OppenheimerFunds Inc. raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 80,441.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,905,303 shares of the company’s stock after buying an additional 5,897,971 shares during the quarter. OppenheimerFunds Inc. owned approximately 2.41% of Church & Dwight worth $313,926,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CHD. Signaturefd LLC acquired a new position in shares of Church & Dwight in the 1st quarter valued at about $106,000. Bartlett & Co. LLC lifted its stake in shares of Church & Dwight by 937.5% in the 2nd quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock valued at $106,000 after purchasing an additional 1,800 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Church & Dwight by 3,720.6% in the 1st quarter. Summit Trail Advisors LLC now owns 119,660 shares of the company’s stock valued at $120,000 after purchasing an additional 116,528 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Church & Dwight in the 2nd quarter valued at about $148,000. Finally, Edge Wealth Management LLC lifted its stake in shares of Church & Dwight by 5,600.0% in the 2nd quarter. Edge Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $152,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.
In other Church & Dwight news, EVP Steven P. Cugine sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $57.24, for a total value of $1,717,200.00. Following the transaction, the executive vice president now directly owns 58,948 shares of the company’s stock, valued at approximately $3,374,183.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew Farrell sold 19,278 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $48.02, for a total value of $925,729.56. Following the completion of the transaction, the insider now directly owns 104,070 shares in the company, valued at $4,997,441.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 549,247 shares of company stock worth $30,839,040. 2.00% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on CHD shares. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, May 21st. Jefferies Financial Group reissued a “buy” rating and set a $55.00 price target on shares of Church & Dwight in a research report on Sunday, June 10th. Royal Bank of Canada boosted their price target on Church & Dwight to $60.00 and gave the stock a “fair value” rating in a research report on Friday, August 3rd. Stifel Nicolaus boosted their price target on Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. Finally, BMO Capital Markets boosted their price target on Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Church & Dwight currently has an average rating of “Hold” and an average target price of $54.00.
Shares of CHD opened at $57.70 on Thursday. Church & Dwight Co., Inc. has a 52-week low of $43.21 and a 52-week high of $58.03. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.48 and a beta of 0.38. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.81.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.41 EPS. Church & Dwight’s quarterly revenue was up 14.5% on a year-over-year basis. sell-side analysts expect that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th were given a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Tuesday, August 14th. Church & Dwight’s payout ratio is 44.85%.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
Further Reading: Earnings Per Share (EPS)
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