Hershey Co (HSY) : Pensionfund Dsm Netherlands scooped up 3,500 additional shares in Hershey Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 38,000 shares of Hershey Co which is valued at $3,595,940.Hershey Co makes up approximately 0.50% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in HSY in the latest quarter, The investment management firm added 1,337 additional shares and now holds a total of 7,933 shares of Hershey Co which is valued at $750,700. Pacwest Financial Management Inc added HSY to its portfolio by purchasing 8,515 company shares during the most recent quarter which is valued at $813,949. Hershey Co makes up approx 0.50% of Pacwest Financial Management Inc’s portfolio. Vontobel Asset Management Inc sold out all of its stake in HSY during the most recent quarter. The investment firm sold 211,781 shares of HSY which is valued $20,244,146. Beacon Capital Management sold out all of its stake in HSY during the most recent quarter. The investment firm sold 255 shares of HSY which is valued $24,375.Simplex Trading boosted its stake in HSY in the latest quarter, The investment management firm added 34,726 additional shares and now holds a total of 62,635 shares of Hershey Co which is valued at $5,963,478. Hershey Co makes up approx 0.78% of Simplex Trading’s portfolio.
Hershey Co closed down -0.96 points or -1.00% at $94.63 with 7,19,769 shares getting traded on Tuesday. Post opening the session at $95.74, the shares hit an intraday low of $94.34 and an intraday high of $95.8995 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.