Bryn Mawr Trust Co Lowers stake in Hershey Co (HSY)

Hershey Co (HSY) : Bryn Mawr Trust Co reduced its stake in Hershey Co by 1.48% during the most recent quarter end. The investment management company now holds a total of 284,776 shares of Hershey Co which is valued at $31,743,981 after selling 4,277 shares in Hershey Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Hershey Co makes up approximately 1.95% of Bryn Mawr Trust Co’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in HSY in the latest quarter, The investment management firm added 1,125 additional shares and now holds a total of 3,675 shares of Hershey Co which is valued at $409,652. Hershey Co makes up approx 0.04% of Reliance Trust Co Of Delaware’s portfolio. Waverton Investment Management Ltd sold out all of its stake in HSY during the most recent quarter. The investment firm sold 10,480 shares of HSY which is valued $1,160,765.

Hershey Co opened for trading at $112.93 and hit $114.12 on the upside on Friday, eventually ending the session at $113.62, with a gain of 0.49% or 0.55 points. The heightened volatility saw the trading volume jump to 25,64,938 shares. Company has a market cap of $24,223 M.

On the company’s financial health, Hershey Co reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.78. The company had revenue of $1637.70 million for the quarter, compared to analysts expectations of $1608.86 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Hershey Co. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 105 from a previous price target of $92 .Hershey Co was Downgraded by Argus to ” Hold” on Jul 5, 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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