Hershey Co (HSY) : Stock Yards Bank Trust Co reduced its stake in Hershey Co by 0.91% during the most recent quarter end. The investment management company now holds a total of 5,422 shares of Hershey Co which is valued at $522,843 after selling 50 shares in Hershey Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Hershey Co makes up approximately 0.07% of Stock Yards Bank Trust Co’s portfolio.
Other Hedge Funds, Including , National Pension Service boosted its stake in HSY in the latest quarter, The investment management firm added 9,729 additional shares and now holds a total of 114,174 shares of Hershey Co which is valued at $11,009,799. Hershey Co makes up approx 0.09% of National Pension Service’s portfolio.Pensionfund Dsm Netherlands boosted its stake in HSY in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 38,000 shares of Hershey Co which is valued at $3,595,940. Hershey Co makes up approx 0.50% of Pensionfund Dsm Netherlands’s portfolio.British Columbia Investment Management Corp reduced its stake in HSY by selling 10,387 shares or 19.7% in the most recent quarter. The Hedge Fund company now holds 42,341 shares of HSY which is valued at $4,006,729. Hershey Co makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in HSY in the latest quarter, The investment management firm added 5,111 additional shares and now holds a total of 35,724 shares of Hershey Co which is valued at $3,414,857. Hershey Co makes up approx 0.07% of Oregon Public Employees Retirement Fund’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.
Hershey Co opened for trading at $95.95 and hit $97.18 on the upside on Friday, eventually ending the session at $96.43, with a gain of 0.82% or 0.78 points. The heightened volatility saw the trading volume jump to 15,66,730 shares. Company has a market cap of $20,558 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 Oct 14, 2016, Hershey Co announced a cash dividend of $0.6180. The company’s management has announced Nov 21, 2016 as the ex-dividend date and fixed the record date on Nov 23, 2016. The payable date has been fixed on Dec 15, 2016.
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 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.