Hershey Co (HSY) Files Form 4 Insider Selling : D Michael Wege Sells 1,100 Shares

Hershey Co (HSY): D Michael Wege , SVP, GS, India, ME, Comm & CSR of Hershey Co sold 1,100 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $96.54 per share for a total value of $106,157.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Kevin R Walling (SVP Chief HR Officer) sold 13,568 shares at $96.12 per share price.On Jun 13, 2016, Michele Buck (EVP, Chief Operating Officer) sold 10,369 shares at $96.47 per share price.Also, On May 17, 2016, D Michael Wege (SVP, CAO) sold 1,100 shares at $92.26 per share price.On Apr 21, 2016, Thomas J Ridge (director) sold 328 shares at $92.66 per share price.

Shares of Hershey Co (HSY) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.53 points or -0.55% at $96.05 with 23,17,933 shares getting traded. Post opening the session at $96.57, the shares hit an intraday low of $95.51 and an intraday high of $96.81 and the price vacillated in this range throughout the day. The company has a market cap of $20,494 M and the number of outstanding shares has been calculated to be 21,33,72,880 shares. The 52-week high of Hershey Co is $97.4 and the 52-week low is $82.41.

Hershey Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hershey Co is Reiterated by UBS to Neutral while Lowering the Price Target of the company shares to $ 92 from a previous price target of $94 . The Rating was issued on Apr 27, 2016.Hershey Co is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 20, 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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