Axel Capital Management Exits Position in Church & Dwight Co. (CHD)

Church & Dwight Co. (CHD) : Axel Capital Management has sold out all of its stake in Church & Dwight Co. during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 20,000 shares of Church & Dwight Co. which is valued at $1.9 Million.

Other Hedge Funds, Including , Shinko Asset Management Ltd. reduced its stake in CHD by selling 1,200 shares or 25.72% in the most recent quarter. The Hedge Fund company now holds 3,466 shares of CHD which is valued at $334,642. Numeric Investors sold out all of its stake in CHD during the most recent quarter. The investment firm sold 15,700 shares of CHD which is valued $1.5 Million.Nordea Investment Management Ab boosted its stake in CHD in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 4,863 shares of Church & Dwight Co. which is valued at $450,800. Quantbot Technologies Lp added CHD to its portfolio by purchasing 9,707 company shares during the most recent quarter which is valued at $899,839. Church & Dwight Co. makes up approx 0.14% of Quantbot Technologies Lp’s portfolio.

Church & Dwight Co. closed down -0.09 points or -0.09% at $96.46 with 8,03,469 shares getting traded on Monday. Post opening the session at $96.57, the shares hit an intraday low of $96.03 and an intraday high of $96.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Church & Dwight Co. reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.85. The company had revenue of $849.00 million for the quarter, compared to analysts expectations of $827.32 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Church & Dwight Co.. Church & Dwight Co. was Downgraded by BofA/Merrill to ” Underperform” on Apr 18, 2016.

Church & Dwight Co. Inc. develops manufactures and markets a range of household personal care and specialty products. The Company operates in three segments. The Consumer Domestic segment provides the power brands (ARM & HAMMER TROJAN OXICLEAN SPINBRUSH FIRST RESPONSE NAIR ORAJEL XTRA L’IL CRITTERS and VITAFUSION) and other household and personal care products such as SCRUB FREE KABOOM and ORANGE GLO cleaning products ANSWER home pregnancy and ovulation test kits ARRID antiperspirant and CLOSE-UP and AIM toothpastes. The Consumer International segment sells personal care products some of which use the same brands as the Company’s domestic product lines in International markets. The Specialty Products Division (SPD) is a producer of sodium bicarbonate which it sells together with other specialty inorganic chemicals for industrial institutional medical and food applications. SPD also sells a range of animal nutrition and specialty cleaning products.

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