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The Hershey Company (HSY)

  • Fri, Jun. 19, 7:26 AM
    • Hershey (NYSE:HSY) announces it will cut 300 jobs by the end of the year.
    • The company says it will take a pretax charge of $100M to $120M to cover the job eliminations.
    • A global leadership team is being created by Hershey to tackle growth in emerging markets.
    • HSY -2.9% premarket after updating guidance earlier.
    | Fri, Jun. 19, 7:26 AM | 1 Comment
  • Fri, Jun. 19, 7:10 AM
    • Hershey (NYSE:HSY) estimates sales will increase 2.5% to 3.5% this year.
    • If currency fluctuations are backed out, sales are seen rising 6% to 7%.
    • The company's guidance takes into account new acquisitions and chocolate growth in China which is below expectations.
    • Full-year EPS is expected to be in a range of $4.10-$4.18 vs. $4.31 consensus.
    • HSY -2.99% premarket to $89.50.
    | Fri, Jun. 19, 7:10 AM | Comment!
  • Wed, Jun. 17, 3:26 AM
    • Beginning in 2018, companies will have to seek approval before they can put partially hydrogenated oils into foods, after the FDA said the ingredient should no longer be considered safe and laid out far-reaching restrictions.
    • While not a ban, the FDA's move marks the first restriction on trans fats at the national level. It first proposed the action in 2013.
    • Related tickers: Nestle (OTCPK:NSRGY), PepsiCo (NYSE:PEP), Tyson Foods (NYSE:TSN), Mondelez International (NASDAQ:MDLZ), Unilever (NYSE:UL), General Mills (NYSE:GIS), Kraft Foods (NASDAQ:KRFT), Kellogg (NYSE:K), Dean Foods (NYSE:DF), Campbell Soup (NYSE:CPB), Hormel (NYSE:HRL), Hershey (NYSE:HSY), Pilgrims Pride (NASDAQ:PPC).
    | Wed, Jun. 17, 3:26 AM | 7 Comments
  • Tue, Jun. 9, 10:43 PM
    • San Francisco is one step closer to becoming the first U.S. city to require warning labels on sugary drinks after government officials approved a new measure.
    • The San Francisco Board of Supervisors and Mayor still have to sign off on the anti-soda ordinances.
    • Some juice products, flavored milk products, and sports drinks will be included in the targeted beverage category if they contain a certain threshold of added sugar.
    • Health advocates say they will make a second run at passing a sugar tax in San Francisco. They are also aiming for a broader push beyond California on consumer sugar warnings.
    • The beverage industry has reacted to uneven demand in the U.S. for soda drinks in part with product innovation (craft, cane sugar, energy, protein) aimed at millennials.
    • Related stocks: KO, PEP, DPS, COT, MNST, OTCQB:JSDA, REED, FIZZ, HSY, DF,
    | Tue, Jun. 9, 10:43 PM | 56 Comments
  • Mon, Jun. 1, 12:49 PM
    • Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
    • Many Q1 earnings reports tipped off weakness at well-known F&B brands.
    • The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
    • A willingness of major retail chains such as Target (NYSE:TGT), Kroger (NYSE:KR), and Costco (NASDAQ:COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
    • Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
    | Mon, Jun. 1, 12:49 PM | 6 Comments
  • Mon, Apr. 27, 5:33 PM
    | Mon, Apr. 27, 5:33 PM | Comment!
  • Fri, Apr. 24, 7:00 AM
    • Apollo Global Management (NYSE:APO) and Dean Matropoulus are looking to sell Hostess after only holding the brand for about two years, according to the New York Post.
    • Sources indicate at least one buyer is willing to pay the $2B price tag.
    • Hostess was sold out of bankruptcy for $410M and now operates under a more cost-efficient structure.
    • Analysts think Hostess could be grown to a billion-dollar brand.
    • Snack rivals includes Mondelez International (NASDAQ:MDLZ), Hershey (NYSE:HSY), Flower Foods (NYSE:FLO), and Grupo Bimbo (OTCPK:GRBMF).
    | Fri, Apr. 24, 7:00 AM | 5 Comments
  • Thu, Apr. 23, 8:36 AM
    • Hershey (NYSE:HSY) reports net sales rose 4.6% excluding unfavorable foreign currency translation in Q1.
