Hershey Foods (HSY) Holder Franklin Street Advisors INC Has Trimmed Position

June 18, 2018 - By Hazel Jackson

The Hershey Company (NYSE:HSY) LogoInvestors sentiment decreased to 0.8 in 2018 Q1. Its down 0.33, from 1.13 in 2017Q4. It dropped, as 59 investors sold HSY shares while 227 reduced holdings. 58 funds opened positions while 170 raised stakes. 109.40 million shares or 2.05% more from 107.20 million shares in 2017Q4 were reported. Moreover, Silvercrest Asset Mngmt Grp Incorporated Ltd Liability has 0.04% invested in The Hershey Company (NYSE:HSY). Argent Trust accumulated 0.06% or 2,154 shares. California Employees Retirement Systems holds 0.06% or 401,268 shares in its portfolio. Waddell Reed holds 0.24% or 1.06 million shares. Symons Cap Management Inc has invested 4.32% in The Hershey Company (NYSE:HSY). Private Advisor Gp invested in 3,472 shares or 0.01% of the stock. Stratos Wealth Partners Limited invested 0.02% in The Hershey Company (NYSE:HSY). Ycg Limited Liability Company reported 122,892 shares. Daiwa Secs Group invested in 5,027 shares or 0% of the stock. Virginia Retirement Sys Et Al accumulated 118,900 shares or 0.14% of the stock. Apg Asset Mgmt Nv invested 0.29% in The Hershey Company (NYSE:HSY). Cap World Investors holds 4.64 million shares or 0.1% of its portfolio. Jane Street Group Lc has 0% invested in The Hershey Company (NYSE:HSY) for 3,784 shares. Buckingham Asset Management Llc invested in 4,633 shares. State Treasurer State Of Michigan reported 0.03% stake.

Since January 26, 2018, it had 0 buys, and 2 insider sales for $541,933 activity. Another trade for 5,450 shares valued at $497,313 was made by SHEDLARZ DAVID L on Thursday, May 24.

Franklin Street Advisors Inc decreased its stake in Hershey Foods (HSY) by 38.77% based on its latest 2018Q1 regulatory filing with the SEC. Franklin Street Advisors Inc sold 55,302 shares as the company’s stock declined 6.09% with the market. The hedge fund held 87,356 shares of the specialty foods company at the end of 2018Q1, valued at $8.65 million, down from 142,658 at the end of the previous reported quarter. Franklin Street Advisors Inc who had been investing in Hershey Foods for a number of months, seems to be less bullish one the $19.16B market cap company. The stock decreased 2.58% or $2.43 during the last trading session, reaching $91.57. About 1.05 million shares traded. The Hershey Company (NYSE:HSY) has declined 20.19% since June 18, 2017 and is downtrending. It has underperformed by 32.76% the S&P500.

Analysts await The Hershey Company (NYSE:HSY) to report earnings on July, 25. They expect $1.11 EPS, up 1.83 % or $0.02 from last year’s $1.09 per share. HSY’s profit will be $232.30 million for 20.62 P/E if the $1.11 EPS becomes a reality. After $1.41 actual EPS reported by The Hershey Company for the previous quarter, Wall Street now forecasts -21.28 % negative EPS growth.

More important recent The Hershey Company (NYSE:HSY) news were published by: Seekingalpha.com which released: “Credit Suisse sours on Hershey” on June 13, 2018, also Seekingalpha.com published article titled: “Recent Purchase: The Hershey Company”, Bizjournals.com published: “Why Hershey is uprooting this Bay Area food business for a headquarters move to Austin” on May 31, 2018. More interesting news about The Hershey Company (NYSE:HSY) was released by: Investorplace.com and their article: “10 Consumer Stocks on the Clearance Rack” with publication date: June 18, 2018.

The Hershey Company (NYSE:HSY) Ratings Coverage

Among 14 analysts covering Hershey Co (NYSE:HSY), 1 have Buy rating, 5 Sell and 8 Hold. Therefore 7% are positive. Hershey Co has $124.0 highest and $80 lowest target. $98.23’s average target is 7.27% above currents $91.57 stock price. Hershey Co had 22 analyst reports since December 19, 2017 according to SRatingsIntel. JP Morgan maintained The Hershey Company (NYSE:HSY) on Tuesday, April 24 with “Neutral” rating. The firm has “Sell” rating given on Friday, April 27 by Societe Generale. The rating was downgraded by Argus Research on Wednesday, May 2 to “Hold”. On Thursday, December 21 the stock rating was maintained by RBC Capital Markets with “Hold”. JP Morgan maintained it with “Neutral” rating and $106 target in Wednesday, February 14 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, April 24. UBS downgraded the shares of HSY in report on Tuesday, April 10 to “Sell” rating. Credit Suisse downgraded the shares of HSY in report on Friday, February 2 to “Hold” rating. The stock of The Hershey Company (NYSE:HSY) has “Underweight” rating given on Wednesday, January 10 by Morgan Stanley. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, April 18.

The Hershey Company (NYSE:HSY) Institutional Positions Chart

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