Church & Dwight Company, Inc. (CHD) Shares Bought by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC raised its stake in Church & Dwight Company, Inc. (NYSE:CHD) by 401.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,049 shares of the company’s stock after purchasing an additional 81,694 shares during the period. Cubist Systematic Strategies LLC’s holdings in Church & Dwight were worth $4,944,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. YorkBridge Wealth Partners LLC boosted its stake in Church & Dwight by 5.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after acquiring an additional 108 shares during the last quarter. Sandy Spring Bank raised its position in shares of Church & Dwight by 138.4% in the third quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares during the period. Tredje AP fonden bought a new stake in shares of Church & Dwight in the second quarter valued at approximately $140,000. Acrospire Investment Management LLC raised its position in shares of Church & Dwight by 274.8% in the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock valued at $163,000 after purchasing an additional 2,300 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Church & Dwight by 9.6% in the second quarter. Parallel Advisors LLC now owns 3,616 shares of the company’s stock valued at $193,000 after purchasing an additional 317 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Church & Dwight Company, Inc. (CHD) opened at $48.40 on Monday. The firm has a market cap of $12,096.38, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.83 and a beta of 0.56. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. Church & Dwight Company, Inc. has a 12-month low of $43.21 and a 12-month high of $54.18.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $967.90 million during the quarter, compared to analysts’ expectations of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. equities research analysts expect that Church & Dwight Company, Inc. will post 1.92 earnings per share for the current fiscal year.
Church & Dwight declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.76 annualized dividend and a yield of 1.57%. Church & Dwight’s dividend payout ratio (DPR) is presently 43.68%.
In other Church & Dwight news, CFO Richard A. Dierker purchased 1,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average cost of $43.66 per share, for a total transaction of $50,034.36. Following the purchase, the chief financial officer now directly owns 6,411 shares in the company, valued at $279,904.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Farrell acquired 5,000 shares of Church & Dwight stock in a transaction on Monday, November 6th. The shares were purchased at an average price of $43.83 per share, with a total value of $219,150.00. Following the completion of the purchase, the chief executive officer now owns 103,685 shares in the company, valued at approximately $4,544,513.55. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by corporate insiders.
CHD has been the topic of a number of analyst reports. BidaskClub raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Societe Generale raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, November 29th. They noted that the move was a valuation call. Jefferies Group decreased their target price on shares of Church & Dwight from $63.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Oppenheimer reaffirmed a “hold” rating on shares of Church & Dwight in a report on Wednesday, November 8th. Finally, Goldman Sachs Group reissued a “sell” rating on shares of Church & Dwight in a report on Wednesday, October 4th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.83.
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About Church & Dwight
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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