Hershey Co (NYSE:HSY) Q3 2017 Sentiment

January 13, 2018 - By Michael Collier

 Hershey Co (NYSE:HSY)  Q3 2017 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 is better, as 259 investment managers opened new or increased holdings, while 245 reduced and sold holdings in Hershey Co. The investment managers in our partner’s database now possess: 106.96 million shares, down from 107.85 million shares in 2017Q2. Also, the number of 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 EPS, down 8.55 % or $0.10 from last year’s $1.17 per share. HSY’s profit will be $225.45M for 25.53 P/E if the $1.07 EPS becomes a reality. After $1.33 actual EPS 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 buys, 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. Berenberg initiated The Hershey Company (NYSE:HSY) rating on Thursday, January 5. Berenberg has “Sell” rating and $90 target. The rating was downgraded by Morgan Stanley on Wednesday, January 10 to “Underweight”. The firm earned “Buy” rating on Wednesday, January 20 by Argus Research. Susquehanna maintained the stock with “Hold” rating in Wednesday, July 26 report. The firm has “Hold” rating by TheStreet given on Tuesday, August 11. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, June 23. The firm has “Hold” rating given on Thursday, June 15 by Susquehanna. Argus Research upgraded The Hershey Company (NYSE:HSY) on Thursday, February 16 to “Buy” rating. The rating was upgraded by Berenberg to “Hold” on Monday, December 18. The company was upgraded on Tuesday, February 28 by Societe Generale.

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

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