Cordasco Financial Network Takes Position in Church & Dwight Co., Inc. (CHD)
Cordasco Financial Network purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD) in the 1st quarter, HoldingsChannel reports. The firm purchased 400 shares of the company’s stock, valued at approximately $28,000.
Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Church & Dwight by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 2,346,138 shares of the company’s stock worth $139,290,000 after buying an additional 13,313 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Church & Dwight by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,115,928 shares of the company’s stock worth $66,248,000 after buying an additional 8,740 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Church & Dwight during the third quarter worth $235,000. JPMorgan Chase & Co. increased its position in Church & Dwight by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 617,252 shares of the company’s stock worth $36,647,000 after buying an additional 64,158 shares in the last quarter. Finally, People s United Financial Inc. purchased a new position in Church & Dwight during the third quarter worth $300,000. 82.50% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Maynadier Patrick D. De sold 139,320 shares of Church & Dwight stock in a transaction on Monday, January 14th. The stock was sold at an average price of $66.72, for a total value of $9,295,430.40. Following the transaction, the executive vice president now owns 40,650 shares in the company, valued at $2,712,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.
Shares of NYSE:CHD traded down $0.07 during midday trading on Wednesday, reaching $72.94. The company’s stock had a trading volume of 34,660 shares, compared to its average volume of 1,876,726. The company has a market cap of $17.78 billion, a P/E ratio of 32.12, a P/E/G ratio of 3.52 and a beta of 0.23. The company has a quick ratio of 0.52, a current ratio of 0.81 and a debt-to-equity ratio of 0.61. Church & Dwight Co., Inc. has a 1 year low of $44.87 and a 1 year high of $73.10.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm earned $0.52 EPS. Church & Dwight’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts expect that Church & Dwight Co., Inc. will post 2.46 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This piece was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/cordasco-financial-network-takes-position-in-church-dwight-co-inc-chd/2953345.html.
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 baking soda, cat litter, carpet deodorization, and laundry detergent under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergent, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH; and home pregnancy and ovulation test kits under the FIRST RESPONSE brand.
Recommended Story: How are the companies in the S&P 500 selected?
Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD).
Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.