J. Safra Sarasin Holding AG Sells 9,774 Shares of Church & Dwight Co., Inc. $CHD

J. Safra Sarasin Holding AG lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 51.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,272 shares of the company’s stock after selling 9,774 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Church & Dwight were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Generali Asset Management SPA SGR lifted its position in Church & Dwight by 97.1% during the third quarter. Generali Asset Management SPA SGR now owns 34,811 shares of the company’s stock worth $3,050,000 after acquiring an additional 17,145 shares during the last quarter. Boston Trust Walden Corp increased its position in Church & Dwight by 7.8% during the 2nd quarter. Boston Trust Walden Corp now owns 201,620 shares of the company’s stock worth $19,378,000 after buying an additional 14,523 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Church & Dwight by 5.7% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,963 shares of the company’s stock valued at $50,166,000 after acquiring an additional 28,201 shares during the period. Prudential Financial Inc. grew its stake in shares of Church & Dwight by 7.4% in the second quarter. Prudential Financial Inc. now owns 141,362 shares of the company’s stock valued at $13,586,000 after acquiring an additional 9,795 shares in the last quarter. Finally, Vest Financial LLC increased its position in Church & Dwight by 7.8% during the third quarter. Vest Financial LLC now owns 563,653 shares of the company’s stock worth $49,393,000 after acquiring an additional 40,634 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $100.00 price target (down previously from $102.00) on shares of Church & Dwight in a research report on Wednesday, December 10th. Citigroup raised shares of Church & Dwight from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $85.00 to $87.00 in a research report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Church & Dwight in a report on Monday, December 22nd. UBS Group set a $92.00 price target on shares of Church & Dwight and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Argus dropped their price objective on shares of Church & Dwight from $110.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.85.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $91.94 on Friday. The firm has a market capitalization of $22.08 billion, a P/E ratio of 28.91, a P/E/G ratio of 4.28 and a beta of 0.46. The firm’s 50-day moving average price is $86.23 and its 200-day moving average price is $88.94. The company has a current ratio of 1.09, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. Church & Dwight Co., Inc. has a 1-year low of $81.33 and a 1-year high of $116.46.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Church & Dwight had a net margin of 12.74% and a return on equity of 19.32%. Church & Dwight’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Profile

Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.

The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.