    • Segment sales: North America: $1.71B (+2.9%); International & other: $230.8M (+8.5%).
    • Adjusted gross margin rate improved 10 bps to 46.6%.
    • EBIT margin fell 200 bps to 20.3%.
    • FY2015 Guidance: Net sales: +4.5% to +5.5%; Gross margin rate: +155 bps to +165 bps; GAAP EPS: $4.17 to $4.28; Adjusted EPS: $4.30 to $4.38;
    • HSY -1.86% premarket.
    | Thu, Apr. 23, 8:36 AM | Comment!
  • Thu, Apr. 23, 7:10 AM
    • Hershey (NYSE:HSY): Q1 EPS of $1.09 misses by $0.07.
    • Revenue of $1.94B (+3.7% Y/Y) misses by $20M.
    • Press Release
    | Thu, Apr. 23, 7:10 AM | Comment!
  • Wed, Apr. 22, 5:30 PM
  • Mon, Apr. 20, 7:29 AM
    • Nomura Securities initiates coverage on Hershey (NYSE:HSY) with a Reduce rating.
    • The investment firm sets a price target of $88 amid concerns on earnings growth.
    • Shares of Hershey are down 3.52% YTD with F/X swings a factor due to the strong U.S. dollar.
    | Mon, Apr. 20, 7:29 AM | Comment!
  • Fri, Apr. 10, 1:02 PM
    • Hershey (HSY +0.1%) says it will source enough cocoa from sustainable sources to easily meet demand for chocolate brands Brookside, Kit Kat, Kisses, and Hershey's.
    • The sustainable sourced cocoa amount will continue to increase to reach a level that will include other global brands such as Reese's in 2017.
    • The company set some ambitious targets on cocoa sourcing earlier this year.
    | Fri, Apr. 10, 1:02 PM | Comment!
  • Thu, Apr. 2, 7:25 AM
    • The board at Hershey (NYSE:HSY) has appointed CEO John Bilbrey to be the Chairman of the Board on top of his current position.
    • The combination of the CEO and Chairman duties is a strong vote of confidence in Bilbrey.
    • Shares of Hershey have almost doubled since Bilbrey took the helm in 2011.
    | Thu, Apr. 2, 7:25 AM | Comment!
  • Thu, Mar. 26, 12:37 PM
    • Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
    • 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
    • Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
    • Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
    • Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
    • Previously: Investors snapping up food stocks (Mar. 25 2015)
    • Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
    • Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
    | Thu, Mar. 26, 12:37 PM | 11 Comments
  • Mon, Mar. 9, 7:00 AM
    • WhiteWave Foods (NYSE:WWAV) is in talks to buy U.K. firm Quorn, according to Sky News.
    • Quorn, which is owned by P-E firm Exponent Private Equity, distributes food to more than 2K Wal-Mart stores.
    • Hain Celestial (NASDAQ:HAIN) are Hershey (NYSE:HSY) have been mentioned as other potential bidders for Quorn.
    | Mon, Mar. 9, 7:00 AM | Comment!
  • Fri, Mar. 6, 10:46 AM
    • Global consumer staples stocks are weaker than market averages as concerns on market pricing and F/X sit in the background.
    • The 1.21% gain in the U.S. Dollar Index isn't going unnoticed by traders.
    • Notable decliners include General Mills (NYSE:GIS) -1.6%, Colgate-Palmolive (NYSE:CL) -2.0%, Unilever (NYSE:UL) -1.9%, General Mills (GIS) -1.8%, Mondelez International (NASDAQ:MDLZ) -1.9%, Post Holdings (NYSE:POST) -1.8%, Hershey (NYSE:HSY) -1.8%, Coca-Cola (NYSE:KO) -1.2%.
    • The Consumer Staples ETF (NYSEARCA:XLP) is down 1.2% versus S&P 500 -0.4%.
    • Other staples ETFs: VDC, FXG, RHS, FSTA, PSL, PSCC
    | Fri, Mar. 6, 10:46 AM | 5 Comments
Company Description
The Hershey Co is engaged in the manufacturing, marketing, selling and distributing chocolate and sugar confectionery products, pantry items, such as baking ingredients, toppings and beverages; and gum and mint refreshment products.
Industry: Confectioners
Country: United States