Hershey Co (NYSE:HSY) Institutional Investors Quarterly Sentiment

January 13, 2018 - By Henry Gaston

 Hershey Co (NYSE:HSY) Institutional Investors Quarterly Sentiment

Sentiment for Hershey Co (NYSE:HSY)

Hershey Co (NYSE:HSY) institutional sentiment increased to 1.06 in 2017 Q3. Its up 0.08, from 0.98 in 2017Q2. The ratio has increased, as 259 active investment managers opened new and increased holdings, while 245 sold and decreased equity positions in Hershey Co. The active investment managers in our partner’s database now have: 106.96 million shares, down from 107.85 million shares in 2017Q2. Also, the number of active investment managers holding Hershey Co in their top 10 holdings increased from 6 to 9 for an increase of 3. Sold All: 45 Reduced: 200 Increased: 194 New Position: 65.

The Hershey Company, together with its subsidiaries, makes and sells confectionery products. The company has market cap of $23.02 billion. The firm operates through two divisions, North America, and International and Other. It has a 32.64 P/E ratio. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising chewing gums and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, and mixes.

The stock decreased 0.74% or $0.82 during the last trading session, reaching $109.27. About 621,443 shares traded. The Hershey Company (NYSE:HSY) has risen 23.54% since January 13, 2017 and is uptrending. It has outperformed by 6.84% the S&P500.

Analysts await The Hershey Company (NYSE:HSY) to report earnings on February, 2. They expect $1.07 earnings per share, down 8.55 % or $0.10 from last year’s $1.17 per share. HSY’s profit will be $225.45 million for 25.53 P/E if the $1.07 EPS becomes a reality. After $1.33 actual earnings per share reported by The Hershey Company for the previous quarter, Wall Street now forecasts -19.55 % negative EPS growth.

Hershey Trust Co holds 11.97% of its portfolio in The Hershey Company for 8.25 million shares. Symons Capital Management Inc owns 183,732 shares or 5.07% of their US portfolio. Moreover, Northcoast Asset Management Llc has 3.31% invested in the company for 257,735 shares. The Nebraska-based Lawson Kroeker Investment Management Inc Ne has invested 3.19% in the stock. Hs Management Partners Llc, a New York-based fund reported 871,675 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 8 selling transactions for $956.20 million activity.

The Hershey Company (NYSE:HSY) Ratings Coverage

Ratings analysis reveals 21% of The Hershey Company’s analysts are positive. Out of 19 Wall Street analysts rating The Hershey Company, 4 give it “Buy”, 3 “Sell” rating, while 12 recommend “Hold”. The lowest target is $82 while the high is $130. The stock’s average target of $105.64 is -3.32% below today’s ($109.27) share price. HSY was included in 56 notes of analysts from August 5, 2015. The firm has “Hold” rating given on Wednesday, October 25 by RBC Capital Markets. The stock has “Buy” rating by Argus Research on Wednesday, January 20. Deutsche Bank initiated it with “Hold” rating and $115 target in Wednesday, February 15 report. The stock of The Hershey Company (NYSE:HSY) has “Hold” rating given on Monday, October 31 by Stifel Nicolaus. The stock of The Hershey Company (NYSE:HSY) earned “Outperform” rating by Bernstein on Thursday, August 17. RBC Capital Markets maintained the shares of HSY in report on Friday, July 21 with “Hold” rating. As per Wednesday, June 14, the company rating was maintained by BMO Capital Markets. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 10. The stock of The Hershey Company (NYSE:HSY) earned “Hold” rating by Stifel Nicolaus on Monday, July 24. As per Tuesday, August 11, the company rating was downgraded by TheStreet.

More notable recent The Hershey Company (NYSE:HSY) news were published by: Reuters.com which released: “Hershey, Campbell bet nearly $6 billion on healthy snacks makers” on December 18, 2017, also Seekingalpha.com with their article: “Hershey – Adding Snacks With Amplify Snack Deal” published on December 21, 2017, Bloomberg.com published: “Hershey to Acquire SkinnyPop Owner Amplify for $921 Million” on December 18, 2017. More interesting news about The Hershey Company (NYSE:HSY) were released by: Investorplace.com and their article: “Why Hershey Co Stock Is Falling Today” published on January 10, 2018 as well as Pennlive.com‘s news article titled: “Hershey bids for Nestle in effort to solidify hold on US chocolate market” with publication date: January 08, 2018.

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