Gateway Advisory Lowers stake in Church & Dwight Co. (CHD)

Church & Dwight Co. (CHD) : Gateway Advisory reduced its stake in Church & Dwight Co. by 19.2% during the most recent quarter end. The investment management company now holds a total of 4,205 shares of Church & Dwight Co. which is valued at $410,492 after selling 999 shares in Church & Dwight Co. , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Church & Dwight Co. makes up approximately 0.16% of Gateway Advisory’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in CHD by selling 81,434 shares or 69.17% in the most recent quarter. The Hedge Fund company now holds 36,304 shares of CHD which is valued at $3,543,996. Church & Dwight Co. makes up approx 0.03% of Sg Americas Securities’s portfolio.Northeast Investment Management boosted its stake in CHD in the latest quarter, The investment management firm added 21,114 additional shares and now holds a total of 33,590 shares of Church & Dwight Co. which is valued at $3,279,056. Church & Dwight Co. makes up approx 0.32% of Northeast Investment Management’s portfolio.Dividend Assets Capital reduced its stake in CHD by selling 319,945 shares or 32.49% in the most recent quarter. The Hedge Fund company now holds 664,671 shares of CHD which is valued at $64,971,590. Church & Dwight Co. makes up approx 1.90% of Dividend Assets Capital’s portfolio.Shinko Asset Management Ltd. reduced its stake in CHD by selling 1,200 shares or 34.62% in the most recent quarter. The Hedge Fund company now holds 2,266 shares of CHD which is valued at $227,257.Cibc World Markets boosted its stake in CHD in the latest quarter, The investment management firm added 43,048 additional shares and now holds a total of 69,607 shares of Church & Dwight Co. which is valued at $6,980,886. Church & Dwight Co. makes up approx 0.03% of Cibc World Markets’s portfolio.

Church & Dwight Co. closed down -0.45 points or -0.45% at $100.07 with 7,95,444 shares getting traded on Monday. Post opening the session at $100.45, the shares hit an intraday low of $99.58 and an intraday high of $100.52 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 $0.85 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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