Church & Dwight Co., Inc. (NYSE:CHD) Position Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 12.4% during the second quarter, Holdings Channel reports. The firm owned 803,588 shares of the company’s stock after purchasing an additional 88,580 shares during the period. Hsbc Holdings PLC’s holdings in Church & Dwight were worth $83,249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Advocates Investment Management grew its position in Church & Dwight by 6.7% during the 4th quarter. Financial Advocates Investment Management now owns 2,477 shares of the company’s stock worth $234,000 after purchasing an additional 155 shares in the last quarter. UBS Group AG raised its position in Church & Dwight by 16.1% during the fourth quarter. UBS Group AG now owns 619,433 shares of the company’s stock valued at $58,574,000 after buying an additional 86,045 shares during the period. Corient Private Wealth LLC lifted its stake in Church & Dwight by 168.3% in the 4th quarter. Corient Private Wealth LLC now owns 377,739 shares of the company’s stock worth $35,719,000 after acquiring an additional 236,966 shares in the last quarter. Assetmark Inc. boosted its position in Church & Dwight by 18.8% during the 4th quarter. Assetmark Inc. now owns 891 shares of the company’s stock worth $84,000 after acquiring an additional 141 shares during the period. Finally, Franklin Resources Inc. grew its stake in Church & Dwight by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 540,701 shares of the company’s stock valued at $51,129,000 after acquiring an additional 2,079 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Price Performance

NYSE:CHD opened at $101.58 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $102.02 and its two-hundred day moving average price is $104.19. The firm has a market capitalization of $24.87 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 3.55 and a beta of 0.54. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio (DPR) is currently 35.87%.

Analysts Set New Price Targets

A number of brokerages recently commented on CHD. Wells Fargo & Company lowered their price objective on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Evercore ISI lowered their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Barclays increased their price objective on Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research note on Monday, September 9th. Finally, Argus raised their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus price target of $106.58.

Church & Dwight Company Profile

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.