Shares of Energizer Holdings (NYSE:ENR) shot up big today, after the company announced that it will split into two separate publicly traded companies. The first will focus on the company's well-known battery business, while the second will be focused on its personal-care brands, such as Schick, Edge shaving gel, Hawaiian Tropic, and Banana Boat.

In this segment from Wednesday's MarketFoolery, host Chris Hill and Motley Fool analysts Jason Moser and Simon Erickson dig into the numbers on how these two businesses have performed for Energizer and discuss which of the two new public companies will be the better holding for investors.

Chris Hill, Jason Moser, Simon Erickson, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.