Regulatory Filing: Hershey Co (HSY) Valuation Declined While Ycg LLC Lowered Stake by $3.96 Million

Regulatory Filing: Hershey Co (HSY) Valuation Declined While Ycg LLC Lowered Stake by $3.96 Million

Ycg Llc decreased its stake in Hershey Co (HSY) by 49.09% based on its latest 2016Q3 regulatory filing with the SEC. Ycg Llc sold 41,736 shares as the company’s stock declined 14.60% while stock markets rallied. The institutional investor held 43,286 shares of the specialty foods company at the end of 2016Q3, valued at $4.14M, down from 85,022 at the end of the previous reported quarter. Ycg Llc who had been investing in Hershey Co for a number of months, seems to be less bullish one the $22.56 billion market cap company. The stock is up 0.49% or $0.51 hitting $105.35, despite the negative news. About 328,410 shares traded hands. Hershey Co (NYSE:HSY) has risen 12.47% since June 7, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Ycg Llc is a Texas-based institutional investor with more than $279.00 million AUM in April, 2014. Taken from Ycg latest Adv, the fund reported to have 5 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q3. Its down 0.04, from 0.85 in 2016Q2. The ratio fall, as 74 funds sold all HSY shares owned while 226 reduced positions. 87 funds bought stakes while 157 increased positions. They now own 106.31 million shares or 4.56% less from 111.39 million shares in 2016Q2. Verition Fund Mngmt Limited Liability Company has 0.05% invested in the company for 4,721 shares. Pinebridge Limited Partnership accumulated 3,171 shares or 0.01% of the stock. Goldman Sachs Inc accumulated 605,702 shares or 0.02% of the stock. Plante Moran Fincl Advisors Lc owns 449 shares or 0.03% of their US portfolio. North Star Inv Mgmt Corp has 0% invested in the company for 150 shares. Bradley Foster & Sargent Inc Ct, a Connecticut-based fund reported 5,030 shares. Sage Group Inc Inc, a Pennsylvania-based fund reported 965 shares. Northern Tru, a Illinois-based fund reported 1.97M shares. Ubs Asset Americas Inc accumulated 0.06% or 560,867 shares. Tompkins Corporation has invested 0.01% of its portfolio in Hershey Co (NYSE:HSY). Signalpoint Asset Mngmt Ltd Liability Corp has 0.06% invested in the company for 2,554 shares. Kanawha Cap Lc has 0.05% invested in the company for 3,425 shares. Laffer has 12,143 shares for 0% of their US portfolio. Tarbox Gp owns 2,255 shares or 0.14% of their US portfolio. Amica Retiree Med Tru accumulated 1,038 shares or 0.08% of the stock.

Insider Transactions: Since July 15, 2016, the stock had 0 insider purchases, and 9 sales for $6.50 million net activity. The insider Wege D Michael sold 1,100 shares worth $113,927. Turner Leslie M sold $4.10 million worth of Hershey Co (NYSE:HSY) on Tuesday, November 8. Buck Michele sold 4,000 shares worth $412,000. $644,800 worth of Hershey Co (NYSE:HSY) was sold by Idrovo Javier H on Friday, October 28.

Analysts await Hershey Co (NYSE:HSY) to report earnings on January, 26. They expect $1.09 earnings per share, up 0.93% or $0.01 from last year’s $1.08 per share. HSY’s profit will be $233.42 million for 24.16 P/E if the $1.09 EPS becomes a reality. After $1.29 actual earnings per share reported by Hershey Co for the previous quarter, Wall Street now forecasts -15.50% negative EPS growth.

More news for Hershey Co (NYSE:HSY) were recently published by: Pennlive.com, which released: “Hershey Co. names central Pa. woman as new CEO” on December 21, 2016. Equitiesfocus.com‘s article titled: “Hershey Co (NYSE:HSY) Specifies Dividend Payout At $0.618” and published on January 10, 2017 is yet another important article.

According to Zacks Investment Research, “The Hershey Company is a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products. Hershey markets such well-known brands as Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat, Almond Joy, Mounds, York, Jolly Rancher, Twizzlers, and Ice Breakers as well as innovative new products such as Swoops and Hershey’s S’mores. Hershey also offers a variety of snack products to consumers, including Hershey’s Cookies, Mauna Loa macadamia nuts, and Hershey’s Snack Barz.”

Hershey Co (NYSE:HSY) Ratings Coverage

Out of 17 analysts covering The Hershey Company (NYSE:HSY), 3 rate it a “Buy”, 4 “Sell”, while 10 “Hold”. This means 18% are positive. The Hershey Company has been the topic of 30 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Friday, January 6, the company rating was upgraded by Credit Suisse. The company was upgraded on Tuesday, December 8 by Argus Research. The firm has “Neutral” rating by Tigress Financial given on Monday, July 11. The stock of Hershey Co (NYSE:HSY) has “Hold” rating given on Tuesday, August 11 by TheStreet. The firm has “Buy” rating given on Thursday, October 27 by Citigroup. The firm has “Hold” rating given on Monday, August 10 by Deutsche Bank. The company was downgraded on Wednesday, August 5 by Wells Fargo. The firm earned “Hold” rating on Monday, October 31 by Stifel Nicolaus. As per Wednesday, August 12, the company rating was upgraded by Zacks. As per Tuesday, August 30, the company rating was initiated by Bank of America.

HSY Company Profile

The Hershey Company, incorporated on October 24, 1927, is a producer of chocolate and non-chocolate confectionery. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes. The Firm operates through two divisions: North America, and International and Other. The Firm markets, sells and distributes its products under approximately 80 brand names in over 70 countries across the world. The Company’s manufacturing facilities are located in Hershey and Lancaster, Pennsylvania; Monterrey, Mexico, and Stuarts Draft, Virginia. The United States, Canada and Mexico facilities support its North America segment, while the China and Malaysia facilities serve its International and Other segment. The Company’s clients are wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires and department stores.

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