Morgan Stanley Maintains $93 Target Price per Share On Hershey (HSY), Maintains Underweight Rating; Bell State Bank & Trust Decreased Seagate Technology Plc (STX) Position

April 18, 2018 - By Michael Collier

The Hershey Company (NYSE:HSY) Logo

They currently have a $93 price target on Hershey (NYSE:HSY). Morgan Stanley’s target would suggest a potential downside of -3.83% from the company’s last stock price. This was revealed to clients and investors in a research report on Wednesday, 18 April.

Bell State Bank & Trust decreased Seagate Technology Plc (STX) stake by 16.4% reported in 2017Q4 SEC filing. Bell State Bank & Trust sold 13,577 shares as Seagate Technology Plc (STX)’s stock rose 36.04%. The Bell State Bank & Trust holds 69,210 shares with $2.90 million value, down from 82,787 last quarter. Seagate Technology Plc now has $17.63B valuation. The stock increased 1.21% or $0.74 during the last trading session, reaching $61.89. About 2.68M shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since April 18, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on May, 1 before the open. They expect $1.31 EPS, up 19.09% or $0.21 from last year’s $1.1 per share. STX’s profit will be $373.12 million for 11.81 P/E if the $1.31 EPS becomes a reality. After $1.48 actual EPS reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts -11.49% negative EPS growth.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.11, from 0.78 in 2017Q3. It increased, as 52 investors sold STX shares while 161 reduced holdings. 80 funds opened positions while 109 raised stakes. 244.40 million shares or 5.86% less from 259.60 million shares in 2017Q3 were reported. Atlantic Trust Gp Limited Liability Company stated it has 0% of its portfolio in Seagate Technology plc (NASDAQ:STX). Sumitomo Mitsui Asset invested in 20,071 shares. Retirement System Of Alabama holds 140,209 shares. Nomura holds 0% or 18,590 shares. Raymond James Ser stated it has 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX). New York-based Citigroup has invested 0.01% in Seagate Technology plc (NASDAQ:STX). Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.02% of its portfolio in Seagate Technology plc (NASDAQ:STX). State Teachers Retirement Systems, a New York-based fund reported 470,481 shares. Iridian Asset Mngmt Ltd Liability Ct reported 0.01% stake. Winslow Evans Crocker has 2,426 shares for 0.03% of their portfolio. Aqr Capital Mgmt Ltd Liability Company has 0.17% invested in Seagate Technology plc (NASDAQ:STX). Stephens Incorporated Ar, Arkansas-based fund reported 55,169 shares. Oppenheimer & Inc stated it has 41,921 shares. Jacobs Levy Equity invested in 72,891 shares or 0.05% of the stock. Tci Wealth owns 400 shares.

Since October 23, 2017, it had 0 insider purchases, and 15 sales for $33.15 million activity. $316,360 worth of Seagate Technology plc (NASDAQ:STX) was sold by MORTON DAVID H JR on Monday, October 23. BRACE PHILIP G had sold 12,000 shares worth $557,280 on Monday, January 8. Shares for $339,965 were sold by Moyo Dambisa F on Tuesday, October 24. 100,000 shares valued at $4.90M were sold by LUCZO STEPHEN J on Monday, January 8. MURPHY JAMES J sold $781,850 worth of stock or 14,175 shares. 4,475 shares were sold by Geldmacher Jay L, worth $235,833 on Friday, February 23. The insider PARK CHONG SUP sold 4,026 shares worth $218,290.

Among 35 analysts covering Seagate Technology Plc (NASDAQ:STX), 10 have Buy rating, 3 Sell and 22 Hold. Therefore 29% are positive. Seagate Technology Plc had 140 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Seagate Technology plc (NASDAQ:STX) earned “Market Perform” rating by Cowen & Co on Friday, April 29. The stock of Seagate Technology plc (NASDAQ:STX) earned “Sector Perform” rating by RBC Capital Markets on Monday, May 2. The firm has “Strong Buy” rating given on Thursday, October 20 by Needham. On Tuesday, March 6 the stock rating was maintained by UBS with “Sell”. The firm has “Buy” rating given on Thursday, November 19 by Craig Hallum. The rating was maintained by Stifel Nicolaus on Tuesday, July 25 with “Hold”. Benchmark maintained the stock with “Hold” rating in Tuesday, July 25 report. The stock of Seagate Technology plc (NASDAQ:STX) earned “Underperform” rating by Bank of America on Friday, April 29. BMO Capital Markets initiated Seagate Technology plc (NASDAQ:STX) on Friday, December 11 with “Market Perform” rating. The rating was maintained by Maxim Group with “Buy” on Thursday, October 15.

The stock decreased 0.10% or $0.1 during the last trading session, reaching $96.7. About 774,712 shares traded. The Hershey Company (NYSE:HSY) has declined 9.67% since April 18, 2017 and is downtrending. It has underperformed by 21.22% the S&P500.

Since January 26, 2018, it had 0 buys, and 1 sale for $44,620 activity. $44,620 worth of The Hershey Company (NYSE:HSY) was sold by Buck Michele.

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.07, from 1.06 in 2017Q3. It increased, as 49 investors sold The Hershey Company 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. Pennsylvania-based Wealthtrust Axiom Lc has invested 0.1% in The Hershey Company (NYSE:HSY). Pnc Gru Inc accumulated 557,828 shares. 9,543 were accumulated by Campbell Newman Asset Mngmt Incorporated. Strs Ohio has 0.01% invested in The Hershey Company (NYSE:HSY). Millennium Llc has invested 0.01% in The Hershey Company (NYSE:HSY). Vident Investment Advisory Limited Liability Com accumulated 6,535 shares. Wagner Bowman Mgmt Corporation invested 0.11% of its portfolio in The Hershey Company (NYSE:HSY). Communications Of Toledo Na Oh holds 0.1% in The Hershey Company (NYSE:HSY) or 3,445 shares. Oakworth owns 3,950 shares for 0.1% of their portfolio. Royal National Bank & Trust Of Canada stated it has 0.02% in The Hershey Company (NYSE:HSY). Creative Planning holds 0.01% or 11,040 shares in its portfolio. Foyston Gordon & Payne holds 0.99% of its portfolio in The Hershey Company (NYSE:HSY) for 45,840 shares. M&R Capital Management Inc holds 0.07% of its portfolio in The Hershey Company (NYSE:HSY) for 2,714 shares. Financial reported 1,656 shares or 0.09% of all its holdings. Advisory Svcs Networks Ltd Com accumulated 4,330 shares.

The Hershey Company, together with its subsidiaries, makes and sells confectionery products. The company has market cap of $20.35 billion. The firm operates through two divisions, North America, and International and Other. It has a 26.42 P/E ratio. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising chewing gums and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, and mixes.

The Hershey Company (NYSE:HSY) Institutional Positions Chart

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