Pensionfund Sabic Lowers stake in Hershey Co (HSY)

Hershey Co (HSY) : Pensionfund Sabic reduced its stake in Hershey Co by 3.53% during the most recent quarter end. The investment management company now holds a total of 16,400 shares of Hershey Co which is valued at $1.5 Million after selling 600 shares in Hershey Co according to a report filed by the company on Apr 4, 2016 with the SEC.Hershey Co makes up approximately 0.46% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in HSY by selling 1,200 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 34,500 shares of HSY which is valued at $3.2 Million. Hershey Co makes up approx 0.43% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Hershey Co reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.05. The company had revenue of $1909.22 million for the quarter, compared to analysts expectations of $1971.16 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Hershey Co. 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 .Argus Upgraded Hershey Co on Jan 20, 2016 to ” Buy”, Price Target of the shares are set at $96.Hershey Co was Downgraded by JP Morgan to ” Neutral” on Jan 11, 2016.

Hershey Co closed down -0.21 points or -0.23% at $91.6 with 7,78,849 shares getting traded on Monday. Post opening the session at $91.95, the shares hit an intraday low of $91.5 and an intraday high of $92.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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