BNP Paribas Arbitrage SA Reduces Position in Church & Dwight Co., Inc. (CHD)


BNP Paribas Arbitrage SA lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,607 shares of the company’s stock after selling 7,557 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Church & Dwight were worth $6,930,000 at the end of the most recent reporting period.


A number of other hedge funds also recently made changes to their positions in CHD. Schwab Charles Investment Management Inc. increased its position in Church & Dwight by 5.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 911,190 shares of the company’s stock worth $45,715,000 after acquiring an additional 47,862 shares during the period. SG Americas Securities LLC increased its position in Church & Dwight by 147.7% during the fourth quarter. SG Americas Securities LLC now owns 51,351 shares of the company’s stock worth $2,576,000 after acquiring an additional 30,619 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Church & Dwight during the fourth quarter worth $603,000. Dupont Capital Management Corp increased its position in Church & Dwight by 14.0% during the fourth quarter. Dupont Capital Management Corp now owns 30,910 shares of the company’s stock worth $1,551,000 after acquiring an additional 3,801 shares during the period. Finally, Dean Capital Investments Management LLC bought a new position in Church & Dwight during the fourth quarter worth $318,000. 81.02% of the stock is currently owned by institutional investors and hedge funds.


Get Church & Dwight alerts:

In other news, VP Steven J. Katz sold 12,600 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $50.66, for a total value of $638,316.00. Following the sale, the vice president now owns 13,858 shares in the company, valued at approximately $702,046.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Craigie sold 396,400 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $50.30, for a total transaction of $19,938,920.00. Following the completion of the sale, the director now owns 324,517 shares in the company, valued at approximately $16,323,205.10. The disclosure for this sale can be found here. Insiders sold a total of 433,830 shares of company stock worth $21,786,534 in the last 90 days. 2.00% of the stock is owned by corporate insiders.


Shares of NYSE:CHD opened at $47.32 on Friday. Church & Dwight Co., Inc. has a 52 week low of $43.21 and a 52 week high of $54.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.43 and a current ratio of 0.72. The firm has a market capitalization of $11.78 billion, a PE ratio of 24.39, a PEG ratio of 2.12 and a beta of 0.41.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, May 3rd. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Church & Dwight had a net margin of 19.71% and a return on equity of 25.47%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $977.94 million. During the same quarter in the previous year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. sell-side analysts forecast that Church & Dwight Co., Inc. will post 2.26 EPS for the current year.


The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th were paid a $0.2175 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.87 annualized dividend and a dividend yield of 1.84%. Church & Dwight’s dividend payout ratio is presently 44.85%.

CHD has been the topic of a number of research reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Church & Dwight in a research report on Monday, February 5th. BMO Capital Markets lifted their price target on shares of Church & Dwight from $45.00 to $47.00 and gave the stock a “hold” rating in a research note on Tuesday, February 6th. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $46.00 to $48.00 and gave the stock a “hold” rating in a research note on Tuesday, February 6th. Royal Bank of Canada lifted their price target on shares of Church & Dwight to $51.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Finally, Oppenheimer upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $51.50.


About Church & Dwight

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.

Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD).

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

Leave a Reply

Your email address will not be published. Required fields are marked *