Atlantic Trust Group LLC Reduces Holdings in Church & Dwight Co., Inc. (CHD)

Atlantic Trust Group LLC decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 273,301 shares of the company’s stock after selling 4,500 shares during the quarter. Atlantic Trust Group LLC owned approximately 0.11% of Church & Dwight worth $13,242,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Westpac Banking Corp grew its holdings in shares of Church & Dwight by 636.4% during the third quarter. Westpac Banking Corp now owns 115,863 shares of the company’s stock worth $5,614,000 after buying an additional 100,129 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Church & Dwight by 4.0% during the second quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock worth $367,000 after buying an additional 270 shares during the last quarter. Huntington National Bank grew its holdings in shares of Church & Dwight by 3.1% during the third quarter. Huntington National Bank now owns 726,553 shares of the company’s stock worth $35,202,000 after buying an additional 21,739 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Church & Dwight by 2.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock worth $43,177,000 after buying an additional 21,399 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Church & Dwight during the second quarter worth about $271,000. 79.87% of the stock is currently owned by institutional investors.

In other news, CFO Richard A. Dierker bought 1,146 shares of the stock in a transaction on Tuesday, November 7th. The stock was purchased at an average cost of $43.66 per share, with a total value of $50,034.36. Following the purchase, the chief financial officer now owns 6,411 shares of the company’s stock, valued at $279,904.26. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Farrell bought 5,000 shares of the stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $43.83 per share, with a total value of $219,150.00. Following the completion of the purchase, the chief executive officer now directly owns 103,685 shares in the company, valued at approximately $4,544,513.55. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.

CHD has been the topic of a number of research reports. Jefferies Group lowered their price target on Church & Dwight from $63.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Deutsche Bank assumed coverage on Church & Dwight in a report on Wednesday, December 13th. They issued a “buy” rating and a $54.00 price objective on the stock. Societe Generale raised Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Wednesday, November 29th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “hold” rating on shares of Church & Dwight in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $50.45.

Shares of Church & Dwight Co., Inc. (NYSE CHD) opened at $50.05 on Monday. Church & Dwight Co., Inc. has a 12-month low of $43.21 and a 12-month high of $54.18. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.05. The stock has a market cap of $12,650.00, a P/E ratio of 28.76, a PEG ratio of 2.89 and a beta of 0.56.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The firm had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. During the same period in the previous year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. sell-side analysts anticipate that Church & Dwight Co., Inc. will post 1.92 earnings per share for the current year.

Church & Dwight announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.52%. Church & Dwight’s dividend payout ratio is currently 43.68%.

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

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