Unigestion Holding SA cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 55.0% in the 3rd quarter, Holdings Channel reports. The fund owned 175,564 shares of the company’s stock after selling 214,408 shares during the quarter. Unigestion Holding SA’s holdings in Church & Dwight were worth $10,423,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Bartlett & Co. LLC lifted its position in Church & Dwight by 937.5% during the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after acquiring an additional 1,800 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Church & Dwight during the third quarter worth approximately $107,000. Fort L.P. acquired a new stake in Church & Dwight during the second quarter worth approximately $129,000. Global Trust Asset Management LLC acquired a new stake in Church & Dwight during the third quarter worth approximately $142,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Church & Dwight during the second quarter worth approximately $148,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.
Several equities research analysts have issued reports on the stock. Oppenheimer raised their price objective on shares of Church & Dwight from $66.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of Church & Dwight from $50.00 to $55.00 and gave the stock a “sell” rating in a research report on Monday, November 5th. Barclays set a $54.00 price objective on shares of Church & Dwight and gave the stock a “sell” rating in a research report on Saturday, November 3rd. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $58.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Finally, Citigroup raised their price objective on shares of Church & Dwight from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $58.88.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be given a $0.2175 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.33%. Church & Dwight’s payout ratio is 44.85%.
In other news, Director Robert K. Shearer sold 16,718 shares of Church & Dwight stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the sale, the director now directly owns 45,826 shares in the company, valued at $2,649,659.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Louis Tursi sold 315,820 shares of Church & Dwight stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $57.10, for a total transaction of $18,033,322.00. Following the completion of the sale, the vice president now owns 155,434 shares of the company’s stock, valued at $8,875,281.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 650,082 shares of company stock valued at $39,909,666. 2.00% of the stock is owned by company insiders.
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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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