Americafirst Capital Management LLC Takes Position in Church & Dwight Company, Inc. (CHD)

Americafirst Capital Management LLC purchased a new stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,952 shares of the company’s stock, valued at approximately $1,139,000. Church & Dwight comprises 1.4% of Americafirst Capital Management LLC’s portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of CHD. Schwab Charles Investment Management Inc. increased its position in Church & Dwight by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock worth $43,177,000 after buying an additional 21,399 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Church & Dwight in the second quarter worth $1,136,000. Thrivent Financial For Lutherans increased its position in Church & Dwight by 4.0% in the first quarter. Thrivent Financial For Lutherans now owns 9,380 shares of the company’s stock worth $468,000 after buying an additional 360 shares during the last quarter. BlackRock Inc. increased its position in Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after buying an additional 18,639,877 shares during the last quarter. Finally, Trust Co. of Vermont increased its position in Church & Dwight by 1.2% in the second quarter. Trust Co. of Vermont now owns 97,476 shares of the company’s stock worth $5,057,000 after buying an additional 1,158 shares during the last quarter. 79.57% of the stock is owned by institutional investors.

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Shares of Church & Dwight Company, Inc. (NYSE:CHD) traded up 0.25% on Friday, reaching $47.84. The company had a trading volume of 151,413 shares. Church & Dwight Company, Inc. has a 52 week low of $42.56 and a 52 week high of $54.18. The stock’s 50 day moving average is $48.96 and its 200 day moving average is $50.69. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 28.29 and a beta of 0.60.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $898.00 million during the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that Church & Dwight Company, Inc. will post $1.93 EPS for the current year.

In related news, Director Robert D. Leblanc sold 9,718 shares of Church & Dwight stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total transaction of $484,345.12. Following the transaction, the director now directly owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Steven J. Katz sold 11,200 shares of Church & Dwight stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total transaction of $561,904.00. Following the transaction, the vice president now directly owns 4,458 shares in the company, valued at $223,657.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,858 shares of company stock worth $9,996,631. Corporate insiders own 2.00% of the company’s stock.

A number of analysts have issued reports on the company. BidaskClub downgraded Church & Dwight from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 target price on shares of Church & Dwight in a research report on Thursday, August 3rd. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC set a $49.00 price target on Church & Dwight and gave the stock a “sell” rating in a report on Sunday, August 6th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Church & Dwight in a report on Wednesday, October 4th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.26.

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.

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

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