend payout ratio (DPR) is currently 55.66%.

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.

Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.