Martingale Asset Management L P Sells 3,998 Shares of Church & Dwight Company, Inc. (CHD)
Martingale Asset Management L P lowered its stake in Church & Dwight Company, Inc. (NYSE:CHD) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,922 shares of the company’s stock after selling 3,998 shares during the quarter. Martingale Asset Management L P’s holdings in Church & Dwight were worth $3,472,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of CHD. Tredje AP fonden acquired a new stake in shares of Church & Dwight in the second quarter valued at about $140,000. Westside Investment Management Inc. acquired a new stake in shares of Church & Dwight in the first quarter valued at about $149,000. Parallel Advisors LLC grew its stake in shares of Church & Dwight by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after buying an additional 1,150 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Church & Dwight by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after buying an additional 288 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Church & Dwight in the second quarter valued at about $203,000. Institutional investors and hedge funds own 79.65% of the company’s stock.
A number of equities research analysts have recently issued reports on CHD shares. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Friday, May 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $59.00 target price on shares of Church & Dwight in a research note on Tuesday, June 13th. BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Bank of America Corporation increased their target price 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 research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. Church & Dwight currently has an average rating of “Hold” and an average target price of $51.14.
Church & Dwight Company, Inc. (CHD) opened at 50.43 on Friday. Church & Dwight Company, Inc. has a 12-month low of $42.56 and a 12-month high of $54.18. The firm’s 50-day moving average price is $50.29 and its 200-day moving average price is $50.92. The company has a market cap of $12.58 billion, a P/E ratio of 29.82 and a beta of 0.60.
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 $898.00 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. Analysts expect that Church & Dwight Company, Inc. will post $1.93 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.
In related news, VP Steven J. Katz sold 11,200 shares of Church & Dwight stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $50.17, for a total transaction of $561,904.00. Following the sale, the vice president now directly owns 4,458 shares of the company’s stock, valued at $223,657.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the sale, the executive vice president now directly owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,858 shares of company stock worth $9,996,631. 2.00% of the stock is owned by company insiders.
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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