Fosun International Ltd Acquires Shares of 14,000 Church & Dwight Co., Inc. (CHD)
Fosun International Ltd acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,000 shares of the company’s stock, valued at approximately $824,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of CHD. OppenheimerFunds Inc. increased its position in Church & Dwight by 80,441.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock valued at $313,926,000 after acquiring an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN increased its position in Church & Dwight by 45.0% in the 2nd 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. increased its position in Church & Dwight by 49.7% in the 3rd 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. Glenmede Trust Co. NA increased its position in Church & Dwight by 37.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after acquiring an additional 482,109 shares in the last quarter. Finally, First Quadrant L P CA acquired a new stake in Church & Dwight in the 2nd quarter valued at about $23,731,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.
In related news, EVP Steven P. Cugine sold 15,000 shares of Church & Dwight stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $64.39, for a total transaction of $965,850.00. Following the transaction, the executive vice president now owns 43,948 shares of the company’s stock, valued at approximately $2,829,811.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Craigie sold 300,000 shares of Church & Dwight stock in a transaction that occurred on 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 in the company, valued at approximately $21,760,940.11. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
Shares of NYSE CHD opened at $64.42 on Wednesday. The stock has a market capitalization of $15.96 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 2.82 and a beta of 0.31. 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 1 year low of $44.53 and a 1 year high of $67.93.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Analysts expect that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.
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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.
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