Hershey Co (HSY) : State Of Alaska Department Of Revenue scooped up 6,725 additional shares in Hershey Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 104,421 shares of Hershey Co which is valued at $11,394,420.Hershey Co makes up approximately 1.17% of State Of Alaska Department Of Revenue’s portfolio.
Other Hedge Funds, Including , First National Bank Of Omaha sold out all of its stake in HSY during the most recent quarter. The investment firm sold 3,130 shares of HSY which is valued $341,546.Mai Capital Management reduced its stake in HSY by selling 507 shares or 21.66% in the most recent quarter. The Hedge Fund company now holds 1,834 shares of HSY which is valued at $200,585. Hershey Co makes up approx 0.02% of Mai Capital Management’s portfolio.Marathon Asset Management Llp boosted its stake in HSY in the latest quarter, The investment management firm added 21,807 additional shares and now holds a total of 1,157,339 shares of Hershey Co which is valued at $126,578,166. Hershey Co makes up approx 2.62% of Marathon Asset Management Llp’s portfolio.Capstone Asset Management Co boosted its stake in HSY in the latest quarter, The investment management firm added 1,150 additional shares and now holds a total of 59,667 shares of Hershey Co which is valued at $6,463,726. Hershey Co makes up approx 0.19% of Capstone Asset Management Co’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 .
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.