Los Angeles Capital Management LLC sells 51,778 shares of Church & Dwight Co., Inc. (NYSE:CHD)


Los Angeles Capital Management LLC reduced its stake in Church & Dwight Co., Inc. (NYSE: CHDGet a rating) by 75.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The company held 16,529 shares of the company after selling 51,778 shares during the period. Los Angeles Capital Management LLC’s holdings in Church & Dwight were worth $1,643,000 at the end of the last quarter.

A number of other institutional investors have also recently bought and sold shares of CHD. Norges Bank bought a new stake in Church & Dwight in Q4, valued at around $203,912,000. Massachusetts Financial Services Co. MA increased its position in shares of Church & Dwight by 35.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,087,707 shares of the company valued at $623,990,000 after purchasing an additional 1,596,506 shares last quarter. Fundsmith LLP increased its position in shares of Church & Dwight by 5.8% in the fourth quarter. Fundsmith LLP now owns 11,658,319 shares of the company valued at $1,194,978,000 after purchasing an additional 635,823 shares last quarter. BlackRock Inc. raised its position in Church & Dwight shares by 2.8% in the fourth quarter. BlackRock Inc. now owns 19,102,645 shares of the company valued at $1,958,022,000 after purchasing an additional 514,589 shares last quarter. Lastly, Caisse DE Dépôt ET Placement DU Québec raised its position in Church & Dwight shares by 278.3% in the 4th quarter. Caisse DE Dépôt ET Placement DU Quebec now owns 643,901 shares of the company valued at $66,000,000 after purchasing an additional 473,680 shares last quarter. Institutional investors hold 84.81% of the company’s shares.

Church & Dwight trade up 0.8%

CHD opened at $88.09 on Thursday. Church & Dwight Co., Inc. has a fifty-two week low of $80.34 and a fifty-two week high of $105.28. The company has a debt ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.63. The company has a market capitalization of $21.40 billion, a price-earnings ratio of 27.97, a PEG ratio of 3.61 and a beta of 0.34. The company’s 50-day moving average price is $90.27 and its two-hundred-day moving average price is $95.46.

Church and Dwight (NYSE: CHDGet a rating) last released its results on Friday, July 29. The company reported earnings per share of $0.76 for the quarter, beating analyst consensus estimates of $0.72 by $0.04. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The company posted revenue of $1.33 billion for the quarter, compared to analysts’ estimates of $1.34 billion. During the same period a year earlier, the company posted EPS of $0.76. The company’s revenue for the quarter increased by 4.2% compared to the same quarter last year. As a group, research analysts predict Church & Dwight Co., Inc. will post earnings per share of 3.02 for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1. Shareholders of record on Monday, August 15 will receive a dividend of $0.2625. This represents a dividend of $1.05 on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, August 12. Church & Dwight’s dividend payout ratio is currently 33.33%.

Changes to analyst ratings

Several equity analysts have recently commented on CHD stocks. Wells Fargo & Company lowered its price target on Church & Dwight shares from $100.00 to $95.00 and set an “overweight” rating for the company in a Monday, Aug. 1 research report. Goldman Sachs Group lowered its price target on Church & Dwight shares from $104.00 to $93.00 and set a “neutral” rating for the company in a Wednesday, Aug. 3 research report. Morgan Stanley lowered its price target on Church & Dwight shares from $86.00 to $82.00 and set an “underweight” rating for the company in a research report Monday, August 1. Truist Financial lowered its price target on Church & Dwight shares from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday August 1. Finally, UBS Group lowered its price target on Church & Dwight shares from $104.00 to $98.00 and set a “neutral” rating for the company in a Monday, Aug. 1 research report. Four investment analysts have assigned the stock a sell rating, eight have assigned a hold rating and four have assigned the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $94.79.

Profile of Church and Dwight

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Church & Dwight Co, Inc develops, manufactures and markets household, personal care and specialty products. It operates through three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda 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; battery-operated and manual toothbrushes under the trade mark SPINBRUSH; 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; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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Institutional ownership by quarter for Church & Dwight (NYSE:CHD)



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Jerry B. Hatch