Hedge Funds Aren’t Crazy About Church & Dwight Co., Inc. (CHD) Anymore

These stocks are XL Group plc (NYSE:XL), Xilinx, Inc. (NASDAQ:XLNX), KeyCorp (NYSE:KEY), and Laboratory Corp. of America Holdings (NYSE:LH). This group of stocks’ market valuations are closest to CHD’s market valuation.

As you can see these stocks had an average of 34.5 hedge funds with bullish positions and the average amount invested in these stocks was $1,277 million. That figure was $295 million in CHD’s case. Laboratory Corp. of America Holdings (NYSE:LH) is the most popular stock in this table. On the other hand Xilinx, Inc. (NASDAQ:XLNX) is the least popular one with only 23 bullish hedge fund positions. Compared to these stocks Church & Dwight Co., Inc. (NYSE:CHD) is even less popular than XLNX. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.