Church & Dwight Co., Inc. $CHD Stock Holdings Trimmed by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,607 shares of the company’s stock after selling 1,074 shares during the period. Cresset Asset Management LLC’s holdings in Church & Dwight were worth $7,993,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Church & Dwight by 89.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company’s stock valued at $5,567,000 after acquiring an additional 25,080 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Church & Dwight by 451.2% during the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company’s stock valued at $8,924,000 after acquiring an additional 66,357 shares in the last quarter. Penserra Capital Management LLC raised its stake in Church & Dwight by 1,201.4% during the 1st quarter. Penserra Capital Management LLC now owns 8,342 shares of the company’s stock valued at $918,000 after acquiring an additional 7,701 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Church & Dwight by 9.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company’s stock valued at $4,137,000 after acquiring an additional 3,254 shares in the last quarter. Finally, GAM Holding AG bought a new stake in Church & Dwight during the 1st quarter valued at $1,249,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 0.2%

NYSE:CHD opened at $92.46 on Monday. The firm has a market capitalization of $22.52 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 3.82 and a beta of 0.43. Church & Dwight Co., Inc. has a 1-year low of $90.50 and a 1-year high of $116.46. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average price is $96.00 and its 200 day moving average price is $100.67.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%. Church & Dwight’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight’s payout ratio is presently 55.66%.

Insider Activity

In other Church & Dwight news, EVP Lee B. Mcchesney purchased 5,409 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $91.38 per share, with a total value of $494,274.42. Following the completion of the transaction, the executive vice president owned 5,409 shares of the company’s stock, valued at approximately $494,274.42. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the transaction, the director owned 13,747 shares in the company, valued at $1,360,953. This trade represents a 51.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 12,879 shares of company stock valued at $1,177,702 and sold 35,915 shares valued at $3,545,300. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

CHD has been the topic of a number of research reports. Rothschild & Co Redburn downgraded Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research note on Monday, July 14th. Morgan Stanley dropped their price objective on Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating on the stock in a research note on Monday, August 4th. Barclays dropped their price objective on Church & Dwight from $84.00 to $83.00 and set an “underweight” rating on the stock in a research note on Monday, August 4th. Finally, Redburn Partners set a $83.00 price objective on Church & Dwight in a research note on Monday, July 14th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.94.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.