Ownership Action Don’t Lie: Institutional Investors Are Selling Hershey Co (NYSE:HSY)

November 25, 2016 - By Dolores Ford   ·   0 Comments

Ownership Action Don't Lie: Institutional Investors Are Selling Hershey Co (NYSE:HSY)

Sentiment for Hershey Co (NYSE:HSY)

Hershey Co (NYSE:HSY) institutional sentiment decreased to 0.81 in Q2 2016. Its down -0.04, from 0.85 in 2016Q1. The ratio is negative, as 249 institutional investors opened new and increased equity positions, while 293 sold and reduced equity positions in Hershey Co. The institutional investors in our partner’s database now own: 111.39 million shares, down from 118.72 million shares in 2016Q1. Also, the number of institutional investors holding Hershey Co in their top 10 equity positions increased from 7 to 11 for an increase of 4. Sold All: 60 Reduced: 233 Increased: 175 New Position: 74.

The Hershey Company is a producer of chocolate and non-chocolate confectionery. The company has a market cap of $20.59 billion. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes. It has a 30.89 P/E ratio. The Firm operates through two divisions: North America, and International and Other.

About 193,275 shares traded hands. Hershey Co (NYSE:HSY) has risen 7.30% since April 22, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Analysts await Hershey Co (NYSE:HSY) to report earnings on January, 26. They expect $1.09 earnings per share, up 0.93% or $0.01 from last year’s $1.08 per share. HSY’s profit will be $230.02 million for 22.38 P/E if the $1.09 EPS becomes a reality. After $1.29 actual earnings per share reported by Hershey Co for the previous quarter, Wall Street now forecasts -15.50% negative EPS growth.

According to Zacks Investment Research, “The Hershey Company is a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products. Hershey markets such well-known brands as Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat, Almond Joy, Mounds, York, Jolly Rancher, Twizzlers, and Ice Breakers as well as innovative new products such as Swoops and Hershey’s S’mores. Hershey also offers a variety of snack products to consumers, including Hershey’s Cookies, Mauna Loa macadamia nuts, and Hershey’s Snack Barz.”

Hershey Trust Co holds 17.32% of its portfolio in Hershey Co for 12.70 million shares. Symons Capital Management Inc owns 159,743 shares or 4.21% of their US portfolio. Moreover, Lawson Kroeker Investment Management Inc Ne has 3.91% invested in the company for 103,800 shares. The Texas-based Ycg Llc has invested 3.09% in the stock. Macnealy Hoover Investment Management Inc, a Ohio-based fund reported 32,512 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 10 insider sales for $9.37 million net activity.

Hershey Co (NYSE:HSY) Ratings Coverage

Ratings analysis reveals 13% of The Hershey Company’s analysts are positive. Out of 15 Wall Street analysts rating The Hershey Company, 2 give it “Buy”, 3 “Sell” rating, while 10 recommend “Hold”. The lowest target is $82 while the high is $105. The stock’s average target of $92.70 is -4.99% below today’s ($97.57) share price. HSY was included in 28 notes of analysts from August 5, 2015. The rating was downgraded by Bank of America on Wednesday, April 20 to “Underperform”. The rating was upgraded by Argus Research on Tuesday, December 8 to “Buy”. The company was downgraded on Wednesday, August 5 by Wells Fargo. The stock of Hershey Co (NYSE:HSY) earned “Hold” rating by Deutsche Bank on Monday, August 10. The stock of Hershey Co (NYSE:HSY) earned “Neutral” rating by JP Morgan on Monday, January 11. The stock of Hershey Co (NYSE:HSY) has “Neutral” rating given on Wednesday, February 24 by UBS. The rating was initiated by Bank of America with “Underperform” on Tuesday, August 30. The rating was maintained by JP Morgan on Tuesday, September 6 with “Neutral”. As per Tuesday, October 25, the company rating was initiated by Susquehanna. On Tuesday, August 11 the stock rating was downgraded by TheStreet to “Hold”.

HSY Company Profile

The Hershey Company, incorporated on October 24, 1927, is a producer of chocolate and non-chocolate confectionery. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes. The Firm operates through two divisions: North America, and International and Other. The Firm markets, sells and distributes its products under approximately 80 brand names in over 70 countries across the world. The Company’s manufacturing facilities are located in Hershey and Lancaster, Pennsylvania; Monterrey, Mexico, and Stuarts Draft, Virginia. The United States, Canada and Mexico facilities support its North America segment, while the China and Malaysia facilities serve its International and Other segment. The Company’s clients are wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires and department stores.

More recent Hershey Co (NYSE:HSY) news were published by: Investorplace.com which released: “Hershey Co (HSY) Stock Looks Sweet After Earnings Beat” on October 28, 2016. Also Valuewalk.com published the news titled: “Hershey Co Rises On Earnings, AbbVie Inc Declines On Sales Miss” on October 28, 2016. Fool.com‘s news article titled: “Why Candy Stocks Like The Hershey Company Don’t Look So Sweet” with publication date: November 16, 2016 was also an interesting one.

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By Dolores Ford


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