Procurement News Notice |
|
| PNN | 4934 |
| Work Detail | Hershey Co (HSY) : Mandatum Life Insurance Co Ltd scooped up 1,152 additional shares in Hershey Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 7,359 shares of Hershey Co which is valued at $820,308.Hershey Co makes up approximately 0.11% of Mandatum Life Insurance Co Ltd’s portfolio. Other Hedge Funds, Including , Jefferies Group reduced its stake in HSY by selling 13,246 shares or 90.61% in the most recent quarter. The Hedge Fund company now holds 1,372 shares of HSY which is valued at $152,937. Hershey Co makes up approx 0.01% of Jefferies Group’s portfolio.Morningstar Investment Services boosted its stake in HSY in the latest quarter, The investment management firm added 18,467 additional shares and now holds a total of 51,149 shares of Hershey Co which is valued at $5,710,786. Hershey Co makes up approx 0.18% of Morningstar Investment Services’s portfolio.New Mexico Educational Retirement Board boosted its stake in HSY in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 16,378 shares of Hershey Co which is valued at $1,809,441. Hershey Co makes up approx 0.08% of New Mexico Educational Retirement Board’s portfolio.Blb&b Advisors boosted its stake in HSY in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 3,695 shares of Hershey Co which is valued at $403,198. Hershey Co makes up approx 0.07% of Blb&b Advisors’s portfolio. Hershey Co opened for trading at $110.58 and hit $112 on the upside on Monday, eventually ending the session at $111.67, with a gain of 0.71% or 0.79 points. The heightened volatility saw the trading volume jump to 18,01,179 shares. Company has a market cap of $23,807 M. On the company’s financial health, Hershey Co reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.78. The company had revenue of $1637.70 million for the quarter, compared to analysts expectations of $1608.86 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. Many Wall Street Analysts have commented on Hershey Co. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 105 from a previous price target of $92 .Hershey Co was Downgraded by Argus to ” Hold” on Jul 5, 2016. The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Company’s principal confectionery offerings include chocolate and sugar confectionery products; pantry items such as baking ingredients toppings and beverages; snack items such as spreads and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures imports markets sells or distributes chocolate sugar confectionery and other products. This includes operations in Asia Latin America Europe Africa and the Middle East along with exports to these regions. This segment also includes its global retail operations including Hershey’s Chocolate World stores. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.themarketdigest.org/201608/mandatum-life-insurance-co-ltd-buys-820308-stake-in-hershey-co-hsy/3148702/ |
