Canandaigua National Bank & Trust Co. decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,130 shares of the company’s stock after selling 269 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Church & Dwight were worth $375,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in CHD. Cordasco Financial Network acquired a new position in Church & Dwight in the 1st quarter valued at approximately $28,000. Advocacy Wealth Management Services LLC acquired a new position in shares of Church & Dwight in the 2nd quarter worth approximately $29,000. Pinnacle Bank acquired a new position in shares of Church & Dwight in the 4th quarter worth approximately $33,000. Baystate Wealth Management LLC raised its holdings in shares of Church & Dwight by 332.3% in the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock worth $39,000 after buying an additional 412 shares in the last quarter. Finally, Private Ocean LLC acquired a new position in shares of Church & Dwight in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 81.68% of the company’s stock.
NYSE:CHD opened at $78.99 on Friday. Church & Dwight Co., Inc. has a 52-week low of $54.46 and a 52-week high of $79.34. The company has a market cap of $19.38 billion, a P/E ratio of 34.80, a P/E/G ratio of 3.63 and a beta of 0.18. The stock’s 50-day simple moving average is $75.26 and its 200 day simple moving average is $72.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.44 and a current ratio of 0.78.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.228 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.15%. Church & Dwight’s payout ratio is 40.09%.
In other Church & Dwight news, EVP Steven P. Cugine sold 15,540 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $78.63, for a total transaction of $1,221,910.20. Following the completion of the transaction, the executive vice president now directly owns 30,866 shares in the company, valued at $2,426,993.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Shearer sold 17,544 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $77.00, for a total transaction of $1,350,888.00. Following the transaction, the director now owns 46,652 shares of the company’s stock, valued at $3,592,204. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,084 shares of company stock valued at $4,248,398. 2.00% of the stock is owned by company insiders.
A number of equities research analysts recently commented on CHD shares. Citigroup lowered Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price target on the stock. in a research report on Thursday, May 2nd. Atlantic Securities lowered Church & Dwight from an “overweight” rating to a “neutral” rating in a research report on Monday, May 13th. Stifel Nicolaus raised their price target on Church & Dwight from $71.00 to $74.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a research report on Thursday, May 30th. Finally, SunTrust Banks raised their price objective on Church & Dwight to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $71.16.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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