Hershey Co (HSY) : Laurion Capital Management Lp added new position in Hershey Co during the most recent quarter end. The investment management firm now holds 195,888 shares of Hershey Co which is valued at $21,835,635 , the company said in a statement filed on Aug 12, 2016 with the SEC.Hershey Co makes up approximately 1.29% of Laurion Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in HSY in the latest quarter, The investment management firm added 6,942 additional shares and now holds a total of 31,595 shares of Hershey Co which is valued at $3,521,895. Hershey Co makes up approx 0.03% of Raymond James Financial Services Advisors’s portfolio. Tower Research Capital (trc) added HSY to its portfolio by purchasing 732 company shares during the most recent quarter which is valued at $81,596. Hershey Co makes up approx 0.01% of Tower Research Capital (trc)’s portfolio. Haverford Trust Co added HSY to its portfolio by purchasing 2,215 company shares during the most recent quarter which is valued at $247,305. Hershey Co makes up approx 0.01% of Haverford Trust Co’s portfolio. Cibc World Markets added HSY to its portfolio by purchasing 30,747 company shares during the most recent quarter which is valued at $3,380,633. Hershey Co makes up approx 0.01% of Cibc World Markets’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 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.