Hershey Co (HSY) : Bryn Mawr Trust Co reduced its stake in Hershey Co by 6.36% during the most recent quarter end. The investment management company now holds a total of 289,053 shares of Hershey Co which is valued at $26,480,145 after selling 19,640 shares in Hershey Co , the firm said in a disclosure report filed with the SEC on May 3, 2016.Hershey Co makes up approximately 1.70% of Bryn Mawr Trust Co’s portfolio.
Other Hedge Funds, Including , Geneva Advisors boosted its stake in HSY in the latest quarter, The investment management firm added 286 additional shares and now holds a total of 4,882 shares of Hershey Co which is valued at $447,240. Hershey Co makes up approx 0.01% of Geneva Advisors’s portfolio.First Mercantile Trust Co boosted its stake in HSY in the latest quarter, The investment management firm added 3,789 additional shares and now holds a total of 3,989 shares of Hershey Co which is valued at $371,416. Hershey Co makes up approx 0.04% of First Mercantile Trust Co’s portfolio. Dearborn Partners sold out all of its stake in HSY during the most recent quarter. The investment firm sold 18,384 shares of HSY which is valued $1,664,671.Davis R M Inc boosted its stake in HSY in the latest quarter, The investment management firm added 28,912 additional shares and now holds a total of 257,764 shares of Hershey Co which is valued at $23,340,530. Hershey Co makes up approx 1.17% of Davis R M Inc’s portfolio.
Hershey Co opened for trading at $92.75 and hit $93.27 on the upside on Tuesday, eventually ending the session at $93.16, with a gain of 0.75% or 0.69 points. The heightened volatility saw the trading volume jump to 7,40,294 shares. Company has a market cap of $19,878 M.
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.
The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Companys 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 Hersheys Chocolate World stores.