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Stock Market & Financial Investment News

News Breaks
February 20, 2013
16:21 EDTHSYHershey reaffirms FY13 EPS $3.56-$3.63, consensus $3.64
News For HSY From The Last 14 Days
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January 29, 2015
07:13 EDTHSYHershey sees FY15 net sales up 5.5%-7.5%
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07:12 EDTHSYHershey reports Q4 adjusted EPS $1.04, consensus $1.06
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07:11 EDTHSYHershey to acquire KRAVE Pure Foods
The Hershey Company announced it has entered into an agreement to acquire KRAVE Pure Foods, Inc., manufacturer of KRAVE jerky, an all-natural snack brand of premium jerky products. The transaction will allow Hershey to tap into the rapidly growing meat snacks category and further expand into the broader snacks space. Hershey intends to leverage its best-in-class supply chain capabilities, consumer insights and retail relationships to accelerate growth and access to KRAVE products. Hershey will also partner with KRAVE’s talented team to continue to drive excitement and awareness of KRAVE jerky. KRAVE will remain headquartered in Sonoma, Calif., and Hershey plans to operate KRAVE as a standalone business within its Hershey North America division. Sebastiani will continue to lead the business as President of KRAVE and will report to Buck. KRAVE Pure Foods, Inc., has generated approximately $35 million in net sales over the last twelve months and was named to Forbes 2015 America’s Most Promising Companies list.
January 28, 2015
15:38 EDTHSYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
January 26, 2015
10:33 EDTHSYHershey settlement to stop import of some U.K. sweets, NY Times reports
Let’s Buy British Imports agreed last week to stop importing all Cadbury’s chocolate made overseas and halted imports of certain candies that infringe trademarks held by Hershey, reported The New York Times on Friday. Reference Link
January 23, 2015
10:02 EDTHSYOn the Fly: Analyst Downgrade Summary
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07:09 EDTHSYDeutsche Bank cuts Hershey on valuation, fundamental concerns
Deutsche Bank downgraded Hershey to Hold from Buy citing valuation, saying the stock is trading at a 25% premium to peers. Deutsche also has some fundamental concerns, as it believes the U.S. category could get more promotional with privately-held Mars trying to regain market share. It also thinks high end chocolate is increasing share in the U.S., and notes Hershey continues to be underrepresented in that segment. Deutsche raised its price target for Hershey shares to $111 from $109 to go along with the downgrade.
06:49 EDTHSYHershey downgraded to Hold from Buy at Deutsche Bank
January 22, 2015
10:03 EDTHSYOn the Fly: Analyst Initiation Summary
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08:49 EDTHSYHershey initiated with a Mixed view at OTR Global
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January 21, 2015
10:01 EDTHSYOn The Fly: Analyst Downgrade Summary
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06:02 EDTHSYHershey downgraded to Neutral from Overweight at JPMorgan
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January 16, 2015
10:01 EDTHSYOn The Fly: Analyst Upgrade Summary
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07:23 EDTHSYHershey upgraded on input cost declines at Wells Fargo
Wells Fargo upgraded Hershey to Outperform from Market Perform saying "sudden and steep" input cost declines, coupled with a U.S. price increase, will drive better than expected gross margins. Wells points out that since Hershey's U.S. price increase of 8% in July, milk powder prices have declined by 40%, international sugar prices are down 13%, and cocoa inflation has flattened. It raised its price target range for Hershey shares to $122-$124 from $93-$95. The chocolate maker closed yesterday up $1.44 to $108.46.
05:46 EDTHSYHershey upgraded to Outperform from Market Perform at Wells Fargo
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January 15, 2015
10:37 EDTHSYKraft rises after Goldman gets less cautious on food space, ups stock to buy
Shares of Kraft Foods (KRFT) are climbing after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. WHAT'S NEW: Costs for food makers are declining as commodity prices drop, Goldman Sachs analyst Judy Hong wrote in a note to investors today. Kraft is among the U.S. food companies that benefits the most from lower costs, the analyst stated. Additionally, Kraft's pricing power is one of the strongest in the group and it is heavily exposed to the U.S. economy, the analyst stated. WHAT'S NOTABLE: Hong's upgrade of Kraft was part of a note in which she took a more balanced view of the U.S. consumer staples sector. The analyst upgraded the Food sector to Neutral from Cautious, noting that consumer staples stocks with outsized exposure to the U.S. market should be boosted by strong U.S. growth and more favorable foreign exchange dynamics than their peers. In addition to Kraft, the analyst identified the following stocks as her top picks within the consumer staples sector: Monster Beverage (MNST), Constellation Brands (STZ), Coca-Cola Enterprises (CCE), Keurig Green Mountain (GMCR), Freshpet (FRPT), Mead Johnson (MJN), and Estee Lauder (EL). Goldman also upgraded Hershey (HSY), Dr. Pepper Snapple (DPS), and Clorox (CLX), all to Neutral from Sell, downgraded cigarette maker Philip Morris (PM) to Sell from Neutral and downgraded brewer Molson Coors (TAP) to Neutral from Buy. PRICE ACTION: In early trading, Kraft climbed 3.7% to $65 per share.
10:00 EDTHSYOn The Fly: Analyst Upgrade Summary
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06:30 EDTHSYHershey upgraded to Neutral from Sell at Goldman
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