Royal Bank Boosts Stake in Church & Dwight Amid Sales Growth

Royal Bank of Canada increased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 29.7% during the first quarter, acquiring an additional 152,894 shares.

The bank owned about 0.28% of Church & Dwight's stock after the purchase, valued at $62,320,000 at the end of the quarter.

Church & Dwight reported a 1.6% year-over-year increase in second-quarter net sales to $1.53 billion, exceeding analyst consensus and company expectations.