Jnba Financial Advisors Lowers stake in Hershey Co (HSY)

Hershey Co (HSY) : Jnba Financial Advisors reduced its stake in Hershey Co by 32.32% during the most recent quarter end. The investment management company now holds a total of 1,776 shares of Hershey Co which is valued at $160,817 after selling 848 shares in Hershey Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Hershey Co makes up approximately 0.06% of Jnba Financial Advisors’s portfolio.

Hershey Co opened for trading at $89.84 and hit $91.12 on the upside on Wednesday, eventually ending the session at $90.87, with a gain of 1.42% or 1.27 points. The heightened volatility saw the trading volume jump to 22,68,555 shares. Company has a market cap of $19,675 M.

Other Hedge Funds, Including ,

On the company’s financial health, Hershey Co reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.07. The company had revenue of $1828.80 million for the quarter, compared to analysts expectations of $1902.96 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.09 EPS.

Many Wall Street Analysts have commented on Hershey Co. Shares were Reiterated by UBS on Apr 27, 2016 to “Neutral” and Lowered the Price Target to $ 92 from a previous price target of $94 .Hershey Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 92 from a previous price target of $95 .

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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