MainStreet Investment Advisors LLC lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 4.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,622 shares of the company’s stock after selling 709 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Church & Dwight were worth $1,067,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CHD. Wealth Quarterback LLC bought a new position in shares of Church & Dwight during the fourth quarter valued at approximately $17,134,010,000. Capital International Investors raised its holdings in shares of Church & Dwight by 69.9% during the fourth quarter. Capital International Investors now owns 13,492,677 shares of the company’s stock valued at $949,075,000 after acquiring an additional 5,549,960 shares in the last quarter. Norges Bank bought a new position in shares of Church & Dwight during the fourth quarter valued at approximately $145,179,000. WCM Investment Management LLC bought a new position in shares of Church & Dwight during the fourth quarter valued at approximately $104,719,000. Finally, Stifel Financial Corp raised its holdings in shares of Church & Dwight by 82.3% during the fourth quarter. Stifel Financial Corp now owns 2,427,239 shares of the company’s stock valued at $170,767,000 after acquiring an additional 1,096,035 shares in the last quarter. Hedge funds and other institutional investors own 80.48% of the company’s stock.
Shares of NYSE CHD traded up $0.96 during trading on Friday, reaching $71.93. The company had a trading volume of 941,691 shares, compared to its average volume of 1,683,469. Church & Dwight Co., Inc. has a 12-month low of $47.98 and a 12-month high of $80.99. The stock has a market cap of $17.45 billion, a PE ratio of 26.94, a P/E/G ratio of 3.18 and a beta of 0.31. The business’s 50-day moving average is $70.96 and its 200 day moving average is $70.51. The company has a quick ratio of 0.81, a current ratio of 1.03 and a debt-to-equity ratio of 0.64.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Church & Dwight’s dividend payout ratio is currently 38.87%.
In related news, CMO Britta Bomhard sold 59,260 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $73.60, for a total transaction of $4,361,536.00. Following the sale, the chief marketing officer now directly owns 59,923 shares of the company’s stock, valued at $4,410,332.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Craigie sold 87,400 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.28, for a total value of $6,404,672.00. Following the sale, the director now directly owns 11,019 shares in the company, valued at $807,472.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 362,660 shares of company stock worth $26,145,808. Insiders own 2.00% of the company’s stock.
CHD has been the subject of a number of recent analyst reports. Oppenheimer restated a “buy” rating and set a $85.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, April 13th. SunTrust Banks upped their price target on Church & Dwight from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Barclays reduced their price target on Church & Dwight from $65.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, March 26th. Finally, Stifel Nicolaus upped their price target on Church & Dwight from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $74.27.
Church & Dwight Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and 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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