Beacon Pointe Advisors LLC Reduces Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Beacon Pointe Advisors LLC trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 27.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,242 shares of the company’s stock after selling 4,247 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Church & Dwight were worth $1,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CHD. JPMorgan Chase & Co. lifted its stake in shares of Church & Dwight by 89.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after purchasing an additional 2,839,783 shares during the last quarter. HighTower Advisors LLC increased its position in Church & Dwight by 99.6% during the third quarter. HighTower Advisors LLC now owns 526,591 shares of the company’s stock valued at $48,224,000 after acquiring an additional 262,801 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Church & Dwight by 1,474.7% in the third quarter. Schroder Investment Management Group now owns 233,318 shares of the company’s stock valued at $21,379,000 after acquiring an additional 218,501 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Church & Dwight by 2.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company’s stock worth $751,405,000 after acquiring an additional 217,047 shares during the last quarter. Finally, Liontrust Investment Partners LLP boosted its stake in shares of Church & Dwight by 108.1% during the 3rd quarter. Liontrust Investment Partners LLP now owns 306,170 shares of the company’s stock worth $28,056,000 after purchasing an additional 159,046 shares during the period. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Up 0.5 %

Shares of CHD stock opened at $107.06 on Wednesday. The stock’s fifty day moving average price is $104.85 and its 200 day moving average price is $99.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $108.68. The company has a market cap of $26.18 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 3.47 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.86 by $0.10. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. Church & Dwight’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.2838 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHD. Royal Bank of Canada raised their price objective on shares of Church & Dwight from $94.00 to $103.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Bank of America boosted their price objective on Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Barclays reduced their target price on Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, May 6th. Oppenheimer boosted their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Finally, UBS Group raised their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $105.56.

Insider Buying and Selling

In other news, EVP Michael Read sold 9,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $100.95, for a total value of $908,550.00. Following the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at $1,042,308.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert K. Shearer sold 13,200 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the completion of the transaction, the director now directly owns 29,108 shares in the company, valued at $3,095,926.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read sold 9,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $100.95, for a total value of $908,550.00. Following the sale, the executive vice president now directly owns 10,325 shares in the company, valued at $1,042,308.75. The disclosure for this sale can be found here. Insiders sold 376,972 shares of company stock worth $39,133,366 in the last 90 days. Insiders own 1.40% of the company’s stock.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.