Savoir Faire Capital Management L.P. Buys New Stake in Church & Dwight Co., Inc. $CHD

Savoir Faire Capital Management L.P. bought a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 67,052 shares of the company’s stock, valued at approximately $6,444,000. Church & Dwight accounts for about 3.1% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 11th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Creekmur Asset Management LLC increased its position in Church & Dwight by 29.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 2,628 shares of the company’s stock valued at $253,000 after acquiring an additional 591 shares during the period. Atria Investments Inc increased its position in Church & Dwight by 0.4% in the 2nd quarter. Atria Investments Inc now owns 33,030 shares of the company’s stock valued at $3,175,000 after acquiring an additional 133 shares during the period. Savvy Advisors Inc. increased its position in Church & Dwight by 22.6% in the 2nd quarter. Savvy Advisors Inc. now owns 2,399 shares of the company’s stock valued at $231,000 after acquiring an additional 443 shares during the period. New York Life Investment Management LLC increased its position in Church & Dwight by 1.4% in the 2nd quarter. New York Life Investment Management LLC now owns 36,899 shares of the company’s stock valued at $3,546,000 after acquiring an additional 516 shares during the period. Finally, Purkiss Capital Advisors LLC increased its position in Church & Dwight by 25.4% in the 2nd quarter. Purkiss Capital Advisors LLC now owns 2,365 shares of the company’s stock valued at $227,000 after acquiring an additional 479 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $81.67 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 3.52 and a beta of 0.43. The stock’s fifty day simple moving average is $89.53 and its 200 day simple moving average is $94.22. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $116.46.

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

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 14th. Church & Dwight’s payout ratio is presently 55.66%.

Insider Buying and Selling

In related news, EVP Lee B. Mcchesney bought 5,409 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $91.38 per share, for a total transaction of $494,274.42. Following the acquisition, the executive vice president directly owned 5,409 shares of the company’s stock, valued at $494,274.42. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael Read bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the acquisition, the executive vice president directly owned 7,505 shares in the company, valued at approximately $684,981.35. The trade was a 36.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 12,879 shares of company stock worth $1,177,702 in the last three months. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CHD has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Church & Dwight from $108.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Evercore ISI lowered their price target on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 4th. UBS Group lowered their price target on Church & Dwight from $103.00 to $98.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Oppenheimer set a $100.00 price target on Church & Dwight and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Finally, Redburn Partners set a $83.00 price target on Church & Dwight in a research report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $100.00.

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.