KBC Group NV reduced its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 12.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,939 shares of the company’s stock after selling 4,321 shares during the period. KBC Group NV’s holdings in Church & Dwight were worth $1,605,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CHD. BB&T Securities LLC boosted its position in shares of Church & Dwight by 437.9% in the first quarter. BB&T Securities LLC now owns 280,837 shares of the company’s stock valued at $14,005,000 after buying an additional 228,629 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Church & Dwight by 4.0% in the first quarter. Thrivent Financial For Lutherans now owns 9,380 shares of the company’s stock valued at $468,000 after buying an additional 360 shares during the last quarter. BlackRock Inc. boosted its position in shares of Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Church & Dwight by 1.2% in the second quarter. Trust Co. of Vermont now owns 97,476 shares of the company’s stock valued at $5,057,000 after buying an additional 1,158 shares during the last quarter. Finally, Elkhorn Investments LLC bought a new position in shares of Church & Dwight during the first quarter valued at about $1,120,000. Institutional investors and hedge funds own 79.63% of the company’s stock.

Shares of Church & Dwight Company, Inc. (CHD) opened at 49.52 on Wednesday. Church & Dwight Company, Inc. has a 1-year low of $42.56 and a 1-year high of $54.18. The stock has a market cap of $12.36 billion, a PE ratio of 29.28 and a beta of 0.57. The company’s 50-day moving average price is $51.57 and its 200 day moving average price is $50.83.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $898 million for the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Equities analysts forecast that Church & Dwight Company, Inc. will post $1.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.53%. Church & Dwight’s dividend payout ratio is 44.97%.

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CHD has been the subject of several recent research reports. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 price objective (up previously from $60.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. BidaskClub cut Church & Dwight from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of Church & Dwight in a research note on Friday, May 5th. Finally, Bank of America Corporation lifted their price objective on Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a research note on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. Church & Dwight has a consensus rating of “Hold” and a consensus target price of $51.07.

In related news, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the transaction, the director now directly owns 56,497 shares in the company, valued at $2,815,810.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.30, for a total value of $8,950,382.00. Following the transaction, the executive vice president now owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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

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