MainStreet Investment Advisors LLC Has $859,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

by · The Markets Daily

MainStreet Investment Advisors LLC reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,372 shares of the company’s stock after selling 528 shares during the period. MainStreet Investment Advisors LLC’s holdings in Church & Dwight were worth $859,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new stake in shares of Church & Dwight during the second quarter worth $27,000. Covestor Ltd raised its holdings in shares of Church & Dwight by 82.2% during the second quarter. Covestor Ltd now owns 359 shares of the company’s stock worth $36,000 after acquiring an additional 162 shares during the period. PSI Advisors LLC acquired a new stake in shares of Church & Dwight during the third quarter worth $39,000. Money Concepts Capital Corp raised its holdings in shares of Church & Dwight by 468.2% during the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock worth $50,000 after acquiring an additional 515 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Church & Dwight during the second quarter worth $59,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHD has been the subject of a number of analyst reports. Citigroup downgraded shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $90.00 target price for the company. in a research report on Wednesday, December 13th. The Goldman Sachs Group decreased their target price on shares of Church & Dwight from $100.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, November 6th. Bank of America raised shares of Church & Dwight from an “underperform” rating to a “neutral” rating and raised their target price for the company from $85.00 to $100.00 in a research report on Friday, December 15th. Raymond James raised shares of Church & Dwight from an “underperform” rating to a “market perform” rating in a research report on Monday, October 23rd. Finally, Barclays decreased their price objective on shares of Church & Dwight from $82.00 to $76.00 and set an “underweight” rating for the company in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus target price of $95.63.

Check Out Our Latest Report on Church & Dwight

Church & Dwight Trading Up 0.0 %

Shares of NYSE CHD opened at $97.69 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.47. Church & Dwight Co., Inc. has a 52-week low of $78.63 and a 52-week high of $100.52. The firm has a 50 day moving average price of $93.46 and a two-hundred day moving average price of $93.89. The stock has a market cap of $24.07 billion, a P/E ratio of 55.80, a price-to-earnings-growth ratio of 3.60 and a beta of 0.51.

Church & Dwight (NYSE:CHD – Get Free Report) last announced its quarterly earnings results on Friday, November 3rd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. Church & Dwight had a net margin of 7.57% and a return on equity of 20.55%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was up 10.5% on a year-over-year basis. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 3.16 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, November 14th. Church & Dwight’s payout ratio is currently 62.29%.

Insider Transactions at Church & Dwight

In other news, EVP Michael Read sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $96.00, for a total value of $432,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

About Church & Dwight

(Free Report)

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.

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