Church & Dwight Co., Inc. (CHD) Stake Increased by CUE Financial Group
CUE Financial Group raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The hedge fund owned 14,383 shares of the company’s stock after buying an additional 3,095 shares during the period. Church & Dwight Co. makes up about 1.1% of CUE Financial Group’s holdings, making the stock its 27th largest position. CUE Financial Group’s holdings in Church & Dwight Co. were worth $1,221,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CHD. Eagle Asset Management boosted its position in shares of Church & Dwight Co. by 113.2% in the third quarter. Eagle Asset Management now owns 812,076 shares of the company’s stock worth $68,132,000 after buying an additional 431,223 shares during the last quarter. Natixis Asset Management boosted its position in shares of Church & Dwight Co. by 3.3% in the third quarter. Natixis Asset Management now owns 82,767 shares of the company’s stock worth $6,945,000 after buying an additional 2,652 shares during the last quarter. J. W. Burns & Company boosted its position in shares of Church & Dwight Co. by 58.3% in the fourth quarter. J. W. Burns & Company now owns 11,555 shares of the company’s stock worth $981,000 after buying an additional 4,255 shares during the last quarter. Park National boosted its position in shares of Church & Dwight Co. by 4.2% in the fourth quarter. Park National now owns 2,527 shares of the company’s stock worth $214,000 after buying an additional 101 shares during the last quarter. Finally, Watch Point Trust Company purchased a new position in shares of Church & Dwight Co. during the fourth quarter worth approximately $4,119,000.
Shares of Church & Dwight Co., Inc. (NYSE:CHD) traded up 1.11% during mid-day trading on Tuesday, hitting $80.33. The stock had a trading volume of 555,833 shares. The stock’s 50-day moving average is $83.27 and its 200 day moving average is $85.29. Church & Dwight Co., Inc. has a 1-year low of $76.85 and a 1-year high of $90.73. The firm has a market capitalization of $10.53 billion and a price-to-earnings ratio of 26.50.
Church & Dwight Co. (NYSE:CHD) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $861.80 million for the quarter, compared to the consensus estimate of $858.13 million. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. Equities research analysts predict that Church & Dwight Co., Inc. will post $3.24 EPS for the current fiscal year.
A number of research analysts have recently commented on CHD shares. Zacks Investment Research upgraded Church & Dwight Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Societe Generale initiated coverage on Church & Dwight Co. in a research note on Tuesday, October 13th. They issued a “hold” rating for the company. Jefferies Group decreased their price objective on Church & Dwight Co. from $100.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Finally, Goldman Sachs downgraded Church & Dwight Co. from a “neutral” rating to a “sell” rating in a report on Wednesday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.70.
In other news, EVP Steven P. Cugine sold 12,600 shares of Church & Dwight Co. stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $86.73, for a total transaction of $1,092,798.00. Following the completion of the sale, the executive vice president now directly owns 7,718 shares of the company’s stock, valued at approximately $669,382.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Bruce F. Fleming sold 42,790 shares of Church & Dwight Co. stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $84.70, for a total transaction of $3,624,313.00. Following the sale, the chief marketing officer now directly owns 12,602 shares of the company’s stock, valued at $1,067,389.40. The disclosure for this sale can be found here.
Church & Dwight Co., Inc. develops, manufactures and markets a range of household, personal care and specialty products. The Company operates in three segments. The Consumer Domestic segment provides the power brands (NYSE:CHD) and other household and personal care products, such as SCRUB FREE, KABOOM and ORANGE GLO cleaning products, ANSWER home pregnancy and ovulation test kits, ARRID antiperspirant and CLOSE-UP and AIM toothpastes. The Consumer International segment sells personal care products, some of which use the same brands as the Company’s domestic product lines, in International markets. The Specialty Products Division (SPD) is a producer of sodium bicarbonate, which it sells together with other specialty inorganic chemicals for industrial, institutional, medical and food applications. SPD also sells a range of animal nutrition and specialty cleaning products.
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