M&R Capital Management Inc. Sells 149,400 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

M&R Capital Management Inc. cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 59.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,533 shares of the company’s stock after selling 149,400 shares during the period. Church & Dwight makes up 2.4% of M&R Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. M&R Capital Management Inc.’s holdings in Church & Dwight were worth $9,608,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new position in shares of Church & Dwight in the 2nd quarter valued at about $551,000. Principal Financial Group Inc. grew its holdings in shares of Church & Dwight by 4.3% during the 2nd quarter. Principal Financial Group Inc. now owns 761,043 shares of the company’s stock valued at $58,829,000 after purchasing an additional 31,107 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Church & Dwight during the 2nd quarter valued at approximately $2,137,000. Handelsbanken Fonder AB grew its holdings in shares of Church & Dwight by 66.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 288,769 shares of the company’s stock valued at $22,322,000 after purchasing an additional 115,727 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Church & Dwight by 6.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,077,654 shares of the company’s stock valued at $83,303,000 after purchasing an additional 70,005 shares during the last quarter. 81.32% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Richard A. Dierker sold 78,070 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $93.85, for a total value of $7,326,869.50. Following the sale, the vice president now directly owns 85,723 shares of the company’s stock, valued at $8,045,103.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven P. Cugine sold 14,990 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $79.89, for a total transaction of $1,197,551.10. Following the completion of the sale, the executive vice president now directly owns 39,452 shares in the company, valued at $3,151,820.28. The disclosure for this sale can be found here. Insiders have sold 185,458 shares of company stock valued at $17,013,699 in the last quarter. Company insiders own 2.00% of the company’s stock.

A number of equities research analysts have weighed in on CHD shares. Oppenheimer boosted their target price on shares of Church & Dwight from $88.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Royal Bank of Canada upped their price objective on shares of Church & Dwight from $65.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. They noted that the move was a valuation call. Credit Suisse Group upped their price objective on shares of Church & Dwight from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Citigroup upped their price objective on shares of Church & Dwight from $75.00 to $102.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group upped their price objective on shares of Church & Dwight from $86.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $94.31.

NYSE:CHD traded down $0.61 on Thursday, reaching $93.10. 931,504 shares of the company’s stock were exchanged, compared to its average volume of 1,673,255. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.28 and a quick ratio of 0.82. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 3.73 and a beta of 0.39. Church & Dwight Co., Inc. has a 52 week low of $47.98 and a 52 week high of $98.96. The stock has a fifty day simple moving average of $93.84 and a 200-day simple moving average of $79.99.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, July 31st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Church & Dwight had a net margin of 15.70% and a return on equity of 25.58%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.03%. Church & Dwight’s dividend payout ratio is presently 38.87%.

Church & Dwight Profile

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

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

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