Banco Santander S.A. acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 85,845 shares of the company’s stock, valued at approximately $5,509,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealth Quarterback LLC bought a new position in Church & Dwight during the 4th quarter valued at $17,134,010,000. Capital International Investors boosted its stake in Church & Dwight by 69.9% during the 4th 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 during the last quarter. Geode Capital Management LLC boosted its stake in Church & Dwight by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,981,596 shares of the company’s stock valued at $279,622,000 after acquiring an additional 77,236 shares during the last quarter. Bank of America Corp DE boosted its stake in Church & Dwight by 19.8% during the 4th quarter. Bank of America Corp DE now owns 2,940,736 shares of the company’s stock valued at $206,852,000 after acquiring an additional 485,983 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Church & Dwight by 82.3% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 80.48% of the company’s stock.
A number of research analysts have commented on CHD shares. SunTrust Banks increased their price objective on shares of Church & Dwight from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Monday, April 13th. Stifel Nicolaus raised their price target on shares of Church & Dwight from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Oppenheimer restated a “buy” rating and issued a $85.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Finally, Barclays reduced their price target on shares of Church & Dwight from $65.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $74.27.
NYSE:CHD traded up $0.96 during mid-day trading on Friday, hitting $71.93. The stock had a trading volume of 941,691 shares, compared to its average volume of 1,683,469. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 3.18 and a beta of 0.31. The company has a current ratio of 1.03, a quick ratio of 0.81 and a debt-to-equity ratio of 0.64. The company has a 50 day simple moving average of $70.96 and a 200-day simple moving average of $70.51. Church & Dwight Co., Inc. has a 52 week low of $47.98 and a 52 week high of $80.99.
Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Church & Dwight had a net margin of 14.96% and a return on equity of 24.62%. Church & Dwight’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 2.72 earnings per share for the current year.
The firm also recently disclosed 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 of this dividend is Thursday, May 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Church & Dwight’s dividend payout ratio is currently 38.87%.
In other news, Director James Craigie sold 200,000 shares of Church & Dwight stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $71.17, for a total value of $14,234,000.00. Following the transaction, the director now owns 209,819 shares of the company’s stock, valued at approximately $14,932,818.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Britta Bomhard sold 59,260 shares of Church & Dwight stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer now directly owns 59,923 shares in the company, valued at approximately $4,410,332.80. The disclosure for this sale can be found here. Insiders sold a total of 362,660 shares of company stock worth $26,145,808 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.
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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