Meiji Yasuda Life Insurance Company Lowered Hershey Co (HSY) Holding as Share Price Declined; Ls Investment Advisors Has Increased Its Lockheed Martin (LMT) Stake by $468,800; Valuation Rose

April 17, 2018 - By Nellie Frank

The Hershey Company (NYSE:HSY) Logo

Meiji Yasuda Life Insurance Company decreased its stake in Hershey Co (HSY) by 37.41% based on its latest 2017Q4 regulatory filing with the SEC. Meiji Yasuda Life Insurance Company sold 5,500 shares as the company’s stock declined 14.93% with the market. The institutional investor held 9,200 shares of the specialty foods company at the end of 2017Q4, valued at $1.04M, down from 14,700 at the end of the previous reported quarter. Meiji Yasuda Life Insurance Company who had been investing in Hershey Co for a number of months, seems to be less bullish one the $20.41B market cap company. The stock increased 0.19% or $0.18 during the last trading session, reaching $96.98. About 55,828 shares traded. The Hershey Company (NYSE:HSY) has declined 9.67% since April 17, 2017 and is downtrending. It has underperformed by 21.22% the S&P500.

Ls Investment Advisors Llc increased its stake in Lockheed Martin Corp (LMT) by 24.92% based on its latest 2017Q4 regulatory filing with the SEC. Ls Investment Advisors Llc bought 1,465 shares as the company’s stock rose 6.55% while stock markets declined. The institutional investor held 7,343 shares of the military and government and technical company at the end of 2017Q4, valued at $2.36 million, up from 5,878 at the end of the previous reported quarter. Ls Investment Advisors Llc who had been investing in Lockheed Martin Corp for a number of months, seems to be bullish on the $99.72 billion market cap company. The stock increased 0.92% or $3.18 during the last trading session, reaching $348.88. About 246,978 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 26.83% since April 17, 2017 and is uptrending. It has outperformed by 15.28% the S&P500.

Analysts await The Hershey Company (NYSE:HSY) to report earnings on April, 26 before the open. They expect $1.41 EPS, up 7.63% or $0.10 from last year’s $1.31 per share. HSY’s profit will be $296.79M for 17.20 P/E if the $1.41 EPS becomes a reality. After $1.03 actual EPS reported by The Hershey Company for the previous quarter, Wall Street now forecasts 36.89% EPS growth.

Since January 26, 2018, it had 0 insider buys, and 1 insider sale for $44,620 activity.

Among 23 analysts covering The Hershey Company (NYSE:HSY), 3 have Buy rating, 5 Sell and 15 Hold. Therefore 13% are positive. The Hershey Company had 67 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of The Hershey Company (NYSE:HSY) earned “Buy” rating by Argus Research on Tuesday, December 8. Morgan Stanley maintained the shares of HSY in report on Friday, February 2 with “Underweight” rating. The company was maintained on Tuesday, January 30 by RBC Capital Markets. The stock has “Buy” rating by Citigroup on Thursday, October 27. The rating was maintained by Citigroup on Friday, October 27 with “Buy”. Susquehanna maintained the shares of HSY in report on Thursday, June 15 with “Hold” rating. The rating was downgraded by Wells Fargo on Wednesday, August 5 to “Market Perform”. JP Morgan upgraded the shares of HSY in report on Wednesday, September 16 to “Overweight” rating. JP Morgan maintained The Hershey Company (NYSE:HSY) on Wednesday, February 14 with “Neutral” rating. The firm earned “Outperform” rating on Thursday, August 17 by Bernstein.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.07, from 1.06 in 2017Q3. It improved, as 49 investors sold HSY shares while 191 reduced holdings. 78 funds opened positions while 193 raised stakes. 107.20 million shares or 0.23% more from 106.96 million shares in 2017Q3 were reported. Gideon Capital Advisors has 0.4% invested in The Hershey Company (NYSE:HSY). Zeke Capital Advsr Lc stated it has 0.06% of its portfolio in The Hershey Company (NYSE:HSY). Amp Cap Ltd invested 0.04% of its portfolio in The Hershey Company (NYSE:HSY). Moreover, Regions Financial has 0.02% invested in The Hershey Company (NYSE:HSY). Ontario Teachers Pension Plan Board accumulated 54,579 shares. E&G Advsrs Limited Partnership reported 3,700 shares or 0.18% of all its holdings. Corda Invest Management Limited Liability Company invested 1.46% in The Hershey Company (NYSE:HSY). Livforsakringsbolaget Skandia Omsesidigt reported 21,508 shares stake. Illinois-based Brookstone Capital Mgmt has invested 0.02% in The Hershey Company (NYSE:HSY). Weatherly Asset Management Limited Partnership holds 7,604 shares or 0.21% of its portfolio. Employees Retirement Sys Of Texas has invested 0.01% in The Hershey Company (NYSE:HSY). Shell Asset Mgmt Co reported 0.07% of its portfolio in The Hershey Company (NYSE:HSY). Gofen Glossberg Ltd Il has invested 0.1% in The Hershey Company (NYSE:HSY). New York State Teachers Retirement invested in 184,960 shares. Tru Com Of Virginia Va stated it has 0.03% of its portfolio in The Hershey Company (NYSE:HSY).

Meiji Yasuda Life Insurance Company, which manages about $725.50 million US Long portfolio, upped its stake in Eog Res Inc (NYSE:EOG) by 6,450 shares to 41,877 shares, valued at $4.52M in 2017Q4, according to the filing. It also increased its holding in Monster Beverage Corp New by 6,200 shares in the quarter, for a total of 26,900 shares, and has risen its stake in Fedex Corp (NYSE:FDX).

Since January 29, 2018, it had 0 insider purchases, and 2 sales for $9.28 million activity. $6.59 million worth of Lockheed Martin Corporation (NYSE:LMT) shares were sold by HEWSON MARILLYN A.

Ls Investment Advisors Llc, which manages about $1.86 billion and $1.72B US Long portfolio, decreased its stake in Blackrock Inc (NYSE:BLK) by 1,226 shares to 36,994 shares, valued at $19.00M in 2017Q4, according to the filing. It also reduced its holding in Bank Of The Ozarks (NASDAQ:OZRK) by 7,594 shares in the quarter, leaving it with 78,312 shares, and cut its stake in Bank Of America Corp (NYSE:BAC).

The Hershey Company (NYSE:HSY) Institutional Positions Chart

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By1 Nellie Frank

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