Checchi Capital Advisers LLC Takes Position in Church & Dwight Co., Inc. (CHD)

Checchi Capital Advisers LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,396 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OppenheimerFunds Inc. increased its holdings in shares of Church & Dwight by 80,441.5% during the second quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after buying an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Church & Dwight by 45.0% during the second quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock worth $182,283,000 after buying an additional 1,064,241 shares in the last quarter. FMR LLC increased its holdings in shares of Church & Dwight by 7.4% during the second quarter. FMR LLC now owns 2,758,699 shares of the company’s stock worth $146,652,000 after buying an additional 190,608 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Church & Dwight by 37.1% during the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after buying an additional 482,109 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Church & Dwight by 0.7% during the second quarter. Swiss National Bank now owns 1,690,016 shares of the company’s stock worth $89,841,000 after buying an additional 12,300 shares in the last quarter. 84.98% of the stock is owned by institutional investors.

In other news, CAO Steven J. Katz sold 19,760 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.12, for a total transaction of $1,128,691.20. Following the sale, the chief accounting officer now directly owns 21,018 shares of the company’s stock, valued at $1,200,548.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven P. Cugine sold 30,000 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.24, for a total transaction of $1,717,200.00. Following the sale, the executive vice president now directly owns 58,948 shares in the company, valued at $3,374,183.52. The disclosure for this sale can be found here. Insiders have sold 473,800 shares of company stock worth $27,051,358 over the last three months. 2.00% of the stock is owned by insiders.

CHD opened at $60.23 on Wednesday. Church & Dwight Co., Inc. has a one year low of $43.21 and a one year high of $61.28. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.81. The company has a market cap of $14.24 billion, a PE ratio of 31.05, a P/E/G ratio of 2.58 and a beta of 0.38.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. Church & Dwight’s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.

Several analysts have recently weighed in on CHD shares. ValuEngine raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Jefferies Financial Group raised their price objective on shares of Church & Dwight from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada raised their price objective on shares of Church & Dwight to $60.00 and gave the stock a “fair value” rating in a report on Friday, August 3rd. Stifel Nicolaus raised their price objective on shares of Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. Finally, BMO Capital Markets raised their price objective on shares of Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $56.33.

Church & Dwight Company Profile

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.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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