Scharf Investments LLC Stake in Hershey Co (HSY) Increased by $22.47 Million

The Hershey Company (NYSE:HSY) Corporate LogoDuring Q2 2018 the big money sentiment increased to 0.92. That’s change of 0.12, from 2018Q1’s 0.8. 45 investors sold all, 215 reduced holdings as HSY ratio improved. 165 rose positions while 75 funds bought positions. Funds hold 107.15 million shares thus 2.06% less from 2018Q1’s 109.40 million shares. E&G Lp holds 0.17% or 4,300 shs. Global Endowment Mgmt Lp stated it has 68,300 shs or 0.83% of all its holdings. Boston Private Wealth Ltd Liability Corporation invested 0.05% of its capital in The Hershey Company (NYSE:HSY). Bridges Invest Mngmt invested in 4,000 shs. Kentucky Retirement Insur Tru Fund has invested 0.06% of its capital in The Hershey Company (NYSE:HSY). Lincoln Cap Ltd Liability Co holds 3,321 shs or 0.17% of its capital. Toronto Dominion National Bank & Trust has 93,297 shs for 0.02% of their capital. Public Employees Retirement Association Of Colorado has invested 0.02% in The Hershey Company (NYSE:HSY). Quantbot Technology LP stated it has 0.2% of its capital in The Hershey Company (NYSE:HSY). Moreover, Blackhill has 0.01% invested in The Hershey Company (NYSE:HSY). Invesco holds 1.61 million shs. Moreover, Private Advisor Group Inc Limited Company has 0.01% invested in The Hershey Company (NYSE:HSY). Gamco Inc Et Al reported 0% of its capital in The Hershey Company (NYSE:HSY). Welch & Forbes Ltd has invested 0.01% of its capital in The Hershey Company (NYSE:HSY). Massmutual Fsb Adv reported 135 shs.

HSY had 10 sales and 1 insider purchase since July 20, 2018. This’s net activity of $964.48 million. 1,500 The Hershey Company (NYSE:HSY) shs with value of $154,230 were sold by Buck Michele. On Wednesday, November 7 Shares for $478.35 million were sold by HERSHEY TRUST CO. 2,000 shs were bought by Tillemans Todd W, worth $214,640 on Tuesday, November 6. $478.35 million worth of The Hershey Company (NYSE:HSY) shs were sold by HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL. On Friday, August 17 WALLING KEVIN R sold $3.12 million worth of The Hershey Company (NYSE:HSY).

Scharf Investments Llc upped its stake by 19.49% in Hershey Co (HSY), according to 2018Q2 SEC form. The company’s stock rose 16.22% with the market as Scharf Investments Llc bought 241,662 shares. The specialty foods company announced $137.85 million value for the 2018Q2. Now the institutional investor is holding 1.48 million shares, compared to the 1.24 million from the previous quarter. $22.14B is the MC of Hershey Co. HSY hit $105.51 during the last trading session after $2.59 change.The Hershey Company has volume of 411,174 shares. Since December 6, 2017 HSY has declined 3.25% and is downtrending. The stock underperformed the S&P500 by 18.87%.

Scharf Investments Llc manages about $2.69B and $2.80B US Long portfolio. According to a filing the fund decreased its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 1.30M shares to 833,820 shares, valued at $65.87M in 2018Q2. For a total of 983,902 shares it reduced its holding in Cerner Corp (NASDAQ:CERN) by 234,553 shares in the quarter, and has cut its stake in Cdk Global Inc (NASDAQ:CDK).

For more The Hershey Company (NYSE:HSY) news brought out recently go to: Investorplace.com, Twst.com, Themiddlemarket.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “10 Defensive Stocks to Protect Your Portfolio in 2019 – Investorplace.com” brought out on December 04, 2018, “Queens Oak Advisors Reveals Top Picks for 2019 and Beyond – The Wall Street Transcript” on December 03, 2018, “M&A wrap: CPPIB, Berlin Packaging, Oak Hill, Keiter Advisors, HIG | Mergers & Acquisitions – Mergers & Acquisitions” with a publish date: November 29, 2018, “Hershey: Still Not Convinced – Seeking Alpha” and the last “The Hershey Company: Trick Or Treat? – Seeking Alpha” with publication date: October 15, 2018.

The Hershey Company (NYSE:HSY) Ratings Coverage

A total of 5 analysts rate Hershey (NYSE:HSY) as follows: 0 “Buy”, 4 “Hold” and 1 “Sell”. Š¢herefore 0 are bullish. (NYSE:HSY) has 7 ratings reports on 6 Dec 2018 according to StockzIntelligence. The stock rating was maintained by Susquehanna with “Neutral” on Tuesday, October 23. The stock rating was downgraded by Credit Suisse to “Underperform” on Wednesday, June 13. On Friday, July 27 Morgan Stanley maintained The Hershey Company (NYSE:HSY) with “Underweight” rating. On Friday, July 27 PiperJaffray maintained The Hershey Company (NYSE:HSY) with “Neutral” rating. The company rating was maintained by Stifel Nicolaus on Friday, July 27. On Friday, July 27 the firm has “Underperform” rating by Credit Suisse given. On Tuesday, October 30 the rating was upgraded by Credit Suisse to “Neutral”.

The Hershey Company (NYSE:HSY) Institutional Investors Chart

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