Credit Suisse Ag Cut By $2.95 Million Its Cdk Global (CDK) Stake; Hershey Co (HSY) Sentiment Is 1.06

February 20, 2018 - By Michael Collier

The Hershey Company, together with its subsidiaries, makes and sells confectionery products. The company has market cap of $21.05 billion. The firm operates through two divisions, North America, and International and Other. It has a 27.3 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.

Credit Suisse Ag decreased Cdk Global Inc (CDK) stake by 1.35% reported in 2017Q3 SEC filing. Credit Suisse Ag sold 46,825 shares as Cdk Global Inc (CDK)’s stock declined 6.12%. The Credit Suisse Ag holds 3.43M shares with $216.54 million value, down from 3.48M last quarter. Cdk Global Inc now has $9.29B valuation. The stock decreased 1.69% or $1.19 during the last trading session, reaching $69.06. About 2.16 million shares traded or 80.10% up from the average. CDK Global, Inc. (NASDAQ:CDK) has risen 18.92% since February 20, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

Among 8 analysts covering CDK Global (NASDAQ:CDK), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. CDK Global had 15 analyst reports since August 14, 2015 according to SRatingsIntel. JP Morgan upgraded CDK Global, Inc. (NASDAQ:CDK) on Wednesday, April 6 to “Neutral” rating. Barrington Research upgraded the shares of CDK in report on Thursday, February 4 to “Outperform” rating. Wells Fargo upgraded CDK Global, Inc. (NASDAQ:CDK) on Wednesday, June 21 to “Outperform” rating. The stock has “Underweight” rating by JP Morgan on Friday, August 14. The rating was maintained by Oppenheimer on Wednesday, August 9 with “Buy”. JP Morgan maintained CDK Global, Inc. (NASDAQ:CDK) rating on Tuesday, December 15. JP Morgan has “Underweight” rating and $48 target. On Monday, July 10 the stock rating was upgraded by Evercore to “Outperform”. The company was downgraded on Tuesday, January 19 by Morgan Stanley. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, February 3. Wells Fargo maintained the stock with “Buy” rating in Wednesday, January 31 report.

Credit Suisse Ag increased Roper Technologies Inc (NYSE:ROP) stake by 9,065 shares to 170,938 valued at $41.61M in 2017Q3. It also upped General Communication Inc (NASDAQ:GNCMA) stake by 12,988 shares and now owns 73,638 shares. New York Times Co (NYSE:NYT) was raised too.

Hershey Trust Co holds 11.97% of its portfolio in The Hershey Company for 8.25 million shares. Symons Capital Management Inc owns 183,732 shares or 5.07% of their US portfolio. Moreover, Northcoast Asset Management Llc has 3.31% invested in the company for 257,735 shares. The Nebraska-based Lawson Kroeker Investment Management Inc Ne has invested 3.19% in the stock. Hs Management Partners Llc, a New York-based fund reported 871,675 shares.

Ratings analysis reveals 33% of Hershey Foods’s analysts are positive. Out of 9 Wall Street analysts rating Hershey Foods, 3 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $90.0 while the high is $115.0. The stock’s average target of $103.50 is 3.59% above today’s ($99.91) share price. HSY was included in 9 notes of analysts from October 25, 2016. The firm earned “Outperform” rating on Friday, January 6 by Credit Suisse. The firm has “Buy” rating by Argus Research given on Thursday, February 16. Societe Generale upgraded the stock to “Hold” rating in Tuesday, February 28 report. On Monday, February 6 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was initiated on Tuesday, October 25 by Susquehanna. On Wednesday, February 15 the stock rating was initiated by Deutsche Bank with “Hold”. The company was maintained on Monday, October 31 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, October 27 by Citigroup. Berenberg initiated The Hershey Company (NYSE:HSY) rating on Thursday, January 5. Berenberg has “Sell” rating and $90.0 target.

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