Nomura Asset Management Co. Ltd. lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,807 shares of the company’s stock after selling 5,813 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Church & Dwight worth $9,665,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. OppenheimerFunds Inc. raised its stake in shares of Church & Dwight by 80,441.5% in the second quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after purchasing an additional 5,897,971 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Church & Dwight by 0.6% in the third quarter. Bessemer Group Inc. now owns 4,921,098 shares of the company’s stock valued at $292,167,000 after acquiring an additional 28,930 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Church & Dwight by 45.0% in the second quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock valued at $182,283,000 after acquiring an additional 1,064,241 shares in the last quarter. Comgest Global Investors S.A.S. grew its holdings in shares of Church & Dwight by 49.7% in the third quarter. Comgest Global Investors S.A.S. now owns 2,842,200 shares of the company’s stock valued at $168,741,000 after acquiring an additional 944,200 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Church & Dwight by 7.4% in the second quarter. FMR LLC now owns 2,758,699 shares of the company’s stock valued at $146,652,000 after acquiring an additional 190,608 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Shares of CHD stock traded up $0.09 on Friday, reaching $66.81. The company’s stock had a trading volume of 1,380,882 shares, compared to its average volume of 1,613,573. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.93. Church & Dwight Co., Inc. has a 12-month low of $44.87 and a 12-month high of $67.93. The company has a market capitalization of $16.43 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.90 and a beta of 0.34.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th were given a dividend of $0.2175 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.87 dividend on an annualized basis and a yield of 1.30%. Church & Dwight’s payout ratio is 44.85%.

CHD has been the subject of several research reports. Bank of America reissued an “underperform” rating and set a $66.00 price objective (up from $58.00) on shares of Church & Dwight in a report on Thursday. Zacks Investment Research lowered Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Oppenheimer increased their price objective on Church & Dwight from $66.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. Citigroup increased their price objective on Church & Dwight from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, Deutsche Bank downgraded Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 target price on the stock. in a research report on Wednesday, October 10th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.59.

In other news, Director James Craigie sold 300,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $66.43, for a total transaction of $19,929,000.00. Following the transaction, the director now directly owns 327,577 shares of the company’s stock, valued at $21,760,940.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven P. Cugine sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $64.39, for a total value of $965,850.00. Following the completion of the sale, the executive vice president now directly owns 43,948 shares in the company, valued at $2,829,811.72. The disclosure for this sale can be found here. Insiders have sold 346,780 shares of company stock worth $22,971,597 in the last 90 days. Company insiders own 2.00% of the company’s stock.

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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.

Further Reading: Earnings Per Share

Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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