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The Hershey Company (HSY)

- NYSE
  • Yesterday, 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).
    | 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.
    | 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
    | 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.
    | 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.
    | 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.
    | 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)
    | 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.
    | 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
    | 5 Comments
  • Thu, Feb. 26, 7:01 PM
    • Patricia Little, currently the CFO of staffing services firm Kelly Services (NASDAQ:KELYA), has been named Hershey's (NYSE:HSY) new CFO, effective March 16.
    • Hershey's last permanent CFO, David Tacka, announced in September he'd be retiring by the end of 2014. Accounting chief Richard McConville has been serving as interim CFO.
    | Comment!
  • Thu, Feb. 19, 3:06 PM
    • New recommendations from the USDA's Dietary Guidelines Advisory Committee call for reduced consumption of sugar in the U.S. in order to help alleviate obesity.
    • tax on foods with high sugar content has been part of the discussion.
    • Analysis from the group on sugar supplement aspartame was mixed.
    • The consumption of sodas by children is of particular concern to the group which also issued broader guidelines on dietary health.
    • Food lobbyists are expected to challenge some of the proposals.
    • USDA press release
    • Related stocks: KRFT, MDLZ, PEP, KO, HSY, RMCF, MNST, TR.
    | 13 Comments
  • Wed, Feb. 18, 4:19 PM
    • Hershey (NYSE:HSY) presented today at the CAGNY conference.
    • Digital initiatives and a move toward healthier ingredients were two major themes of the talk.
    • A new $250M share repurchase agreement was unveiled by management.
    • The company also reiterated its previous guidance of 2015 revenue growth of 5.5% to 7.5% and EPS of $4.30-$4.38 vs. $4.36 consensus.
    • HSY closed today +1.0% with some late momentum.
    | 1 Comment
  • Fri, Jan. 30, 1:34 PM
    • Heshey's (HSY -0.7%) deal to buy Krave this week brings some new categories to the company.
    • Krave specializes in healthy snacks - including nuts, trail mixes, and jerky with no nitrates or artificial flavors.
    • A meat bar is planned from Krave later this year.
    • The deal price for the Krave acquisition wasn't disclosed by Hersey.
    | Comment!
  • Thu, Jan. 29, 7:33 AM
    • Hershey (NYSE:HSY) reports seasonal net sales in the North America were in line with expectations.
    • The company saw a 3.1 point benefit to sales growth in Q4 from higher prices.
    • Foreign exchange translation clipped 80 bps from sales growth.
    • Gross margin rate +30 bps to 44.1%, aided by lower input costs.
    • Net margin rate +60 bps to 10.1%.
    • HSY -2.7% premarket.
    | Comment!
  • Thu, Jan. 29, 7:23 AM
    • Hershey (NYSE:HSY) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 1.99%
    • Payable March 16; for shareholders of record Feb. 25; ex-div Feb. 23.
    | Comment!
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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