Hershey Co (HSY) : Hutchens Investment Management Inc scooped up 5,201 additional shares in Hershey Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 28,826 shares of Hershey Co which is valued at $2.7 Million.Hershey Co makes up approximately 2.70% of Hutchens Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Spectrum Advisory Services Inc reduced its stake in HSY by selling 400 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 8,523 shares of HSY which is valued at $787,866. Hershey Co makes up approx 0.31% of Spectrum Advisory Services Inc’s portfolio. Apertura Capital sold out all of its stake in HSY during the most recent quarter. The investment firm sold 20,000 shares of HSY which is valued $1.8 Million.Ifc Holdings Incorporatedfl reduced its stake in HSY by selling 337 shares or 13.52% in the most recent quarter. The Hedge Fund company now holds 2,156 shares of HSY which is valued at $197,511. Hershey Co makes up approx 0.02% of Ifc Holdings Incorporatedfl’s portfolio.Aperio Group boosted its stake in HSY in the latest quarter, The investment management firm added 15,274 additional shares and now holds a total of 74,570 shares of Hershey Co which is valued at $6.9 Million. Hershey Co makes up approx 0.06% of Aperio Group’s portfolio.
Hershey Co opened for trading at $91.44 and hit $91.78 on the upside on Wednesday, eventually ending the session at $91.36, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 14,83,891 shares. Company has a market cap of $19,494 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.