Argus Research Downgrades Hershey Co to Hold

Brokerage firm Argus Research Downgrades its rating on Hershey Co(NYSE:HSY). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Argus Research was issued on Jul 5, 2016.

In a different note, On Apr 20, 2016, Bank of America said it Downgrades its rating on Hershey Co. The shares have been rated ‘Underperform’ by the firm.

Hershey Co (HSY) made into the market gainers list on Fridays trading session with the shares advancing 0.60% or 0.66 points. Due to strong positive momentum, the stock ended at $110.7, which is also near the day’s high of $110.86. The stock began the session at $110.43 and the volume stood at 11,13,884 shares. The 52-week high of the shares is $117.79 and the 52 week low is $82.41. The company has a current market capitalization of $23,620 M and it has 21,33,72,880 shares in outstanding.

Hershey Co(HSY) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.83B. Analysts had an estimated revenue of $1.91B. Earnings per share were $1.10. Analysts had estimated an EPS of $1.08.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Michele Buck (EVP, Chief Operating Officer) sold 13,500 shares at $108.70 per share price.Also, On Jun 16, 2016, D Michael Wege (SVP, GS, India, ME, Comm & CSR) sold 1,100 shares at $96.54 per share price.On Jun 15, 2016, Kevin R Walling (SVP Chief HR Officer) sold 13,568 shares at $96.12 per share price, according to the Form-4 filing with the securities and exchange commission.

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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