MeadowBrook Investment Advisors LLC Purchases New Position in Church & Dwight Co., Inc. (NYSE:CHD)

MeadowBrook Investment Advisors LLC acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,665 shares of the company’s stock, valued at approximately $157,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Trail Advisors LLC raised its position in Church & Dwight by 7.8% during the fourth quarter. Summit Trail Advisors LLC now owns 3,924 shares of the company’s stock worth $371,000 after acquiring an additional 285 shares during the period. Metis Global Partners LLC raised its position in shares of Church & Dwight by 3.9% during the 4th quarter. Metis Global Partners LLC now owns 15,178 shares of the company’s stock worth $1,435,000 after purchasing an additional 567 shares during the last quarter. Connecticut Wealth Management LLC lifted its stake in Church & Dwight by 183.7% in the 4th quarter. Connecticut Wealth Management LLC now owns 7,744 shares of the company’s stock valued at $732,000 after buying an additional 5,014 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in Church & Dwight by 26.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 17,621 shares of the company’s stock worth $1,666,000 after buying an additional 3,705 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Church & Dwight during the fourth quarter valued at approximately $277,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Down 0.7 %

CHD stock traded down $0.70 during midday trading on Monday, reaching $105.41. 1,223,371 shares of the company were exchanged, compared to its average volume of 1,297,963. The stock’s 50-day simple moving average is $103.68 and its 200 day simple moving average is $97.88. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $108.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 3.53 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.2838 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

Insider Buying and Selling

In other news, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the sale, the executive vice president now owns 4,319 shares in the company, valued at $451,551.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard A. Dierker sold 24,380 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $103.61, for a total value of $2,526,011.80. Following the sale, the chief financial officer now directly owns 7,634 shares in the company, valued at approximately $790,958.74. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock valued at $38,603,796 over the last quarter. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Evercore ISI increased their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research note on Friday. UBS Group upped their price target on Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. TheStreet raised Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Barclays lowered their price objective on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.56.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. 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; 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 showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.