Gabelli Funds LLC Reduces Position in Church & Dwight Co., Inc. (CHD)

Gabelli Funds LLC reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,650 shares of the company’s stock after selling 1,750 shares during the period. Gabelli Funds LLC’s holdings in Church & Dwight were worth $15,119,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. OppenheimerFunds Inc. raised its position in shares of Church & Dwight by 80,441.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock valued at $313,926,000 after acquiring an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Church & Dwight by 45.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock valued at $182,283,000 after acquiring an additional 1,064,241 shares in the last quarter. FMR LLC raised its position in shares of Church & Dwight by 7.4% during the 2nd quarter. FMR LLC now owns 2,758,699 shares of the company’s stock valued at $146,652,000 after acquiring an additional 190,608 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Church & Dwight by 37.1% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after acquiring an additional 482,109 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Church & Dwight by 0.7% during the 2nd quarter. Swiss National Bank now owns 1,690,016 shares of the company’s stock valued at $89,841,000 after acquiring an additional 12,300 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Robert D. Leblanc sold 17,544 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $55.90, for a total value of $980,709.60. Following the completion of the transaction, the director now owns 66,903 shares of the company’s stock, valued at $3,739,877.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Craigie sold 300,000 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $66.43, for a total value of $19,929,000.00. Following the completion of the transaction, the director now directly owns 327,577 shares of the company’s stock, valued at approximately $21,760,940.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 650,082 shares of company stock valued at $39,909,666. 2.00% of the stock is owned by company insiders.

Several research firms recently issued reports on CHD. Bank of America upped their price target on Church & Dwight from $55.00 to $58.00 and gave the company an “underperform” rating in a research report on Thursday, October 4th. BMO Capital Markets upped their price target on Church & Dwight from $47.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Atlantic Securities began coverage on Church & Dwight in a research report on Thursday, September 20th. They set an “overweight” rating and a $70.00 price target on the stock. ValuEngine raised Church & Dwight from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Barclays set a $54.00 price target on Church & Dwight and gave the company a “sell” rating in a research report on Saturday, November 3rd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $58.88.

Shares of CHD opened at $65.55 on Friday. The firm has a market cap of $16.28 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.87 and a beta of 0.31. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.77. Church & Dwight Co., Inc. has a 12 month low of $43.96 and a 12 month high of $67.93.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a dividend of $0.2175 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.87 dividend on an annualized basis and a yield of 1.33%. Church & Dwight’s payout ratio is currently 44.85%.

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Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

Further Reading: What are the Different Types of Leveraged Buyouts?

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

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