Flossbach Von Storch AG Has $4.26 Million Position in Church & Dwight Co., Inc. (CHD)

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Flossbach Von Storch AG raised its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 58.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,800 shares of the company’s stock after purchasing an additional 26,500 shares during the quarter. Flossbach Von Storch AG’s holdings in Church & Dwight were worth $4,263,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. OppenheimerFunds Inc. increased its stake in Church & Dwight by 80,441.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock valued at $313,926,000 after purchasing an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN increased its stake in Church & Dwight by 45.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock valued at $182,283,000 after purchasing an additional 1,064,241 shares in the last quarter. FMR LLC increased its stake in Church & Dwight by 7.4% during the 2nd quarter. FMR LLC now owns 2,758,699 shares of the company’s stock valued at $146,652,000 after purchasing an additional 190,608 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Church & Dwight by 37.1% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after purchasing an additional 482,109 shares in the last quarter. Finally, Swiss National Bank increased its stake in Church & Dwight by 0.7% during the 2nd quarter. Swiss National Bank now owns 1,690,016 shares of the company’s stock valued at $89,841,000 after purchasing an additional 12,300 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

In related news, Director James Craigie sold 300,000 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $66.43, for a total transaction of $19,929,000.00. Following the sale, the director now directly owns 327,577 shares of the company’s stock, valued at $21,760,940.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur B. Winkleblack sold 8,058 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $55.94, for a total transaction of $450,764.52. Following the sale, the director now directly owns 75,187 shares in the company, valued at $4,205,960.78. The disclosure for this sale can be found here. Insiders have sold 658,140 shares of company stock worth $40,360,431 over the last three months. 2.00% of the stock is currently owned by insiders.

A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Church & Dwight from $50.00 to $55.00 and gave the company a “sell” rating in a research note on Monday. Barclays set a $54.00 price target on shares of Church & Dwight and gave the company a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. upped their price target on shares of Church & Dwight from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Citigroup upped their price target on shares of Church & Dwight from $60.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Finally, BMO Capital Markets increased their price objective on shares of Church & Dwight from $55.00 to $62.00 and gave the stock a “hold” rating in a research note on Friday, November 2nd. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $58.47.

NYSE:CHD opened at $67.88 on Wednesday. The firm has a market capitalization of $16.21 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.87 and a beta of 0.31. Church & Dwight Co., Inc. has a 1-year low of $43.42 and a 1-year high of $67.91. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. Research analysts predict that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.2175 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.28%. Church & Dwight’s payout ratio is currently 44.85%.

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Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

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

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