Church & Dwight Co., Inc. (NYSE:CHD) was in 11 hedge funds’ portfolio at the end of December. CHD has experienced a decrease in hedge fund interest in recent months. There were 13 hedge funds in our database with CHD holdings at the end of the previous quarter.
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Now, let’s take a peek at the latest action encompassing Church & Dwight Co., Inc. (NYSE:CHD).
How have hedgies been trading Church & Dwight Co., Inc. (NYSE:CHD)?
Heading into 2013, a total of 11 of the hedge funds we track were bullish in this stock, a change of -15% from the previous quarter. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were upping their holdings significantly.
According to our comprehensive database, Mario Gabelli’s GAMCO Investors had the largest position in Church & Dwight Co., Inc. (NYSE:CHD), worth close to $23.3 million, comprising 0.2% of its total 13F portfolio. On GAMCO Investors’s heels is Cliff Asness of AQR Capital Management, with a $16.9 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining peers with similar optimism include Jim Simons’s Renaissance Technologies, D. E. Shaw’s D E Shaw and Mark Kingdon’s Kingdon Capital.
Judging by the fact that Church & Dwight Co., Inc. (NYSE:CHD) has witnessed falling interest from the aggregate hedge fund industry, it’s easy to see that there is a sect of fund managers that elected to cut their full holdings at the end of the year. It’s worth mentioning that Louis Navellier’s Navellier & Associates cut the largest investment of the “upper crust” of funds we watch, worth about $54.7 million in stock., and Malcolm Fairbairn of Ascend Capital was right behind this move, as the fund dropped about $7.5 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest dropped by 2 funds at the end of the year.
What do corporate executives and insiders think about Church & Dwight Co., Inc. (NYSE:CHD)?
Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past half-year. Over the last six-month time period, Church & Dwight Co., Inc. (NYSE:CHD) has seen 1 unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to Church & Dwight Co., Inc. (NYSE:CHD). These stocks are Ocean Bio-Chem, Inc. (NASDAQ:OBCI), Zep, Inc. (NYSE:ZEP), Stepan Company (NYSE:SCL), , and Ecolab Inc. (NYSE:ECL). This group of stocks are in the cleaning products industry and their market caps resemble CHD’s market cap.