Metis Global Partners LLC Has $2.20 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Metis Global Partners LLC lifted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,965 shares of the company’s stock after purchasing an additional 987 shares during the quarter. Metis Global Partners LLC’s holdings in Church & Dwight were worth $2,195,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight during the third quarter worth about $27,000. Crewe Advisors LLC acquired a new stake in Church & Dwight in the 1st quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in Church & Dwight in the 3rd quarter valued at approximately $28,000. Rothschild Investment LLC acquired a new stake in Church & Dwight in the 2nd quarter valued at approximately $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Church & Dwight in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Stifel Nicolaus dropped their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Barclays dropped their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Finally, Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a research note on Monday, September 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.53.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $109.02 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The stock’s fifty day moving average price is $103.40 and its two-hundred day moving average price is $104.05. Church & Dwight Co., Inc. has a one year low of $90.26 and a one year high of $110.31. The firm has a market cap of $26.71 billion, a price-to-earnings ratio of 48.89, a P/E/G ratio of 3.95 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating 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 analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio is 50.67%.

Insider Activity

In other news, CEO Matthew Farrell sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,704,740.96. This represents a 72.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley C. Irwin sold 13,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the sale, the director now owns 37,169 shares of the company’s stock, valued at approximately $3,993,437.36. The trade was a 26.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 490,613 shares of company stock worth $50,858,457. 2.00% of the stock is currently owned by company insiders.

About Church & Dwight

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.