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

Quantitative Systematic Strategies LLC bought a new position in Church & Dwight Company, Inc. (NYSE:CHD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,920 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Conning Inc. increased its stake in Church & Dwight by 0.7% in the first quarter. Conning Inc. now owns 6,190 shares of the company’s stock worth $309,000 after buying an additional 40 shares in the last quarter. Somerset Trust Co increased its stake in Church & Dwight by 0.4% in the second quarter. Somerset Trust Co now owns 10,661 shares of the company’s stock worth $553,000 after buying an additional 44 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Church & Dwight by 0.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 18,180 shares of the company’s stock worth $907,000 after buying an additional 50 shares in the last quarter. Boston Financial Mangement LLC increased its stake in Church & Dwight by 1.4% in the first quarter. Boston Financial Mangement LLC now owns 4,970 shares of the company’s stock worth $248,000 after buying an additional 70 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in Church & Dwight by 1.0% in the first quarter. Flagship Harbor Advisors LLC now owns 8,812 shares of the company’s stock worth $440,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 80.62% of the company’s stock.

Church & Dwight Company, Inc. (CHD) traded up 0.40% on Friday, reaching $50.05. The company’s stock had a trading volume of 1,130,327 shares. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 29.60 and a beta of 0.57. The firm’s 50-day moving average price is $51.83 and its 200-day moving average price is $50.67. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $898 million during the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities 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 paid a dividend of $0.19 per share. The ex-dividend date is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.52%. Church & Dwight’s dividend payout ratio (DPR) is currently 44.97%.

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A number of research firms recently commented on CHD. UBS AG reiterated a “sell” rating and issued a $46.00 price objective (up previously from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $59.00 price objective on shares of Church & Dwight in a report on Tuesday, June 13th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BMO Capital Markets set a $50.00 price objective on Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Finally, Morgan Stanley downgraded Church & Dwight from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 16th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.07.

In other news, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the transaction, the executive vice president now owns 46,348 shares in the company, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by 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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