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The Hershey Company (HSY)

  • 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)
  • 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
  • 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.
  • 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!
  • Thu, Jan. 29, 7:10 AM
    • Hershey (NYSE:HSY): Q4 EPS of $1.04 misses by $0.02.
    • Revenue of $2.01B (+2.6% Y/Y) misses by $60M.
    • Press Release
    | Comment!
  • Wed, Jan. 28, 5:30 PM
  • Wed, Jan. 28, 10:28 AM
    • Hershey (HSY +0.4%) is improvising in order to make up for lost impulse buying as more consumers shop online or use self-checkouts at stores, a top exec tells CPGmatters.
    • The company plans to test new locations for vending machine, place dispensers near checkout lines, and add strategic kiosks in order to bring impulse buying back into the equation.
    | Comment!
  • Sat, Jan. 17, 12:45 PM
    • Milk prices are in a downward trend with an excess of supply on the international market.
    • The supply is so far beyond expectations that some U.S. cooperatives have directed farms to pour out part of their inventory.
    • A reduced level of milk imports from China and Russia has been a factor in the market.
    • Food companies are seeing a quicker benefit from the milk price decline than consumers, although analysts anticipate lower prices at grocery and C-stores stores in 2015.
    • Milk price data (consumers) vs. milk futures chart
    • Related ETFs: MOO.
  • Tue, Jan. 13, 1:04 PM
    • Barclays sees dividend payouts on the S&P 500 increasing 7% this year to reach a yield of close to 2%.
    • The investment firm recommends buying shares of companies in the index poised for top-line growth and dividend payout boosts.
    • At least 6 consumer products/services companies make the Barclays list of attractive dividend stocks.
    • Hershey (NYSE:HSY): 2.01% yield
    • Yum Brands (NYSE:YUM): 2.24% yield
    • PepsiCo (NYSE:PEP): 2.70% yield
    • Lorillard (NYSE:LO): 3.80% yield
    • Wyndham Worldwide (NYSE:WYN): 1.63% yield
    • Macy's (NYSE:M): 1.89% yield
  • Dec. 18, 2014, 7:02 AM
    • Olam's $1.3B deal to buy rival Archer Daniels Midland's cocoa processing business may reduce liquidity in the cocoa bean trade, raising concerns about volatile prices and a potential shake-up of customer relationships.
    • Olam buys around 500K tonnes of cocoa annually, and it said it will increase its processing capacity to more than 700K tonnes, or 16% of world supply, with this deal.
    • This could force users supplied by Olam to look elsewhere for many of their beans, putting a strain on prices.
    • Related stocks: MDLZ, HSY, OTCPK:NSRGY, OTC:BYCBF
    • ETFs: NIB, CHOC
    • Previously: ADM to sell global cocoa business to Olam International for $1.3B (Dec. 15 2014)
    | Comment!
  • Dec. 5, 2014, 4:15 PM
    • A damaging frost in Turkey has pushed up the price of hazelnuts dramatically with stockpiles low.
    • The hazelnut crisis comes on top of elevated cocoa costs for chocolate bar makers over the last two years.
    • Though chocolate prices have been lifted by producers, analysts don't see all the cost inflation being passed on to consumers.
    • Chocolate bar makers: Fererro, Mondelez International (NASDAQ:MDLZ), Hershey (NYSE:HSY), Nestle (OTCPK:NSRGY), Rocky Mountain Chocolate Factory (NASDAQ:RMCF).
    | 1 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