Mckinley Carter Wealth Services buys $2,524,910 stake in Hershey Co (HSY)

Hershey Co (HSY) : Mckinley Carter Wealth Services scooped up 922 additional shares in Hershey Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 22,854 shares of Hershey Co which is valued at $2,524,910.Hershey Co makes up approximately 1.29% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , Ftb Advisors reduced its stake in HSY by selling 5 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 275 shares of HSY which is valued at $30,459.Leavell Investment Management reduced its stake in HSY by selling 238 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 10,729 shares of HSY which is valued at $1,170,748. Hershey Co makes up approx 0.17% of Leavell Investment Management’s portfolio.

Hershey Co opened for trading at $110.71 and hit $111.43 on the upside on Thursday, eventually ending the session at $110.72, with a gain of 0.22% or 0.24 points. The heightened volatility saw the trading volume jump to 5,05,188 shares. Company has a market cap of $23,604 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.

Investors should note that on Jul 28, 2016, Hershey Co announced a cash dividend of $0.6180. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.

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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