The Hershey CompanyNYSE
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  • Yesterday, 5:30 PM
    | Yesterday, 5:30 PM | 2 Comments
  • Yesterday, 9:58 AM
    • Citigroup upgrades Hershey (HSY +0.5%) to a Buy rating after having the food stock set at Neutral.
    • The investment firm reduces its price target on Hershey to $110 from $115 to adjust for the depressed trading level.
    • Still lying underneath the company's issues with the Hershey Trust is speculation of a merger with Mondelez International off in the future.
    | Yesterday, 9:58 AM | 4 Comments
  • Fri, Oct. 14, 4:21 PM
    • The Hershey Company (NYSE:HSY) declares $0.618/share quarterly dividend, in line with previous.
    • Forward yield 2.56%
    • Payable Dec. 15; for shareholders of record Nov. 23; ex-div Nov. 21.
    | Fri, Oct. 14, 4:21 PM
  • Fri, Oct. 14, 12:48 PM
    • A merger between Hershey (HSY +0.8%) and Mondelez International (MDLZ +0.8%) is seen by Stifel Nicolaus analyst Christopher Growe as unlikely to occur until 2018.
    • Growe thinks the Hershey Trust won't be in a position to evaluate an offer until at least then.
    • Shares of Hershey are higher on the day after Hershey announced the resignation of CEO John Bilbrey.
    • Source: Bloomberg News
    • Previously: Hershey confirms CEO retirement, backs guidance (Oct. 14)
    | Fri, Oct. 14, 12:48 PM | 12 Comments
  • Fri, Oct. 14, 7:30 AM
    • Hershey (NYSE:HSY) confirms the retirement of CEO John Bilbrey from the company on July 1, 2017. Bilbrey will continue as non-executive chairman of Hershey’s Board of Directors following his retirement.
    • The food giant says the board has appointed a special committee to review internal and external candidates in the search for a new CEO.
    • In addition to the CEO development, Hershey also reaffirms its full-year 2016 outlook tipped back with its Q2 report.
    • Shares of Hershey are up 7.2% YTD to easily outperform the PowerShares Dynamic Food & Beverage ETF.
    • Previously: Reuters: Hershey CEO prepares to step down (Oct. 14)
    • Source: Press Release
    | Fri, Oct. 14, 7:30 AM | 9 Comments
  • Fri, Oct. 14, 1:44 AM
    • Hershey (NYSE:HSY) CEO John Bilbrey is preparing to step down by next summer, Reuters reports, and the chocolate maker's board has formed a committee to find his successor.
    • The move comes less than three months after the charitable trust that controls Hershey reached a major reform agreement with its overseer, the Pennsylvania attorney general's office, raising questions about its future plans for the company.
    | Fri, Oct. 14, 1:44 AM | 2 Comments
  • Tue, Sep. 20, 8:14 AM
    • Hershey Company (NYSE:HSY) announces retail takeaway and market share results for the 4-week period ended September 10, derived from its own proprietary sources.
    • The company is taking the extraordinary step due to a tracking issue at Nielsen that may have affected data from that firm.
    • Hershey says U.S. retail takeaway (candy, mint, gum, salty snacks, meat snacks, grocery) in the expanded all outlet combined plus convenience store channels (xAOC+C-store) increased about 1.9%, resulting in a market share increase of 20 basis points.
    • Nielsen's statement on the issue: "Regarding The Hershey Company's retail takeaway and market share results announced on September 20, the tracking issue referenced stemmed from reported retail point-of-sale data provided by one of our retail cooperators. These data discrepancies were identified in two categories: Candy and Tobacco for data captured on August 13, 2016 through September 10, 2016. Nielsen is working closely with this retail cooperator to expedite a resolution and will send out corrected data as soon as it is available."
    • Source: Press Release
    | Tue, Sep. 20, 8:14 AM | 8 Comments
  • Tue, Aug. 30, 12:00 PM
    | Tue, Aug. 30, 12:00 PM
  • Tue, Aug. 30, 9:15 AM
    | Tue, Aug. 30, 9:15 AM
  • Mon, Aug. 29, 5:38 PM
    • Top gainers, as of 5.25 p.m.: CZR +4.7%. MCUR +4.0%. SPU +3.6%. INO +2.5%. CSTM +1.8%.
