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Hershey Co (HSY.N)

HSY.N on New York Stock Exchange

110.76USD
4:00pm EDT
Change (% chg)

$-0.59 (-0.53%)
Prev Close
$111.35
Open
$111.05
Day's High
$111.80
Day's Low
$110.28
Volume
385,570
Avg. Vol
414,334
52-wk High
$117.79
52-wk Low
$82.41

Latest Key Developments (Source: Significant Developments)

Hershey updates on 2016 operational optimization program
Thursday, 28 Jul 2016 11:30am EDT 

Hershey Co : Hershey Co updates on 2016 operational optimization program - filing . Hershey Co expects to incur pre-tax costs of about $120 mln over 3-yrs, including about $65 mln in non-cash asset-related incremental depreciation costs . Hershey co says the operational optimization program is expected to drive annual savings of about $45 million by 2018 . Hershey Co - total pre-tax charges and costs for 2015 productivity initiative currently expected to be about $103 million . Hershey co says remaining costs for 2015 productivity initiative are expected to be incurred in Q3 2016 .  Full Article

Hershey Q2 adjusted eps $0.85
Thursday, 28 Jul 2016 07:00am EDT 

Hershey Co: Sees FY 2016 adjusted earnings per share $4.24 to $4.28 including items . Business productivity and cost savings programs are on track with our targets . Q2 China gross sales declined in line with expectations due to challenging macroeconomic and competitive environment . Sees FY constant currency net sales growth of around 2.0% due to expectation of lower U.S. CMG category growth over remainder of year . "over remainder of 2016, our cmg in-store merchandising, new products and consumer investment will be strong" . FY2016 earnings per share view $4.25 -- Thomson Reuters I/B/E/S . Quarter results; updates outlook for 2016 . Q2 earnings per share $0.68 . Q2 sales $1.638 billion versus i/b/e/s view $1.61 billion . Sees FY 2016 earnings per share $3.77 to $3.86 including items . Sees FY 2016 sales up about 1 percent . Q2 earnings per share view $0.78 -- Thomson Reuters I/B/E/S . Company expects fy gross margin to be slightly below last year due to unfavorable sales mix and higher commodity costs . China Chocolate Category retail sales sequentially improved in q2 versus trends in q1 . Increases quarterly dividend by 6 percent . Says board declared a quarterly dividend of $0.618 on common stock and $0.562 on class b common stock.  Full Article

Hershey Trust to reach settlement with Pennsylvania's attorney general to resolve probe, would lead to director resignations- CNBC, citing DJ
Friday, 22 Jul 2016 05:39pm EDT 

: Hershey trust to reach settlement with Pennsylvania's attorney general to resolve probe, would lead to director resignations -CNBC, citing DJ (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Moody's says interest from Mondelez is credit negative for A1/P-1 rated Hershey
Friday, 1 Jul 2016 12:22pm EDT 

: Moody's says interest from Mondelez is credit negative for A1/P-1 rated Hershey .Action does not currently affect its A1/P-1 ratings or stable outlook.  Full Article

Hershey rejects Mondelez takeover proposal - CNBC, citing DJ
Thursday, 30 Jun 2016 02:32pm EDT 

Hershey Rejects Mondelez Takeover Proposal :Hershey Rejects Mondelez Takeover Proposal - CNBC, citing DJ.  Full Article

Mondelez bid $107 per share for Hershey in cash plus stock offer - CNBC
Thursday, 30 Jun 2016 11:30am EDT 

: Mondelez bid $107 per share for Hershey in cash plus stock offer - CNBC, citing sources (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Mondelez pledging to protect jobs following merger, rename company Hershey- WSJ
Thursday, 30 Jun 2016 10:58am EDT 

:Mondelez is pledging to protect jobs following merger, locate its global chocolate headquarters in Hershey, Pa, rename company Hershey - WSJ.  Full Article

Mondelez has made takeover bid for Hershey - source familiar with the matter
Thursday, 30 Jun 2016 10:55am EDT 

: Mondelez has made takeover bid for Hershey- source familiar with the matter (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Mondelez has made takeover bid for Hershey- CNBC, citing DJ
Thursday, 30 Jun 2016 10:36am EDT 

: Mondelez has made takeover bid for Hershey- CNBC, citing DJ (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Hershey comments on FDA’s new nutrition labeling regulations
Friday, 20 May 2016 02:10pm EDT 

Hershey Co : "Will work diligently to make the necessary updates to our nutrition facts labels as requested by the FDA" Further company coverage: [HSY.N] ((Bengaluru Newsroom +1 646 223 8780;)).  Full Article

UPDATE 3-Pennsylvania attorney general announces Hershey trust reform deal

HARRISBURG, Penn., July 29 The Pennsylvania Attorney General's office on Friday unveiled the terms of a reform agreement with the charitable trust that controls Hershey Co that includes a 10-year term limit for trustees and limits on their compensation to $110,000.