Exxonmobil Investment Management Inc Tx Lowers stake in Hershey Co (HSY)

Hershey Co (HSY) : Exxonmobil Investment Management Inc Tx reduced its stake in Hershey Co by 1.48% during the most recent quarter end. The investment management company now holds a total of 35,840 shares of Hershey Co which is valued at $3,412,326 after selling 537 shares in Hershey Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Hershey Co makes up approximately 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in HSY by selling 1,353 shares or 43.37% in the most recent quarter. The Hedge Fund company now holds 1,767 shares of HSY which is valued at $168,236. Hershey Co makes up approx 0.02% of First Mercantile Trust Co’s portfolio.Chevy Chase Trust Holdings reduced its stake in HSY by selling 2,907 shares or 2.34% in the most recent quarter. The Hedge Fund company now holds 121,126 shares of HSY which is valued at $11,471,843. Hershey Co makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HSY by selling 36,903 shares or 43.05% in the most recent quarter. The Hedge Fund company now holds 48,823 shares of HSY which is valued at $4,624,026. Hershey Co makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in HSY in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 940 shares of Hershey Co which is valued at $89,027. Hershey Co makes up approx 0.02% of Washington Trust Bank’s portfolio.Cullinan Associates Inc reduced its stake in HSY by selling 700 shares or 18.42% in the most recent quarter. The Hedge Fund company now holds 3,100 shares of HSY which is valued at $293,601. Hershey Co makes up approx 0.03% of Cullinan Associates Inc’s portfolio.

Hershey Co opened for trading at $95.36 and hit $95.52 on the upside on Friday, eventually ending the session at $95.21, with a gain of 0.11% or 0.1 points. The heightened volatility saw the trading volume jump to 12,31,371 shares. Company has a market cap of $20,298 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. Hershey Co was Resumed by JP Morgan to “Neutral” on Sep 6, 2016. BofA/Merrill Resumed Hershey Co on Aug 30, 2016 to “Underperform”, Price Target of the shares are set at $100.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 .

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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