Man Group plc boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,698 shares of the company’s stock after purchasing an additional 6,243 shares during the quarter. Man Group plc’s holdings in Church & Dwight were worth $8,883,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in CHD. Los Angeles Capital Management LLC boosted its holdings in Church & Dwight by 19.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 734,587 shares of the company’s stock valued at $64,078,000 after purchasing an additional 118,074 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Church & Dwight by 174.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,250 shares of the company’s stock worth $196,000 after acquiring an additional 1,430 shares during the period. Nordea Investment Management AB lifted its position in shares of Church & Dwight by 11.6% in the 4th quarter. Nordea Investment Management AB now owns 17,353 shares of the company’s stock worth $1,514,000 after acquiring an additional 1,797 shares during the period. LPL Financial LLC lifted its position in shares of Church & Dwight by 16.3% in the 4th quarter. LPL Financial LLC now owns 58,278 shares of the company’s stock worth $5,084,000 after acquiring an additional 8,150 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Church & Dwight by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,070,805 shares of the company’s stock worth $93,407,000 after acquiring an additional 14,554 shares during the period. Hedge funds and other institutional investors own 80.52% of the company’s stock.
A number of brokerages have commented on CHD. JPMorgan Chase & Co. raised their price objective on Church & Dwight from $79.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, April 16th. Raymond James downgraded shares of Church & Dwight from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 13th. UBS Group started coverage on shares of Church & Dwight in a report on Wednesday, June 23rd. They set a “neutral” rating and a $85.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Church & Dwight from $91.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, April 21st. Finally, Morgan Stanley restated an “underweight” rating and set a $80.00 target price on shares of Church & Dwight in a research report on Monday, April 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $101.50.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, April 29th. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. Church & Dwight had a net margin of 15.63% and a return on equity of 23.00%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.03 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Friday, May 14th were paid a $0.2525 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, May 13th. Church & Dwight’s dividend payout ratio is presently 35.69%.
Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry 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 analgesics 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; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; and cold remedy products under the ZICAM brand.
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