Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Unigestion Holding SA

Unigestion Holding SA cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 29.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,412 shares of the company's stock after selling 42,668 shares during the period. Unigestion Holding SA's holdings in Church & Dwight were worth $11,048,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHD. Merit Financial Group LLC increased its stake in shares of Church & Dwight by 7.3% during the first quarter. Merit Financial Group LLC now owns 6,189 shares of the company's stock valued at $681,000 after buying an additional 420 shares during the period. NBC Securities Inc. purchased a new stake in shares of Church & Dwight during the first quarter valued at approximately $61,000. Czech National Bank raised its stake in shares of Church & Dwight by 6.4% in the first quarter. Czech National Bank now owns 56,495 shares of the company's stock worth $6,220,000 after purchasing an additional 3,374 shares during the last quarter. Rhumbline Advisers raised its position in Church & Dwight by 6.6% in the 1st quarter. Rhumbline Advisers now owns 451,260 shares of the company's stock worth $49,679,000 after buying an additional 28,072 shares during the last quarter. Finally, Fulcrum Capital LLC bought a new position in Church & Dwight during the first quarter valued at approximately $210,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Church & Dwight

In related news, EVP Michael Read purchased 3,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $92.07 per share, with a total value of $276,210.00. Following the completion of the acquisition, the executive vice president now owns 5,505 shares of the company's stock, valued at $506,845.35. The trade was a 119.76% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard A. Dierker acquired 7,950 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of $94.66 per share, for a total transaction of $752,547.00. Following the purchase, the chief executive officer now directly owns 16,358 shares in the company, valued at approximately $1,548,448.28. This trade represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 109,765 shares of company stock valued at $11,821,881. 2.00% of the stock is owned by insiders.

Church & Dwight Stock Performance

Shares of NYSE CHD traded down $0.78 during midday trading on Thursday, reaching $98.85. The company had a trading volume of 1,687,359 shares, compared to its average volume of 1,702,076. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The business's 50-day simple moving average is $99.56 and its 200 day simple moving average is $104.58. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a market cap of $24.35 billion, a P/E ratio of 41.71, a P/E/G ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. 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 business posted $0.96 EPS. The firm's quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 1.19%. Church & Dwight's dividend payout ratio is presently 50.64%.

Wall Street Analysts Forecast Growth

CHD has been the topic of several research reports. Barclays dropped their target price on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. TD Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a research note on Tuesday, May 6th. Oppenheimer dropped their price target 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. Wells Fargo & Company upped their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada upgraded shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $100.00 to $114.00 in a report on Monday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $110.00.

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.