Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Reik & CO. LLC

Reik & CO. LLC reduced its position in Church & Dwight Co., Inc. (NYSE:CHD) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,292,710 shares of the company’s stock after selling 5,672 shares during the period. Church & Dwight accounts for approximately 32.2% of Reik & CO. LLC’s investment portfolio, making the stock its largest holding. Reik & CO. LLC owned approximately 0.53% of Church & Dwight worth $135,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHD. Crewe Advisors LLC acquired a new stake in shares of Church & Dwight during the first quarter worth $28,000. Rothschild Investment LLC acquired a new stake in shares of Church & Dwight during the second quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight during the second quarter worth $33,000. Strategic Financial Concepts LLC bought a new position in Church & Dwight during the second quarter worth about $38,000. Finally, Kimelman & Baird LLC bought a new position in Church & Dwight during the second quarter worth about $46,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CHD. Evercore ISI reduced their target price on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a report on Monday, September 9th. Wells Fargo & Company lifted their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen lifted their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays reduced their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.05.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $103.91 on Friday. The stock has a 50 day moving average price of $103.01 and a 200 day moving average price of $104.02. Church & Dwight Co., Inc. has a 52 week low of $88.37 and a 52 week high of $110.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The stock has a market capitalization of $25.46 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 3.78 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.2838 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.09%. Church & Dwight’s dividend payout ratio is 50.67%.

Insider Buying and Selling at Church & Dwight

In other news, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,704,740.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,704,740.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the transaction, the director now owns 7,129 shares in the company, valued at approximately $740,275.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 477,413 shares of company stock worth $49,440,249 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Church & Dwight Company 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 cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.