Economy

Morgan Stanley Downgrades Hershey (HSY) to Underweight

The institutional investor held 265,662 shares of the consumer services company at the end of 2017Q3, valued at $48.18 million, up from 45,900 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 $23.24B market cap company. The stock increased 0.88% or $0.97 during the last trading session, reaching $111.28. About 3.77M shares traded. It has outperformed by 6.84% the S&P500. Kanawha Capital Management LLC now owns 3,451 shares of the company's stock worth $377,000 after buying an additional 12 shares during the period. Profund Advisors LLC now owns 3,397 shares of the company's stock worth $371,000 after buying an additional 23 shares during the last quarter. Evercore Trust Company N.A. acquired a new stake in shares of Hershey in the 3rd quarter worth approximately $105,956,000. The stock increased 0.45% or $0.25 during the last trading session, reaching $55.2. About 185,472 shares traded. (NASDAQ:AAL) has risen 40.65% since January 26, 2017 and is uptrending. It has outperformed by 58.64% the S&P500. Susquehanna Bancshares set a $113.00 price target on shares of Hershey and gave the company a "hold" rating in a report on Monday, December 18th. Therefore 20% are positive. Goldman Sachs Group cut Hershey from a "neutral" rating to a "sell" rating and set a $101.00 price target on the stock.in a research report on Tuesday, January 16th. The firm earned "Buy" rating on Monday, August 10 by Topeka Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, March 2 with "Sector Perform". Hershey Company (The) has an average rating of "Hold" and a consensus price target of $109.14. BMO Capital Markets maintained The Hershey Company (NYSE:HSY) on Wednesday, September 6 with "Hold" rating. The stock has "Buy" rating by KeyBanc Capital Markets on Friday, November 17. The stock of The Hershey Company (NYSE:HSY) has "Sell" rating given on Tuesday, January 16 by Goldman Sachs. BMO Capital Markets maintained it with "Hold" rating and $10500 target in Wednesday, June 14 report. On Tuesday, December 1 the stock rating was reinitiated by Jefferies with "Hold". Societe Generale upgraded The Hershey Company (NYSE:HSY) on Tuesday, February 28 to "Hold" rating. The company's revenue was up 1.5% on a year-over-year basis. equities research analysts anticipate that Hershey Co will post 4.8 EPS for the current year. Exxonmobil Invest Tx stated it has 25,805 shares or 0.07% of all its holdings. MSCI's profit will be $89.17 million for 34.87 P/E if the $0.99 EPS becomes a reality. After $1.00 actual earnings per share reported by MSCI Inc. for the previous quarter, Wall Street now forecasts -1.00% negative EPS growth.

Since August 15, 2017, it had 0 insider purchases, and 8 insider sales for $956.20 million activity. HERSHEY TRUST CO had sold 4.50M shares worth $477.05 million on Thursday, August 24.

In other news, insider Michele Buck sold 400 shares of the firm's stock in a transaction on Tuesday, December 26th. $1.67 million worth of stock was sold by Idrovo Javier H on Wednesday, October 11.

Hershey declared that its Board of Directors has authorized a stock buyback plan on Thursday, October 26th that authorizes the company to repurchase $100.00 million in shares.

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.16, from 1.16 in 2017Q2.

Steward Partners Investment Advisory LLC reduced its holdings in shares of Hershey Co (NYSE:HSY) by 11.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. Barclays Public Ltd Co accumulated 74,958 shares. Fulton National Bank & Trust Na owns 0.11% invested in The Hershey Company (NYSE:HSY) for 13,405 shares. Texas Yale Cap has 5,935 shares for 0.06% of their portfolio. The Quebec - Canada-based Hexavest Incorporated has invested 0% in The Hershey Company (NYSE:HSY). Fruth Investment Mngmt holds 1.99% or 39,824 shares in its portfolio. Stonebridge Capital Advisors Limited Liability Corporation, a Minnesota-based fund reported 12,118 shares. Commerzbank Aktiengesellschaft Fi invested in 0.01% or 4,870 shares. Ibm Retirement Fund has 2,087 shares. The institutional investor held 324,000 shares of the health care company at the end of 2017Q3, valued at $28.89M, up from 150,000 at the end of the previous reported quarter. Logan Cap Management reported 0.44% stake. Asset has 0.27% invested in The Hershey Company (NYSE:HSY). Northwestern Mutual Wealth Management Co. raised its holdings in Hershey by 0.5% during the second quarter. The stock has "Buy" rating by Deutsche Bank on Thursday, October 6. Therefore 67% are positive. Netflix had 214 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Buy" rating by Citigroup given on Friday, November 18. The firm earned "Sector Perform" rating on Monday, February 6 by RBC Capital Markets. The rating was maintained by Piper Jaffray on Thursday, October 19 with "Buy".

Analysts await Encana Corporation (NYSE:ECA) to report earnings on February, 15. The stock of Hancock Holding Company (NASDAQ:HBHC) earned "Outperform" rating by FIG Partners on Monday, August 31.

Investors sentiment increased to 2.94 in 2017 Q3. Its down 0.15, from 1.25 in 2017Q2. Shares for $162,523 were sold by ROBINSON RAY M. 29 funds opened positions while 71 raised stakes. Corporate insiders own 0.92% of the company's stock. The company has a market cap of $22.28 billion, a P/E ratio of 33.50 and a beta of 0.38. Arizona State Retirement holds 0.14% or 108,252 shares in its portfolio. (NASDAQ:ONCE). Wisconsin-based Timpani Mgmt Ltd has invested 0.84% in Spark Therapeutics, Inc. Insiders sold a total of 16,717 shares of company stock valued at $1,811,009 over the last three months. The Switzerland-based Credit Suisse Ag has invested 0.01% in Hancock Holding Company (NASDAQ:HBHC). Carnegie Asset Mngmt reported 2,200 shares. Strs Ohio holds 20,627 shares or 0.01% of its portfolio. Trust Com Of Vermont accumulated 0.03% or 2,650 shares. Fjarde Ap accumulated 0.06% or 30,378 shares.



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