Church & Dwight Co., Inc. (CHD) Shares Sold by Sterneck Capital Management LLC

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Sterneck Capital Management LLC lowered its position in Church & Dwight Co., Inc. (NYSE:CHD) by 15.6% during the first quarter, Holdings Channel reports. The institutional investor owned 9,900 shares of the company’s stock after selling 1,830 shares during the period. Sterneck Capital Management LLC’s holdings in Church & Dwight were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Financial Services Inc lifted its holdings in Church & Dwight by 0.4% in the first quarter. Strategic Financial Services Inc now owns 35,536 shares of the company’s stock valued at $2,531,000 after acquiring an additional 145 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Church & Dwight by 27.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock valued at $48,000 after acquiring an additional 157 shares during the period. Tompkins Financial Corp lifted its holdings in Church & Dwight by 3.5% in the first quarter. Tompkins Financial Corp now owns 4,937 shares of the company’s stock valued at $293,000 after acquiring an additional 169 shares during the period. HCR Wealth Advisors lifted its holdings in Church & Dwight by 1.4% in the fourth quarter. HCR Wealth Advisors now owns 12,385 shares of the company’s stock valued at $814,000 after acquiring an additional 170 shares during the period. Finally, Old North State Trust LLC lifted its holdings in Church & Dwight by 1.2% in the first quarter. Old North State Trust LLC now owns 15,224 shares of the company’s stock valued at $1,084,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 82.54% of the company’s stock.

NYSE CHD traded down $0.57 during mid-day trading on Friday, hitting $74.09. The stock had a trading volume of 255,626 shares, compared to its average volume of 1,739,819. Church & Dwight Co., Inc. has a twelve month low of $45.55 and a twelve month high of $74.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.52 and a current ratio of 0.81. The company has a market cap of $18.12 billion, a P/E ratio of 32.64, a P/E/G ratio of 3.62 and a beta of 0.24.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. Church & Dwight had a return on equity of 24.80% and a net margin of 13.72%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.2275 dividend. This represents a $0.91 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is currently 40.09%.

Several research analysts have recently weighed in on CHD shares. Zacks Investment Research raised Church & Dwight from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. Credit Suisse Group started coverage on Church & Dwight in a research note on Wednesday, March 6th. They set a “neutral” rating and a $65.00 target price for the company. Barclays reaffirmed a “sell” rating and set a $56.00 target price on shares of Church & Dwight in a research note on Thursday, February 7th. Wells Fargo & Co reaffirmed a “hold” rating and set a $70.00 target price on shares of Church & Dwight in a research note on Thursday. Finally, Deutsche Bank raised Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 target price for the company in a research note on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. Church & Dwight has an average rating of “Hold” and a consensus target price of $67.89.

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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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