Atlanta Capital Management Co. L L C raised its position in Church & Dwight Co., Inc. (NYSE:CHD) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,071,388 shares of the company’s stock after purchasing an additional 602,128 shares during the period. Atlanta Capital Management Co. L L C’s holdings in Church & Dwight were worth $204,261,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in CHD. Sandy Spring Bank boosted its holdings in Church & Dwight by 138.4% in the 3rd quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares during the period. Ledyard National Bank boosted its holdings in Church & Dwight by 176.3% in the 4th quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock valued at $147,000 after purchasing an additional 1,865 shares during the period. Hermes Investment Management Ltd. bought a new position in Church & Dwight in the 4th quarter valued at $206,000. MUFG Americas Holdings Corp bought a new position in Church & Dwight in the 3rd quarter valued at $218,000. Finally, Delaney Dennis R bought a new position in Church & Dwight in the 4th quarter valued at $241,000. 79.30% of the stock is owned by hedge funds and other institutional investors.
Shares of Church & Dwight Co., Inc. (NYSE:CHD) opened at $48.38 on Wednesday. Church & Dwight Co., Inc. has a fifty-two week low of $43.21 and a fifty-two week high of $54.18. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. The stock has a market cap of $12,090.00, a price-to-earnings ratio of 16.63, a PEG ratio of 2.11 and a beta of 0.45.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a $0.2175 dividend. The ex-dividend date is Wednesday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.19. This represents a $0.87 annualized dividend and a yield of 1.80%. Church & Dwight’s payout ratio is currently 29.90%.
Church & Dwight announced that its board has authorized a stock repurchase program on Thursday, November 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Several brokerages have commented on CHD. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, February 8th. CIBC raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Morgan Stanley lifted their price objective on shares of Church & Dwight from $46.00 to $48.00 and gave the stock an “underweight” rating in a report on Wednesday, February 7th. UBS Group raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Finally, Oppenheimer raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $51.40.
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About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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