Insider Market Move: Why Michael Wege Unloaded 1,100 Shares of Hershey Co (NYSE:HSY)?

November 30, 2016 - By Hazel Jackson

Insider Market Move: Why Michael Wege Unloaded 1,100 Shares of Hershey Co (NYSE:HSY)?

Michael Wege Insider Sell

Michael Wege, SVP – GS – India – ME – Comm & CSR of Hershey Co, in an insider trade made a sale of 1,100 shares whose worth is estimated to be $107,878 at average stock price of $98.1. Currently, Mr. Michael, possess 27,763 shares, which accounts for 0.01% of the company’s market capitalization. More information about the transaction dated 30/11/2016, could be found freely obtainable in a document on the SEC website here.

Hershey Co (NYSE:HSY) Ratings Coverage

Out of 15 analysts covering The Hershey Company (NYSE:HSY), 2 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 13% are positive. $105 is the highest target while $82 is the lowest. The $92.70 average target is -5.10% below today’s ($97.68) stock price. The Hershey Company has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Wednesday, March 9, the company rating was upgraded by Tigress Financial. On Monday, July 11 the stock rating was downgraded by Tigress Financial to “Neutral”. The firm has “Market Perform” rating given on Wednesday, August 5 by Wells Fargo. The stock of Hershey Co (NYSE:HSY) has “Underperform” rating given on Tuesday, August 30 by Bank of America. On Tuesday, December 8 the stock rating was upgraded by Argus Research to “Buy”. Zacks upgraded the shares of HSY in a report on Wednesday, August 12 to “Sell” rating. The firm earned “Sector Perform” rating on Tuesday, January 26 by RBC Capital Markets. The stock of Hershey Co (NYSE:HSY) has “Buy” rating given on Wednesday, January 20 by Argus Research. JP Morgan upgraded Hershey Co (NYSE:HSY) rating on Wednesday, September 16. JP Morgan has “Overweight” rating and $100 price target. The stock has “Neutral” rating given by JP Morgan on Tuesday, September 6.

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.04, from 0.85 in 2016Q1. The ratio is negative, as 60 funds sold all Hershey Co shares owned while 233 reduced positions. 74 funds bought stakes while 175 increased positions. They now own 111.39 million shares or 6.18% less from 118.72 million shares in 2016Q1.

The Alabama-based Leavell Management Incorporated has invested 0.18% in Hershey Co (NYSE:HSY). Calamos Advsrs Limited Liability Co last reported 0.01% of its portfolio in the stock. Guardian Life Of America has invested 0% of its portfolio in Hershey Co (NYSE:HSY). Moreover, Royal Bancorporation Of Canada has 0.02% invested in Hershey Co (NYSE:HSY) for 336,093 shares. Hartford Fincl Management owns 2,324 shares or 0.16% of their US portfolio. Swiss Bancorporation owns 1.01M shares or 0.19% of their US portfolio. The Oklahoma-based Bokf Na has invested 0.02% in Hershey Co (NYSE:HSY). Moreover, Utah Retirement System has 0.08% invested in Hershey Co (NYSE:HSY) for 25,586 shares. Thrivent Fincl For Lutherans reported 117,690 shares or 0.06% of all its holdings. Keybank Association Oh accumulated 0.02% or 22,547 shares. Shell Asset Mgmt Communications last reported 82,713 shares in the company. Chevy Chase Tru last reported 124,033 shares in the company. Tiaa Cref Management Limited Liability Com holds 0.05% or 525,621 shares in its portfolio. Rothschild Investment Il has invested 0.04% of its portfolio in Hershey Co (NYSE:HSY). Central Bancshares And owns 30 shares or 0% of their US portfolio.

Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 10 selling transactions for $9.37 million net activity. Idrovo Javier H sold 6,448 shares worth $644,800. 40,128 Hershey Co (NYSE:HSY) shares with value of $4.10 million were sold by Turner Leslie M. Wege D Michael also sold $106,157 worth of Hershey Co (NYSE:HSY) shares. Buck Michele sold $1.45 million worth of stock or 13,500 shares. $1.30 million worth of shares were sold by WALLING KEVIN R on Monday, June 13.

About 426,601 shares traded hands. Hershey Co (NYSE:HSY) has risen 7.99% since April 27, 2016 and is uptrending. It has outperformed by 2.76% the S&P500.

The Hershey Company is a producer of chocolate and non-chocolate confectionery. The company has a market cap of $20.79 billion. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes. It has a 30.93 P/E ratio. The Firm operates through two divisions: North America, and International and Other.

According to Zacks Investment Research, “The Hershey Company is a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products. Hershey markets such well-known brands as Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat, Almond Joy, Mounds, York, Jolly Rancher, Twizzlers, and Ice Breakers as well as innovative new products such as Swoops and Hershey’s S’mores. Hershey also offers a variety of snack products to consumers, including Hershey’s Cookies, Mauna Loa macadamia nuts, and Hershey’s Snack Barz.”

Analysts await Hershey Co (NYSE:HSY) to report earnings on January, 26. They expect $1.09 earnings per share, up 0.93% or $0.01 from last year’s $1.08 per share. HSY’s profit will be $231.99M for 22.40 P/E if the $1.09 EPS becomes a reality. After $1.29 actual earnings per share reported by Hershey Co for the previous quarter, Wall Street now forecasts -15.50% negative EPS growth.

More news for Hershey Co (NYSE:HSY) were recently published by: Seekingalpha.com, which released: “Is Hershey Too Expensive?” on November 30, 2016. Fool.com‘s article titled: “Why Candy Stocks Like The Hershey Company Don’t Look So Sweet” and published on November 16, 2016 is yet another important article.

HSY Company Profile

The Hershey Company, incorporated on October 24, 1927, is a producer of chocolate and non-chocolate confectionery. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes. The Firm operates through two divisions: North America, and International and Other. The Firm markets, sells and distributes its products under approximately 80 brand names in over 70 countries across the world. The Company’s manufacturing facilities are located in Hershey and Lancaster, Pennsylvania; Monterrey, Mexico, and Stuarts Draft, Virginia. The United States, Canada and Mexico facilities support its North America segment, while the China and Malaysia facilities serve its International and Other segment. The Company’s clients are wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires and department stores.

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