Quantitative Systematic Strategies LLC Acquires New Position in Church & Dwight Company, Inc. (CHD)

Quantitative Systematic Strategies LLC acquired a new position in shares of Church & Dwight Company, Inc. (NYSE:CHD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,920 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors also recently added to or reduced their stakes in CHD. Westside Investment Management Inc. bought a new position in Church & Dwight during the first quarter worth $149,000. Parallel Advisors LLC raised its position in shares of Church & Dwight by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after buying an additional 1,150 shares in the last quarter. Clean Yield Group acquired a new position in shares of Church & Dwight during the first quarter valued at $178,000. Van ECK Associates Corp raised its stake in Church & Dwight by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after buying an additional 288 shares during the period. Finally, FTB Advisors Inc. raised its stake in Church & Dwight by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock valued at $195,000 after buying an additional 3,725 shares during the period. Institutional investors and hedge funds own 82.05% of the company’s stock.

Church & Dwight Company, Inc. (NYSE:CHD) traded up 0.47% during trading on Friday, reaching $49.62. 1,276,440 shares of the company’s stock traded hands. The stock has a market capitalization of $12.38 billion, a P/E ratio of 29.34 and a beta of 0.57. Church & Dwight Company, Inc. has a 1-year low of $42.56 and a 1-year high of $54.18. The stock has a 50-day moving average price of $52.30 and a 200 day moving average price of $50.49.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The firm had revenue of $898 million during the quarter, compared to the consensus estimate of $903.87 million. During the same period in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.

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Several equities research analysts have commented on CHD shares. Jefferies Group LLC reiterated a “buy” rating and set a $58.00 price objective (up from $54.00) on shares of Church & Dwight in a research note on Tuesday, April 18th. Royal Bank Of Canada restated a “sector perform” rating and set a $45.00 target price on shares of Church & Dwight in a report on Friday, May 5th. UBS AG reiterated a “sell” rating and issued a $46.00 price objective (up from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, May 10th. Finally, Morgan Stanley lowered Church & Dwight from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 16th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $51.07.

In other news, Director Robert D. Leblanc sold 9,718 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the transaction, the director now owns 56,497 shares in the company, valued at approximately $2,815,810.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

About Church & Dwight

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.

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

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