Barclays PLC Increases Position in Church & Dwight Co., Inc. (NYSE:CHD)

Barclays PLC grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 25.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 441,745 shares of the company’s stock after buying an additional 90,375 shares during the period. Barclays PLC owned 0.18% of Church & Dwight worth $36,477,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Church & Dwight by 11.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 45,322 shares of the company’s stock worth $3,862,000 after acquiring an additional 4,639 shares during the period. Citigroup Inc. increased its stake in shares of Church & Dwight by 2.1% during the second quarter. Citigroup Inc. now owns 335,052 shares of the company’s stock worth $28,552,000 after acquiring an additional 6,763 shares during the period. Van ECK Associates Corp increased its stake in shares of Church & Dwight by 21.3% during the second quarter. Van ECK Associates Corp now owns 22,279 shares of the company’s stock worth $1,899,000 after acquiring an additional 3,912 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Church & Dwight by 51.2% during the second quarter. BNP Paribas Arbitrage SA now owns 158,131 shares of the company’s stock worth $13,476,000 after acquiring an additional 53,531 shares during the period. Finally, Empirical Finance LLC increased its stake in shares of Church & Dwight by 17.2% during the second quarter. Empirical Finance LLC now owns 2,915 shares of the company’s stock worth $248,000 after acquiring an additional 428 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

CHD stock opened at $104.22 on Friday. The company’s 50 day simple moving average is $96.54 and its 200-day simple moving average is $88.81. The firm has a market capitalization of $25.45 billion, a PE ratio of 31.97, a P/E/G ratio of 4.03 and a beta of 0.44. Church & Dwight Co., Inc. has a 12 month low of $77.62 and a 12 month high of $104.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.39.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, October 28th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Church & Dwight had a net margin of 16.02% and a return on equity of 22.39%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Monday, November 15th were paid a dividend of $0.2525 per share. This represents a $1.01 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, November 12th. Church & Dwight’s payout ratio is 30.98%.

Church & Dwight declared that its Board of Directors has initiated a stock repurchase plan on Friday, October 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Church & Dwight in a research note on Tuesday, November 30th. Wells Fargo & Company upped their target price on shares of Church & Dwight from $89.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 30th. Stifel Nicolaus upped their target price on shares of Church & Dwight from $89.00 to $92.00 and gave the stock a “hold” rating in a research report on Tuesday, November 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Tuesday, November 30th. Finally, Credit Suisse Group upped their target price on shares of Church & Dwight from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 30th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.22.

In related news, CEO Matthew Farrell sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 6th. The shares were sold at an average price of $94.02, for a total transaction of $9,402,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur B. Winkleblack sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 30th. The shares were sold at an average price of $92.40, for a total transaction of $1,108,800.00. The disclosure for this sale can be found here. Insiders have sold 869,968 shares of company stock worth $82,018,976 in the last three months. Insiders own 2.00% of the company’s stock.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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