Van Hulzen Asset Management Lowers stake in Hershey Co (HSY)

Hershey Co (HSY) : Van Hulzen Asset Management reduced its stake in Hershey Co by 6.12% during the most recent quarter end. The investment management company now holds a total of 23,001 shares of Hershey Co which is valued at $2,563,921 after selling 1,499 shares in Hershey Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Hershey Co makes up approximately 1.42% of Van Hulzen Asset Management’s portfolio.

Other Hedge Funds, Including , Wfg Advisors Lp reduced its stake in HSY by selling 307 shares or 30.61% in the most recent quarter. The Hedge Fund company now holds 696 shares of HSY which is valued at $77,583. Hershey Co makes up approx 0.02% of Wfg Advisors Lp’s portfolio.Stack Financial Management Inc reduced its stake in HSY by selling 855 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 128,725 shares of HSY which is valued at $14,422,349. Hershey Co makes up approx 1.77% of Stack Financial Management Inc’s portfolio.Kidder Stephen W reduced its stake in HSY by selling 200 shares or 6.45% in the most recent quarter. The Hedge Fund company now holds 2,900 shares of HSY which is valued at $324,916. Hershey Co makes up approx 0.13% of Kidder Stephen W’s portfolio.

Hershey Co closed down -0.212 points or -0.19% at $113.06 with 11,45,577 shares getting traded on Tuesday. Post opening the session at $113.31, the shares hit an intraday low of $112.7 and an intraday high of $113.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Hershey Co reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.78. The company had revenue of $1637.70 million for the quarter, compared to analysts expectations of $1608.86 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Hershey Co. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 105 from a previous price target of $92 .Hershey Co was Downgraded by Argus to ” Hold” on Jul 5, 2016.

The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Company’s principal confectionery offerings include chocolate and sugar confectionery products; pantry items such as baking ingredients toppings and beverages; snack items such as spreads and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures imports markets sells or distributes chocolate sugar confectionery and other products. This includes operations in Asia Latin America Europe Africa and the Middle East along with exports to these regions. This segment also includes its global retail operations including Hershey’s Chocolate World stores.

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