Americafirst Capital Management buys $2,408,060 stake in Hershey Co (HSY)

Hershey Co (HSY) : Americafirst Capital Management scooped up 2,543 additional shares in Hershey Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 22,068 shares of Hershey Co which is valued at $2,408,060.Hershey Co makes up approximately 1.66% of Americafirst Capital Management’s portfolio.

Other Hedge Funds, Including , Burns J W Co Incny reduced its stake in HSY by selling 2,785 shares or 10.56% in the most recent quarter. The Hedge Fund company now holds 23,579 shares of HSY which is valued at $2,578,835. Hershey Co makes up approx 0.76% of Burns J W Co Incny’s portfolio.Physicians Financial Services boosted its stake in HSY in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 7,578 shares of Hershey Co which is valued at $828,806. Hershey Co makes up approx 0.70% of Physicians Financial Services’s portfolio. Boys Arnold Co Inc added HSY to its portfolio by purchasing 1,865 company shares during the most recent quarter which is valued at $203,975. Hershey Co makes up approx 0.03% of Boys Arnold Co Inc’s portfolio.

Hershey Co closed down -0.22 points or -0.20% at $109.12 with 8,81,967 shares getting traded on Wednesday. Post opening the session at $109.01, the shares hit an intraday low of $108.52 and an intraday high of $109.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. Hershey Co was Downgraded by Argus to ” Hold” on Jul 5, 2016. 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 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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