ARP Americas LP Acquires New Stake in Church & Dwight Co., Inc. (CHD)

ARP Americas LP acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,200 shares of the company’s stock, valued at approximately $342,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc lifted its position in shares of Church & Dwight by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 27,786,142 shares of the company’s stock valued at $1,649,662,000 after buying an additional 185,775 shares in the last quarter. BlackRock Inc. lifted its position in shares of Church & Dwight by 5.6% during the 4th quarter. BlackRock Inc. now owns 20,229,813 shares of the company’s stock valued at $1,330,311,000 after buying an additional 1,071,381 shares in the last quarter. Capital International Investors lifted its position in shares of Church & Dwight by 15.5% during the 3rd quarter. Capital International Investors now owns 8,152,500 shares of the company’s stock valued at $484,014,000 after buying an additional 1,094,100 shares in the last quarter. Morgan Stanley lifted its position in shares of Church & Dwight by 425.0% during the 3rd quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock valued at $284,736,000 after buying an additional 3,882,426 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Church & Dwight by 15,536.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,184,243 shares of the company’s stock valued at $64,000 after buying an additional 4,157,484 shares in the last quarter. Institutional investors and hedge funds own 81.78% of the company’s stock.

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 139,320 shares of the firm’s stock in a transaction on Monday, January 14th. The stock was sold at an average price of $66.72, for a total value of $9,295,430.40. Following the completion of the sale, the executive vice president now directly owns 40,650 shares of the company’s stock, valued at approximately $2,712,168. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard A. Dierker sold 16,880 shares of the firm’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $66.25, for a total value of $1,118,300.00. Following the completion of the sale, the vice president now directly owns 18,776 shares of the company’s stock, valued at $1,243,910. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on CHD shares. Morgan Stanley set a $58.00 target price on Church & Dwight and gave the company a “sell” rating in a research report on Thursday, December 20th. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a research report on Monday, November 19th. Credit Suisse Group started coverage on Church & Dwight in a research report on Wednesday, March 6th. They set a “neutral” rating and a $65.00 target price on the stock. Deutsche Bank upgraded Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 target price on the stock in a research report on Wednesday, February 6th. Finally, Bank of America reiterated an “underperform” rating and set a $66.00 target price (up previously from $58.00) on shares of Church & Dwight in a research report on Thursday, December 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $62.23.

NYSE CHD opened at $66.93 on Friday. Church & Dwight Co., Inc. has a one year low of $44.87 and a one year high of $69.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.81 and a quick ratio of 0.52. The firm has a market capitalization of $16.42 billion, a P/E ratio of 29.48, a PEG ratio of 3.24 and a beta of 0.22.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 2.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were paid a $0.2275 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.22. This represents a $0.91 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, February 14th. Church & Dwight’s dividend payout ratio is currently 40.09%.

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About Church & Dwight

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: How to calculate the intrinsic value of a stock

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

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