Edition:
United States

Hershey Co (HSY.N)

HSY.N on New York Stock Exchange

100.30USD
9 Dec 2016
Change (% chg)

$1.86 (+1.89%)
Prev Close
$98.44
Open
$98.43
Day's High
$100.68
Day's Low
$98.21
Volume
316,383
Avg. Vol
378,499
52-wk High
$117.79
52-wk Low
$82.43

Latest Key Developments (Source: Significant Developments)

Mondelez raised bid for Hershey's to $115/share last week - CNBC, citing DJ
Monday, 29 Aug 2016 04:45pm EDT 

:Mondelez raised bid for Hershey's to $115/share last week before giving up; Hershey wanted at least $125 - CNBC, citing DJ.  Full Article

Mondelez International no longer pursuing combination with Hershey
Monday, 29 Aug 2016 04:08pm EDT 

Mondelez International Inc : Mondelez International Inc says it has ended discussions with Hershey Company regarding a possible combination of two companies .Taking into account shareholder developments at Hershey, determined that there is no actionable path forward toward an agreement.  Full Article

Hershey announces pricing of $500 mln notes due 2026 and $300 mln notes due
Tuesday, 2 Aug 2016 04:32pm EDT 

Hershey Co : The hershey company announces pricing of $500,000,000 2.300% notes due 2026 and $300,000,000 3.375% notes due 2046 . Intends to use part of proceeds to repay at maturity its $250 million aggregate principal amount of 5.45% notes due 2016 .Will also use proceeds to repay $250 million aggregate principal amount of 1.50% notes due 2016, fund buy of ripple brand collective.  Full Article

Hershey announces offering of notes due 2026 and notes due 2046
Tuesday, 2 Aug 2016 09:01am EDT 

Hershey Co : The Hershey Company announces offering of notes due 2026 and notes due 2046 . Intends to use net proceeds of notes offering to repay at maturity its $250 million aggregate principal amount of 5.45% notes due 2016 .Also intends to use net proceeds of notes offering to repay at maturity its $250 million aggregate principal amount of 1.50% notes due 2016.  Full Article

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

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Hershey profit beats estimates on U.S. demand, lower ad spending

Hershey Co , the maker of Hershey's Kisses and Reese's Peanut Butter Cups, posted a higher-than-expected quarterly profit as demand strengthened in the United States and the company spent less on advertising and marketing.