Church & Dwight Co., Inc. (CHD) Position Lowered by APG Asset Management N.V.

Church & Dwight Co., Inc. (CHD) Position Lowered by APG Asset Management N.V.

APG Asset Management N.V. cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 18.9% during the first quarter, Holdings Channel reports. The firm owned 1,588,328 shares of the company’s stock after selling 370,700 shares during the period. APG Asset Management N.V. owned about 0.62% of Church & Dwight Co. worth $79,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Bank of Australia boosted its position in Church & Dwight Co. by 100.0% in the third quarter. Commonwealth Bank of Australia now owns 2,164 shares of the company’s stock valued at $104,000 after buying an additional 1,082 shares during the period. Northwest Quadrant Wealth Management LLC bought a new position in Church & Dwight Co. during the fourth quarter valued at about $115,000. Citizens Financial Group Inc RI boosted its position in Church & Dwight Co. by 100.0% in the third quarter. Citizens Financial Group Inc RI now owns 2,700 shares of the company’s stock valued at $129,000 after buying an additional 1,350 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Church & Dwight Co. by 81.7% in the third quarter. Mizuho Asset Management Co. Ltd. now owns 2,772 shares of the company’s stock valued at $133,000 after buying an additional 1,246 shares during the period. Finally, Johnson Financial Group Inc. boosted its position in Church & Dwight Co. by 10.2% in the fourth quarter. Johnson Financial Group Inc. now owns 3,228 shares of the company’s stock valued at $143,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

Church & Dwight Co., Inc. (NYSE:CHD) traded down 0.14% during trading on Friday, reaching $50.78. 1,799,683 shares of the company were exchanged. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 29.02 and a beta of 0.43. The firm has a 50-day moving average of $50.02 and a 200-day moving average of $47.20. Church & Dwight Co., Inc. has a 52-week low of $42.56 and a 52-week high of $53.68.

Church & Dwight Co. (NYSE:CHD) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.06. The firm earned $877.20 million during the quarter, compared to analysts’ expectations of $869.06 million. Church & Dwight Co. had a net margin of 13.14% and a return on equity of 23.11%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. On average, equities analysts forecast that Church & Dwight Co., Inc. will post $1.90 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Tuesday, May 16th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 12th. Church & Dwight Co.’s dividend payout ratio is currently 40.69%.

Several research firms have recently issued reports on CHD. Vetr cut shares of Church & Dwight Co. from a “buy” rating to a “hold” rating and set a $46.83 price objective for the company. in a report on Monday, January 23rd. Jefferies Group LLC restated a “buy” rating and set a $54.00 target price on shares of Church & Dwight Co. in a report on Wednesday, April 12th. JPMorgan Chase & Co. started coverage on shares of Church & Dwight Co. in a report on Tuesday, March 21st. They set a “neutral” rating and a $53.00 target price for the company. Barclays PLC restated a “sell” rating and set a $38.00 target price on shares of Church & Dwight Co. in a report on Tuesday, January 10th. Finally, Zacks Investment Research upgraded shares of Church & Dwight Co. from a “sell” rating to a “hold” rating in a report on Thursday, February 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $49.57.

In related news, VP Paul A. Siracusa sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $50.02, for a total transaction of $1,250,500.00. Following the completion of the transaction, the vice president now owns 26,279 shares in the company, valued at $1,314,475.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bradley C. Irwin sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $49.65, for a total transaction of $993,000.00. Following the transaction, the director now owns 61,570 shares of the company’s stock, valued at approximately $3,056,950.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,400 shares of company stock valued at $3,110,542. Corporate insiders own 2.17% of the company’s stock.

Church & Dwight Co. Company Profile

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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