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Stock Market & Financial Investment News

News Breaks
January 10, 2013
08:20 EDTHSYHershey called top 2013 pick in Food Manufacturing at JPMorgan
JPMorgan calls Hershey its top pick for 2013 in Food Manufacturing and Retail given its expectations for margin expansion and confidence in the company's Brookside brand. The firm raised its price target for shares to $88 from $86 and keeps an Overweight rating on the name.
News For HSY From The Last 14 Days
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February 26, 2015
16:52 EDTHSYHershey announces Patricia Little as CFO
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February 19, 2015
14:28 EDTHSYHershey says still tracking towards 2019 International sales target of $2B
14:27 EDTHSYHershey targets long-term adjusted EPS growth 9%-11%
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14:25 EDTHSYHershey targets 2017 net sales of $10B
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February 18, 2015
15:25 EDTHSYHershey intends to move to simple, easy-to-understand ingredients
Hershey announced it is beginning a transition to simple and easy-to-understand ingredients. “We will strive for simplicity with all of our ingredients, but we may not achieve it with every product. This is a journey and it will take time. We are equally committed to sharing what we achieve and what we don’t. For ingredients that may not be as simple, we will explain what they are and why we need them to provide the great flavors, aromas, textures and appearances that our consumers know and love,” said CEO John Bilbrey. In 2015, Hershey plans to introduce in the U.S. new products that will feature a lineup of simple ingredients and transition some of its most popular chocolate brands, including Hershey’s Kisses Milk Chocolates and Hershey’s Milk Chocolate Bars, to simpler ingredients, the company said.
15:04 EDTHSYHershey sees FY15 adjusted EPS $4.30-$4.38, consensus $4.36
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14:59 EDTHSYHershey affirms view of FY15 net sales up 5.5%-7.5%, consensus $7.88B
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14:56 EDTHSYHershey announces $250M share repurchase authorization
Hershey announced that its board has approved an additional $250M stock repurchase authorization to repurchase shares of its common stock. Purchases under the new authorization will commence after the current program is completed. Hershey is authorized to purchase its outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of the common stock will be held as treasury shares. Similar to prior programs, approved share repurchase authorizations are in addition to Hershey’s practice of buying back shares sufficient to offset those issued under incentive compensation plans.
February 17, 2015
07:15 EDTHSYConsumer Analyst Group of New York (CAGNY) to hold a conference
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