    • Top losers, as of 5.25p.m.: SCSC -11.5%. HSY -11.4%. CTLT -4.7%. NIHD -3.2%. PBT -2.9%.
    | Mon, Aug. 29, 5:38 PM
  • Mon, Aug. 29, 4:15 PM
    • Mondelez International (NASDAQ:MDLZ) announces it has ended discussions with Hershey (NYSE:HSY) regarding a potential merger after factoring in recent shareholder developments at the candy company.
    • “We remain focused on successfully executing our strategy to deliver both sustainable top-line growth and significant margin expansion and are well-positioned to continue to deliver value to our shareholders,” says CEO Irene Rosenfeld.
    • Shares of Hershey are down 9.8% AH. MDLZ is inactive.
    • Source: Press Release
    | Mon, Aug. 29, 4:15 PM | 53 Comments
  • Thu, Aug. 18, 9:08 AM
    • Shares of Gores Holdings (NASDAQ:GRSH) are on watch after an article by SA contributor Dane Capital Management points to the enormous upside of the merger with Hostess Brands.
    • Despite a couple of trips down bankruptcy lane, Hostess is now well-positioned with no legacy pension liabilities and a leaner manufacturing setup. Dane notes that valuation compared to food peers (MDLZ, HSY, WWAV, OTCQX:DANOY) looks attractive. The firm also pulls out some Black-Scholes analysis in evaluating the GRSH warrants.
    • Hostess is more mainstream than some may think. A recent issue of Walmart Today featured Deep-Fried Twinkies in all their splendor.
    | Thu, Aug. 18, 9:08 AM | 1 Comment
  • Wed, Aug. 10, 3:08 AM
    • The board of the $12B charitable trust that controls Hershey (NYSE:HSY) will meet this week to discuss appointing new members, as it embarks on its biggest overhaul in more than a decade.
    • It recently agreed with the Pennsylvania AG's office to recruit members with experience in financial investments, education and social care - a requirement that could influence its stance on any renewed bid by Mondelez (NASDAQ:MDLZ) for Hershey.
    | Wed, Aug. 10, 3:08 AM | 5 Comments
  • Mon, Aug. 1, 9:12 AM
    • A leaked memo paints a disturbing picture of internal squabbling at the Hershey (NYSE:HSY) Trust.
    • The memo referred to a ploy called a "suicide parachute" and suggested Hershey board members executed improper trades.
    • HSY -0.54% premarket to $110.16.
    | Mon, Aug. 1, 9:12 AM | 7 Comments
  • Fri, Jul. 29, 1:59 PM
    • The Pennsylvania Attorney General's office struck a deal with the trust that controls Hershey (HSY -0.7%) over its board representation.
    • Four board members will exit by the end of this year and two more by the end of 2017. Limits on service and compensation for board members are now in place.
    • PA Office of Attorney General press release
    | Fri, Jul. 29, 1:59 PM | 1 Comment
  • Thu, Jul. 28, 10:19 AM
    • Hershey (HSY +2.1%) reports net sales rose 4.5% on a constant currency basis in Q2.
    • Volume contributed 3.1 percentage point of growth in the quarter.
    • Segment sales: North America: $1.45B (+3.2%); International & other: $192.8M (+7.6%).
    • Retail chocolate sales in China improved sequentially.
    • Adjusted gross margin rate fell 120 bps to 45.5% due to higher commodity and other supply chain costs and unfavorable sales mix.
    • Adjusted operating margin rate dropped 20 bps to 18.1%.
    • FY2016 Guidance: Net sales: ~+1% (~+2% on a constant currency basis); Gross margin: slightly down Y/Y; GAAP EPS: $3.77 to $3.86; Adjusted EPS: $4.24 to $4.28 (+3% to +4%).
    | Thu, Jul. 28, 10:19 AM