Peapack Gladstone Financial Corp Has $710,000 Holdings in Church & Dwight Company, Inc. (CHD)
Peapack Gladstone Financial Corp raised its holdings in Church & Dwight Company, Inc. (NYSE:CHD) by 38.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,676 shares of the company’s stock after acquiring an additional 3,808 shares during the period. Peapack Gladstone Financial Corp’s holdings in Church & Dwight were worth $710,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of CHD. YorkBridge Wealth Partners LLC raised its holdings in Church & Dwight by 5.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after acquiring an additional 108 shares during the last quarter. Tredje AP fonden acquired a new stake in shares of Church & Dwight during the 2nd quarter worth $140,000. Westside Investment Management Inc. acquired a new stake in shares of Church & Dwight during the 1st quarter worth $149,000. Parallel Advisors LLC increased its holdings in shares of Church & Dwight by 53.5% during the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $161,000 after buying an additional 1,150 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in shares of Church & Dwight by 274.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock worth $163,000 after buying an additional 2,300 shares during the last quarter. Institutional investors own 79.57% of the company’s stock.
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Shares of Church & Dwight Company, Inc. (NYSE CHD) traded down 0.61% during mid-day trading on Friday, reaching $47.64. 191,093 shares of the company were exchanged. The firm’s 50-day moving average is $49.35 and its 200-day moving average is $50.79. Church & Dwight Company, Inc. has a 12 month low of $42.56 and a 12 month high of $54.18. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 28.17 and a beta of 0.60.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $898.00 million for the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. Church & Dwight’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, equities analysts forecast that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.
In other news, VP Steven J. Katz sold 11,200 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total transaction of $561,904.00. Following the transaction, the vice president now owns 4,458 shares in the company, valued at approximately $223,657.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the transaction, the executive vice president now owns 46,348 shares in the company, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. Insiders have sold a total of 198,858 shares of company stock worth $9,996,631 in the last 90 days. 2.00% of the stock is owned by insiders.
CHD has been the subject of a number of research analyst reports. KeyCorp restated a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. UBS AG restated a “sell” rating and set a $48.00 price objective (up from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Barclays PLC set a $49.00 price objective on Church & Dwight and gave the stock a “sell” rating in a report on Sunday, August 6th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.24.
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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