The Hershey CompanyNYSE
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  • Wed, Nov. 9, 5:55 PM
    • The company reported Q3 revenue of $196.2M, operating income of $55.7M, and net income of $33.5M. The only Street coverage at the moment is from SunTrust, and the team there was looking for $180.2M, $49.8M, and $16.4M, respectively.
    • Seeking Alpha contributor and Hostess (NASDAQ:TWNK) bull Dane Capital Management notes the stock trades at several EBITDA multiple turns lower than slower growth and lower margin peers like Hershey (NYSE:HSY) and Mondelez (NASDAQ:MDLZ).
    | Wed, Nov. 9, 5:55 PM | 4 Comments
  • Fri, Oct. 28, 12:30 PM
    • Food stocks are in celebratory mood today after Hershey (HSY +6.6%) posted pleasing earnings results and Dean Foods is reported to be on the radar of Chinese beverage giant Hangzhou Wahaha Group.
    • A lesser factor, but still a possible tailwind, was this morning's better-than-anticipated GDP print.
    • Notable gainers include TreeHouse Foods (THS +1.2%), J M Smucker (SJM +2%), Post Holdings (POST +2%), Campbell Soup (CPB +2.5%), Pinnacle Foods (PF +1.6%), Hain Celestial (HAIN +1.3%), General Mills (GIS +1.6%) and Mondelez International (MDLZ +2.5%).
    • The PowerShares Dynamic Food & Beverage ETF (NYSEARCA:PBJ) is up 1.12% to outpace broad market averages.
    | Fri, Oct. 28, 12:30 PM | 3 Comments
  • Fri, Oct. 28, 12:01 PM
    | Fri, Oct. 28, 12:01 PM
  • Fri, Oct. 28, 9:49 AM
    • Shares of Hershey (NYSE:HSY) are back over $100 after the company's solid earnings report increased the appetite of investors.
    • The profit beat was derived in part by cost cutting, including pulling back on some advertising.
    • "We continue to believe that candy, mint and gum is an attractive category capable of solid growth over the long term when supported with the right mix of customer and consumer marketing," tips Hershey management.
    • Hershey expects full-year EPS of $4.28 to $4.32 vs. $4.24 to $4.28 prior.
    • HSY +5.54% to $100.81.
    | Fri, Oct. 28, 9:49 AM | 4 Comments
  • Fri, Oct. 28, 7:02 AM
    • Hershey (NYSE:HSY): Q3 EPS of $1.29 beats by $0.10.
    • Revenue of $2.01B (+2.6% Y/Y) beats by $10M.
    • Shares +2% PM.
    • Press Release
    | Fri, Oct. 28, 7:02 AM
  • Thu, Oct. 27, 5:30 PM
    | Thu, Oct. 27, 5:30 PM | 2 Comments
  • Thu, Oct. 27, 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.
    | Thu, Oct. 27, 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
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  • Tue, Aug. 30, 9:15 AM
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  • 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