Addenda Capital Inc. Acquires 6,389 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Addenda Capital Inc. raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 12.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,723 shares of the company’s stock after purchasing an additional 6,389 shares during the quarter. Addenda Capital Inc.’s holdings in Church & Dwight were worth $5,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CHD. Prime Capital Investment Advisors LLC bought a new position in Church & Dwight in the 4th quarter valued at $210,000. International Assets Investment Management LLC bought a new position in Church & Dwight in the 4th quarter valued at $23,250,000. Sequoia Financial Advisors LLC grew its stake in shares of Church & Dwight by 58.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 9,917 shares of the company’s stock worth $938,000 after acquiring an additional 3,662 shares during the period. Cerity Partners LLC grew its stake in shares of Church & Dwight by 164.2% during the 4th quarter. Cerity Partners LLC now owns 25,057 shares of the company’s stock worth $2,370,000 after acquiring an additional 15,573 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of Church & Dwight by 53.1% during the 4th quarter. Perigon Wealth Management LLC now owns 4,444 shares of the company’s stock worth $420,000 after acquiring an additional 1,542 shares during the period. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 0.2 %

Shares of NYSE:CHD traded up $0.25 during trading on Wednesday, reaching $100.43. 811,752 shares of the company traded hands, compared to its average volume of 1,373,276. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 3.45 and a beta of 0.52. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $110.31. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average is $104.04 and its 200-day moving average is $103.61.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.43 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHD shares. Stifel Nicolaus cut their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Evercore ISI cut their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. Morgan Stanley cut their price target on Church & Dwight from $114.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, HSBC increased their price objective on Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $106.58.

Insider Activity

In related news, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at $813,479.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $429,179.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the sale, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 220,722 shares of company stock valued at $23,139,816. 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. 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.