Jane Street Group LLC Sells 4,790 Shares of Church & Dwight Co., Inc. (CHD)
Jane Street Group LLC trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 48.3% during the 2nd quarter, Holdings Channel reports. The fund owned 5,131 shares of the company’s stock after selling 4,790 shares during the quarter. Jane Street Group LLC’s holdings in Church & Dwight were worth $273,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. OppenheimerFunds Inc. lifted its holdings in Church & Dwight by 80,441.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after buying an additional 5,897,971 shares during the period. Wells Fargo & Company MN lifted its holdings in Church & Dwight by 45.0% in the 2nd quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock worth $182,283,000 after buying an additional 1,064,241 shares during the period. FMR LLC lifted its holdings in Church & Dwight by 7.4% in the 2nd quarter. FMR LLC now owns 2,758,699 shares of the company’s stock worth $146,652,000 after buying an additional 190,608 shares during the period. Glenmede Trust Co. NA lifted its holdings in Church & Dwight by 37.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after buying an additional 482,109 shares during the period. Finally, Swiss National Bank lifted its holdings in Church & Dwight by 0.7% in the 2nd quarter. Swiss National Bank now owns 1,690,016 shares of the company’s stock worth $89,841,000 after buying an additional 12,300 shares during the period. Institutional investors and hedge funds own 85.09% of the company’s stock.
Several equities research analysts have weighed in on the company. ValuEngine upgraded Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research cut Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Deutsche Bank cut Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 price objective for the company. in a report on Wednesday, October 10th. Oppenheimer increased their price objective on Church & Dwight from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, September 27th. Finally, Atlantic Securities assumed coverage on Church & Dwight in a report on Thursday, September 20th. They issued an “overweight” rating and a $70.00 price objective for the company. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $55.47.
Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, August 2nd. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. As a group, research analysts expect that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current fiscal year.
In other news, Director Robert K. Shearer sold 16,718 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the transaction, the director now owns 45,826 shares in the company, valued at approximately $2,649,659.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Louis Tursi sold 315,820 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $57.10, for a total value of $18,033,322.00. Following the completion of the transaction, the vice president now owns 155,434 shares of the company’s stock, valued at approximately $8,875,281.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 473,800 shares of company stock valued at $27,051,358. 2.00% of the stock is currently owned by company insiders.
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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