Flossbach Von Storch AG Buys 78,900 Shares of Church & Dwight Co., Inc. (CHD)
Flossbach Von Storch AG raised its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 95.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,400 shares of the company’s stock after purchasing an additional 78,900 shares during the period. Flossbach Von Storch AG’s holdings in Church & Dwight were worth $8,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Church & Dwight by 0.8% in the third quarter. Bessemer Group Inc. now owns 4,852,760 shares of the company’s stock worth $235,117,000 after buying an additional 38,507 shares during the period. American Century Companies Inc. raised its holdings in shares of Church & Dwight by 28.2% in the third quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock worth $93,169,000 after buying an additional 423,267 shares during the period. APG Asset Management N.V. raised its holdings in shares of Church & Dwight by 13.1% in the third quarter. APG Asset Management N.V. now owns 1,795,728 shares of the company’s stock worth $87,003,000 after buying an additional 207,400 shares during the period. Congress Asset Management Co. MA raised its holdings in shares of Church & Dwight by 3.7% in the fourth quarter. Congress Asset Management Co. MA now owns 1,639,482 shares of the company’s stock worth $82,253,000 after buying an additional 58,663 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Church & Dwight by 7.2% in the third quarter. Jennison Associates LLC now owns 1,586,446 shares of the company’s stock worth $76,863,000 after buying an additional 107,054 shares during the period. Institutional investors and hedge funds own 79.37% of the company’s stock.
Several equities research analysts have recently weighed in on the company. KeyCorp reiterated a “hold” rating on shares of Church & Dwight in a report on Monday, October 16th. Stifel Nicolaus increased their price target on Church & Dwight from $46.00 to $48.00 and gave the stock a “hold” rating in a report on Tuesday, February 6th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Wells Fargo & Co reduced their price target on Church & Dwight from $52.00 to $50.00 and set a “market perform” rating on the stock in a report on Tuesday, February 6th. Finally, Royal Bank of Canada increased their price target on Church & Dwight to $51.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.40.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Church & Dwight’s revenue was up 15.3% compared to the same quarter last year. analysts expect that Church & Dwight Co., Inc. will post 2.27 EPS for the current year.
Church & Dwight declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a $0.2175 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.87 annualized dividend and a yield of 1.79%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.19. Church & Dwight’s dividend payout ratio is 26.03%.
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Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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