Andra Ap-fonden buys $26,518,713 stake in Hershey Co (HSY)

Hershey Co (HSY) : Andra Ap-fonden scooped up 114,800 additional shares in Hershey Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 237,900 shares of Hershey Co which is valued at $26,518,713.Hershey Co makes up approximately 0.67% of Andra Ap-fonden’s portfolio.

Other Hedge Funds, Including , Bronfman E.l. Rothschild reduced its stake in HSY by selling 856 shares or 12.74% in the most recent quarter. The Hedge Fund company now holds 5,865 shares of HSY which is valued at $653,772. Hershey Co makes up approx 0.10% of Bronfman E.l. Rothschild’s portfolio.National Pension Service boosted its stake in HSY in the latest quarter, The investment management firm added 11,267 additional shares and now holds a total of 104,445 shares of Hershey Co which is valued at $11,642,484. Hershey Co makes up approx 0.10% of National Pension Service’s portfolio.Van Hulzen Asset Management reduced its stake in HSY by selling 1,499 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 23,001 shares of HSY which is valued at $2,563,921. Hershey Co makes up approx 1.42% of Van Hulzen Asset Management’s portfolio.Mycio Wealth Partners boosted its stake in HSY in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 319 shares of Hershey Co which is valued at $35,559. Hershey Co makes up approx 0.01% of Mycio Wealth Partners’s portfolio.Portland Global Advisors boosted its stake in HSY in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 18,990 shares of Hershey Co which is valued at $2,054,528. Hershey Co makes up approx 0.91% of Portland Global Advisors’s portfolio.

Hershey Co opened for trading at $110.58 and hit $112 on the upside on Monday, eventually ending the session at $111.67, with a gain of 0.71% or 0.79 points. The heightened volatility saw the trading volume jump to 18,01,179 shares. Company has a market cap of $23,807 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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