Hershey Co (HSY) : Nadler Financial Group has sold out all of its stake in Hershey Co during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 1,960 shares of Hershey Co which is valued at $186,612.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in HSY by selling 537 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 35,840 shares of HSY which is valued at $3,412,326. Hershey Co makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HSY by selling 36,903 shares or 43.05% in the most recent quarter. The Hedge Fund company now holds 48,823 shares of HSY which is valued at $4,624,026. Hershey Co makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio. Curbstone Financial Management Corp sold out all of its stake in HSY during the most recent quarter. The investment firm sold 4,000 shares of HSY which is valued $378,840.Burns J W Co Incny reduced its stake in HSY by selling 13,234 shares or 56.13% in the most recent quarter. The Hedge Fund company now holds 10,345 shares of HSY which is valued at $979,775. Hershey Co makes up approx 0.30% of Burns J W Co Incny’s portfolio.Bath Savings Trust Co reduced its stake in HSY by selling 1,800 shares or 11.45% in the most recent quarter. The Hedge Fund company now holds 13,923 shares of HSY which is valued at $1,318,647. Hershey Co makes up approx 0.42% of Bath Savings Trust Co’s portfolio.
Hershey Co opened for trading at $95.36 and hit $95.52 on the upside on Friday, eventually ending the session at $95.21, with a gain of 0.11% or 0.1 points. The heightened volatility saw the trading volume jump to 12,31,371 shares. Company has a market cap of $20,298 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. Hershey Co was Resumed by JP Morgan to “Neutral” on Sep 6, 2016. BofA/Merrill Resumed Hershey Co on Aug 30, 2016 to “Underperform”, Price Target of the shares are set at $100.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 .
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.