Hershey Company (HSY) Holder Marathon Asset Management Llp Lifted Stake

April 17, 2018 - By Vivian Currie

The Hershey Company (NYSE:HSY) LogoInvestors sentiment increased to 1.13 in Q4 2017. Its up 0.07, from 1.06 in 2017Q3. It improved, as 49 investors sold HSY shares while 191 reduced holdings. 78 funds opened positions while 193 raised stakes. 107.20 million shares or 0.23% more from 106.96 million shares in 2017Q3 were reported. Smithfield Tru reported 0.17% of its portfolio in The Hershey Company (NYSE:HSY). The Illinois-based Envestnet Asset has invested 0% in The Hershey Company (NYSE:HSY). Seaward Mgmt Limited Partnership holds 0.03% of its portfolio in The Hershey Company (NYSE:HSY) for 5,375 shares. Ohio-based Carnegie Capital Asset Mngmt Limited Liability has invested 0.03% in The Hershey Company (NYSE:HSY). Greenwood Capital Assocs Ltd invested in 2,930 shares. Iowa Commercial Bank reported 3,228 shares. Tradewinds Lc has 206 shares. Clean Yield Gru reported 2,500 shares. Davenport And Ltd has 0.01% invested in The Hershey Company (NYSE:HSY) for 4,776 shares. Moreover, Columbia Asset Mgmt has 0.16% invested in The Hershey Company (NYSE:HSY) for 4,788 shares. Blackrock reported 0.07% of its portfolio in The Hershey Company (NYSE:HSY). Wallace Cap Mngmt has invested 0.24% in The Hershey Company (NYSE:HSY). Mirae Asset Global Invests Co Limited has 25,697 shares. Pggm Invests owns 424,000 shares. Strs Ohio reported 14,421 shares.

Since January 26, 2018, it had 0 insider purchases, and 1 insider sale for $44,620 activity.

Bruce J. Richards increased its stake in Hershey Company (HSY) by 39.25% based on its latest 2017Q4 regulatory filing with the SEC. Marathon Asset Management Llp bought 477,539 shares as the company’s stock declined 14.93% with the market. The hedge fund run by Bruce J. Richards held 1.69 million shares of the specialty foods company at the end of 2017Q4, valued at $192.32 million, up from 1.22 million at the end of the previous reported quarter. Marathon Asset Management Llp who had been investing in Hershey Company for a number of months, seems to be bullish on the $20.38B market cap company. The stock increased 0.05% or $0.045 during the last trading session, reaching $96.845. About 140,647 shares traded. The Hershey Company (NYSE:HSY) has declined 9.67% since April 17, 2017 and is downtrending. It has underperformed by 21.22% the S&P500.

Marathon Asset Management Llp, which manages about $50.94 billion and $6.49 billion US Long portfolio, decreased its stake in Waters Corp (NYSE:WAT) by 76,365 shares to 588,384 shares, valued at $113.67M in 2017Q4, according to the filing. It also reduced its holding in Praxair Inc (NYSE:PX) by 68,936 shares in the quarter, leaving it with 1.11M shares, and cut its stake in Paypal Holdings Inc.

The Hershey Company (NYSE:HSY) Ratings Coverage

Among 14 analysts covering Hershey Co (NYSE:HSY), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Hershey Co has $130 highest and $9000 lowest target. $105.50’s average target is 8.94% above currents $96.845 stock price. Hershey Co had 19 analyst reports since October 25, 2017 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Wednesday, October 25. The stock of The Hershey Company (NYSE:HSY) has “Neutral” rating given on Wednesday, February 14 by JP Morgan. The rating was maintained by Citigroup with “Buy” on Friday, October 27. The stock of The Hershey Company (NYSE:HSY) has “Neutral” rating given on Friday, October 27 by UBS. RBC Capital Markets maintained The Hershey Company (NYSE:HSY) rating on Tuesday, January 30. RBC Capital Markets has “Hold” rating and $120.0 target. Goldman Sachs downgraded The Hershey Company (NYSE:HSY) rating on Tuesday, January 16. Goldman Sachs has “Sell” rating and $101.0 target. The firm earned “Underweight” rating on Wednesday, January 10 by Morgan Stanley. Credit Suisse downgraded the shares of HSY in report on Friday, February 2 to “Hold” rating. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 1. RBC Capital Markets maintained The Hershey Company (NYSE:HSY) rating on Thursday, December 21. RBC Capital Markets has “Hold” rating and $122.0 target.

The Hershey Company (NYSE:HSY) Institutional Positions Chart

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