Ffcm LLC Acquires 1,980 Shares of Church & Dwight Co., Inc. (CHD)
Ffcm LLC lifted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,470 shares of the company’s stock after buying an additional 1,980 shares during the period. Ffcm LLC’s holdings in Church & Dwight were worth $525,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CHD. Sandy Spring Bank grew its position in shares of Church & Dwight by 138.4% during the 3rd quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after buying an additional 1,600 shares during the last quarter. Ledyard National Bank boosted its stake in Church & Dwight by 176.3% during the 4th quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock valued at $147,000 after purchasing an additional 1,865 shares during the period. Hermes Investment Management Ltd. acquired a new position in Church & Dwight during the 4th quarter valued at about $206,000. MUFG Americas Holdings Corp acquired a new position in Church & Dwight during the 3rd quarter valued at about $218,000. Finally, Delaney Dennis R acquired a new position in Church & Dwight during the 4th quarter valued at about $241,000. 78.62% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on CHD. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $46.00 to $48.00 and gave the company a “hold” rating in a research note on Tuesday, February 6th. Zacks Investment Research lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Wells Fargo & Co reduced their target price on shares of Church & Dwight from $52.00 to $50.00 and set a “market perform” rating for the company in a research note on Tuesday, February 6th. Royal Bank of Canada boosted their target price on shares of Church & Dwight to $51.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Finally, Oppenheimer raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.40.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. research analysts anticipate that Church & Dwight Co., Inc. will post 2.27 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.2175 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.19. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, February 14th. Church & Dwight’s dividend payout ratio is currently 26.03%.
Church & Dwight announced that its Board of Directors has authorized a share repurchase program on Thursday, November 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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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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