|Bid||109.39 x 100|
|Ask||109.42 x 100|
|Day's Range||108.10 - 109.64|
|52 Week Range||101.61 - 116.49|
|PE Ratio (TTM)||32.69|
|Earnings Date||Jan 31, 2018 - Feb 7, 2018|
|Forward Dividend & Yield||2.62 (2.40%)|
|1y Target Est||113.76|
MOBILE, Ala., Jan. 17, 2018-- The Reese’ s brand announced today the extension of its title sponsorship of the Reese’ s Senior Bowl. The Reese’ s brand has been the title sponsor of the game since 2014.. ...
LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion (£2 billion), it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products. Nestle, the world's biggest packaged-food company, has cited the unit's weak position in the United States, where it trails Hershey, Mars Inc and Lindt, as the rationale for a sale. For family-owned Ferrero, the cash deal offers a chance for the Italian company to build scale quickly in that key market, where it has done two other deals in the past year.
On January 10, 2018, Morgan Stanley downgraded Hershey (HSY) stock to “underweight” from “equal weight” with a price target of $105.00 per share. Following the downgrade, Hershey stock fell 2.6% to $110.82.
Chocolatier Hershey will fall in 2018 as people continue to shift toward healthier snacks, according to Morgan Stanley.
MILAN/LONDON/NEW YORK (Reuters) - Food giant Nestle (NESN.N) plans to pick a buyer for its U.S. chocolate business by the end of this week, three sources close to the matter said on Wednesday, in a deal expected to top $2.5 billion (£1.85 billion). One source said Ferrero raised its offer for Nestle's business last week in an attempt to outbid rival Hershey (HSY.N). "(Executive Chairman) Giovanni Ferrero is really committed to the deal, that's why the group sweetened its offer to something in the area of $2.5 billion," the source said.
MILAN/LONDON/NEW YORK, Jan 10 (Reuters) - Food giant Nestle plans to pick a buyer for its U.S. chocolate business by the end of this week, three sources close to the matter said on Wednesday, in a deal expected to top $2.5 billion. One source said Ferrero raised its offer for Nestle's business last week in an attempt to outbid rival Hershey . "(Executive Chairman) Giovanni Ferrero is really committed to the deal, that's why the group sweetened its offer to something in the area of $2.5 billion," the source said.
The downgrade for HSY stock comes from Morgan Stanley analyst Matthew Grainger. Grainger downgraded the stock to “Unerweight” from an “Equal-Weight” rating on concerns about the company’s current peer-leading valuation as being unsustainable. The Morgan Stanley analysts gives a few reasons for why he believes the current valuation of HSY stock is unsustainable.
With healthy snacks still trending, Hershey Co (NYSE: HSY )’s looking bitter. The firm caught its only Sell rating Wednesday and saw a related pullback in value. The Rating Morgan Stanley analyst Matthew ...
Yahoo Finance's Seana Smith, Andy Serwer, Brittany Jones-Cooper and Dan Roberts discuss the deal which includes iconic American candy brands: Baby Ruth, Butterfinger, and Raisinets.