BNP Paribas Financial Markets Cuts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

BNP Paribas Financial Markets reduced its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 54.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,474 shares of the company's stock after selling 310,267 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Church & Dwight worth $26,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Church & Dwight in the third quarter worth $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the 3rd quarter worth $28,000. Rothschild Investment LLC bought a new stake in Church & Dwight during the second quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Church & Dwight during the 2nd quarter valued at about $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in Church & Dwight in the 2nd quarter worth approximately $38,000. Institutional investors own 86.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Evercore ISI decreased their price objective 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. Wells Fargo & Company increased their target price on Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $108.53.

Insider Activity at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the sale, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Farrell sold 165,823 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the transaction, the chief executive officer now owns 112,719 shares of the company's stock, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 543,513 shares of company stock worth $56,795,253. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Stock Performance

CHD stock traded down $0.23 on Friday, hitting $110.13. The company had a trading volume of 965,206 shares, compared to its average volume of 1,696,588. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 49.39, a P/E/G ratio of 4.04 and a beta of 0.55. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock's 50-day simple moving average is $104.87 and its 200 day simple moving average is $104.33. Church & Dwight Co., Inc. has a 12-month low of $90.26 and a 12-month high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $0.74 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.2838 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. Church & Dwight's dividend payout ratio is currently 50.67%.

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.