Hershey Co (HSY) : Ycg reduced its stake in Hershey Co by 23.9% during the most recent quarter end. The investment management company now holds a total of 85,022 shares of Hershey Co which is valued at $9,477,402 after selling 26,699 shares in Hershey Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Hershey Co makes up approximately 2.93% of Ycg’s portfolio.
Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in HSY in the latest quarter, The investment management firm added 29,698 additional shares and now holds a total of 77,117 shares of Hershey Co which is valued at $8,596,232. Hershey Co makes up approx 0.03% of Canada Pension Plan Investment Board’s portfolio.Ironwood Investment Counsel reduced its stake in HSY by selling 2 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 3,102 shares of HSY which is valued at $345,780. Hershey Co makes up approx 0.20% of Ironwood Investment Counsel’s portfolio.Hutchens Investment Management Inc reduced its stake in HSY by selling 5,099 shares or 17.69% in the most recent quarter. The Hedge Fund company now holds 23,727 shares of HSY which is valued at $2,644,849. Hershey Co makes up approx 2.43% of Hutchens Investment Management Inc’s portfolio.Mutual Of America Capital Management boosted its stake in HSY in the latest quarter, The investment management firm added 823 additional shares and now holds a total of 16,591 shares of Hershey Co which is valued at $1,832,974. Hershey Co makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.
Hershey Co closed down -0.212 points or -0.19% at $113.06 with 11,45,577 shares getting traded on Tuesday. Post opening the session at $113.31, the shares hit an intraday low of $112.7 and an intraday high of $113.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 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.