Chesapeake Asset Management Lowers stake in Church & Dwight Co. (CHD)

Church & Dwight Co. (CHD) : Chesapeake Asset Management reduced its stake in Church & Dwight Co. by 29.05% during the most recent quarter end. The investment management company now holds a total of 9,864 shares of Church & Dwight Co. which is valued at $989,556 after selling 4,038 shares in Church & Dwight Co. , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Church & Dwight Co. makes up approximately 0.78% of Chesapeake Asset Management’s portfolio.

Other Hedge Funds, Including , Ifc Holdings Incorporatedfl reduced its stake in CHD by selling 1,399 shares or 41.32% in the most recent quarter. The Hedge Fund company now holds 1,987 shares of CHD which is valued at $193,971. Church & Dwight Co. makes up approx 0.02% of Ifc Holdings Incorporatedfl’s portfolio.American Century Companies Inc reduced its stake in CHD by selling 382,418 shares or 43.03% in the most recent quarter. The Hedge Fund company now holds 506,267 shares of CHD which is valued at $49,487,599. Church & Dwight Co. makes up approx 0.05% of American Century Companies Inc’s portfolio.

Church & Dwight Co. closed down -0.06 points or -0.06% at $99.23 with 8,16,949 shares getting traded on Wednesday. Post opening the session at $99.29, the shares hit an intraday low of $98.45 and an intraday high of $99.5199 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Church & Dwight Co. reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.79. The company had revenue of $877.40 million for the quarter, compared to analysts expectations of $869.53 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Church & Dwight Co.. Company shares were Reiterated by UBS on Aug 5, 2016 to “Sell”, Firm has raised the Price Target to $ 93 from a previous price target of $88 .Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 104 from a previous price target of $102 .Company shares were Reiterated by Jefferies on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 116 from a previous price target of $112 .

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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