CHD
A little portfolio haircut
AMI Asset Management decided Church & Dwight needed a trim, not a makeover. The firm sold 17,615 shares, reducing its stake by about 3.1% while still holding 548,129 shares — a position worth roughly $45.96 million.
Why you should care
This isn’t the kind of move that screams "abandon ship." AMI still has a chunky holding, so this looks more like a rebalancing act than a dramatic vote of no-confidence. Still, when a money manager nudges out of a consumer staples name like CHD, people tend to squint at the filing and ask: is this just housekeeping, or is someone getting a little less enthusiastic?
The other news hiding in plain sight
The bigger drama may be what Church & Dwight is doing on the operating side. The company reportedly beat quarterly EPS estimates at $0.86 versus $0.84, posted revenue up 3.9% year over year, raised FY2026 EPS guidance to $3.71-$3.81, and lifted its quarterly dividend to $0.3075 a share.
That combo is basically the corporate equivalent of showing up to the meeting with a fresh haircut, a promotion, and a better coffee budget. So yes, AMI trimmed its stake — but the underlying business is still giving investors a pretty solid case to stay interested. Big picture: a portfolio tweak is a headline; strong results are the thing that usually moves the stock.