Cypress Capital Group buys $4,176,897 stake in Hershey Co (HSY)

Hershey Co (HSY) : Cypress Capital Group scooped up 3,070 additional shares in Hershey Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 42,225 shares of Hershey Co which is valued at $4,176,897.Hershey Co makes up approximately 1.01% of Cypress Capital Group’s portfolio.

Other Hedge Funds, Including , Highland Capital Management Lp boosted its stake in HSY in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 3,500 shares of Hershey Co which is valued at $346,220. Hershey Co makes up approx 0.02% of Highland Capital Management Lp’s portfolio.Tiaa Cref Investment Management boosted its stake in HSY in the latest quarter, The investment management firm added 215,805 additional shares and now holds a total of 741,426 shares of Hershey Co which is valued at $75,328,882. Hershey Co makes up approx 0.06% of Tiaa Cref Investment Management’s portfolio. Jensen Investment Management Inc sold out all of its stake in HSY during the most recent quarter. The investment firm sold 4,490 shares of HSY which is valued $457,935.

Hershey Co closed down -0.6 points or -0.61% at $98.56 with 12,18,231 shares getting traded on Monday. Post opening the session at $98.96, the shares hit an intraday low of $97.91 and an intraday high of $99.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Hershey Co reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $1.18. The company had revenue of $2003.50 million for the quarter, compared to analysts expectations of $1993.50 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.

Many Wall Street Analysts have commented on Hershey Co. Company shares were Reiterated by Stifel on Oct 31, 2016 to “Hold”, Firm has raised the Price Target to $ 97 from a previous price target of $94 .Hershey Co was Upgraded by Citigroup to ” Buy” on Oct 27, 2016. Hershey Co was Initiated by Susquehanna to “Neutral” on Oct 25, 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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