Church & Dwight Co., Inc. (CHD) Stake Decreased by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 26.8% during the first quarter, HoldingsChannel.com reports. The firm owned 260,024 shares of the company’s stock after selling 95,235 shares during the period. Bank of Montreal Can’s holdings in Church & Dwight were worth $18,523,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Church & Dwight by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 617,252 shares of the company’s stock valued at $36,647,000 after acquiring an additional 64,158 shares in the last quarter. Man Group plc grew its holdings in shares of Church & Dwight by 169.4% in the third quarter. Man Group plc now owns 39,070 shares of the company’s stock valued at $2,320,000 after acquiring an additional 24,566 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Church & Dwight by 113.1% in the third quarter. Macquarie Group Ltd. now owns 21,100 shares of the company’s stock valued at $1,252,000 after acquiring an additional 11,200 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Church & Dwight by 3.5% in the third quarter. Legal & General Group Plc now owns 1,421,945 shares of the company’s stock valued at $84,410,000 after acquiring an additional 48,145 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Church & Dwight by 425.0% in the third quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock valued at $284,736,000 after acquiring an additional 3,882,426 shares in the last quarter. 82.54% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight stock opened at $74.34 on Friday. Church & Dwight Co., Inc. has a 12 month low of $45.55 and a 12 month high of $74.99. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $18.28 billion, a P/E ratio of 32.75, a PEG ratio of 3.62 and a beta of 0.24.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Church & Dwight had a return on equity of 24.80% and a net margin of 13.72%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. Church & Dwight’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Church & Dwight Co., Inc. will post 2.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.2275 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.91 annualized dividend and a yield of 1.22%. Church & Dwight’s payout ratio is 40.09%.

CHD has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on Church & Dwight from $74.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Barclays reaffirmed a “sell” rating and issued a $56.00 target price on shares of Church & Dwight in a report on Thursday, February 7th. Deutsche Bank upped their target price on Church & Dwight from $64.00 to $67.00 and gave the company a “hold” rating in a report on Friday, March 29th. Morgan Stanley raised Church & Dwight from an “underweight” rating to an “equal weight” rating in a report on Wednesday, February 6th. Finally, Macquarie upped their target price on Church & Dwight from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Church & Dwight presently has a consensus rating of “Hold” and an average target price of $67.89.

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Church & Dwight Company 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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