Dorsal Capital Management Has Boosted Its Cbs New (CBS) Position by $8.70 Million; Symons Capital Management Has Boosted Position in Hershey Company (HSY) by $3.19 Million as Share Price Rose

February 18, 2018 - By Marie Mckinney

Symons Capital Management Inc increased its stake in Hershey Company (HSY) by 18.97% based on its latest 2017Q3 regulatory filing with the SEC. Symons Capital Management Inc bought 29,296 shares as the company’s stock rose 4.41% with the market. The institutional investor held 183,732 shares of the specialty foods company at the end of 2017Q3, valued at $20.06M, up from 154,436 at the end of the previous reported quarter. Symons Capital Management Inc who had been investing in Hershey Company for a number of months, seems to be bullish on the $21.22B market cap company. The stock decreased 0.08% or $0.08 during the last trading session, reaching $100.71. About 2.47M shares traded or 131.84% up from the average. The Hershey Company (NYSE:HSY) has risen 23.54% since February 18, 2017 and is uptrending. It has outperformed by 6.84% the S&P500.

Ryan Frick increased its stake in Cbs Corp New (CBS) by 12.5% based on its latest 2017Q3 regulatory filing with the SEC. Dorsal Capital Management Llc bought 150,000 shares as the company’s stock declined 6.13% while stock markets rallied. The hedge fund run by Ryan Frick held 1.35M shares of the broadcasting company at the end of 2017Q3, valued at $78.30 million, up from 1.20 million at the end of the previous reported quarter. Dorsal Capital Management Llc who had been investing in Cbs Corp New for a number of months, seems to be bullish on the $21.18 billion market cap company. The stock decreased 2.38% or $1.35 during the last trading session, reaching $55.39. About 5.50M shares traded or 14.04% up from the average. CBS Corporation (NYSE:CBS) has risen 18.35% since February 18, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Since August 22, 2017, it had 0 buys, and 13 insider sales for $88.91 million activity. $2.87 million worth of CBS Corporation (NYSE:CBS) was sold by Ianniello Joseph R on Thursday, January 25. $3.16 million worth of CBS Corporation (NYSE:CBS) shares were sold by Schwartz Gil D.

Among 36 analysts covering CBS Corp (NYSE:CBS), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. CBS Corp had 110 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, July 13, the company rating was maintained by Jefferies. The rating was maintained by Jefferies on Monday, June 12 with “Buy”. On Monday, October 16 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm earned “Buy” rating on Thursday, August 6 by Pivotal Research. The firm has “Hold” rating given on Sunday, August 16 by Barclays Capital. The firm has “Hold” rating by Stephens given on Monday, January 22. RBC Capital Markets maintained the shares of CBS in report on Tuesday, October 13 with “Top Pick” rating. The rating was maintained by Piper Jaffray with “Buy” on Monday, October 23. On Thursday, January 4 the stock rating was maintained by Wells Fargo with “Buy”. The company was maintained on Friday, November 3 by Credit Suisse.

Dorsal Capital Management Llc, which manages about $1.15B and $1.92B US Long portfolio, decreased its stake in Zendesk Inc (NYSE:ZEN) by 250,000 shares to 2.35M shares, valued at $68.41M in 2017Q3, according to the filing. It also reduced its holding in T Mobile Us Inc (NYSE:TMUS) by 250,000 shares in the quarter, leaving it with 750,000 shares, and cut its stake in Verint Sys Inc (NASDAQ:VRNT).

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.23, from 0.8 in 2017Q2. It increased, as 53 investors sold CBS shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported. 103,848 were accumulated by Addenda Capital. Rothschild Asset Mgmt holds 828,270 shares. Third Avenue Management Ltd Liability Corp has 353,287 shares for 0.92% of their portfolio. Bessemer Gp Inc has 2,129 shares for 0% of their portfolio. Hanson Mcclain Incorporated accumulated 197 shares. Calamos Advsrs Limited holds 0.07% in CBS Corporation (NYSE:CBS) or 161,001 shares. Westpac Bk stated it has 0.03% in CBS Corporation (NYSE:CBS). Baker Avenue Asset LP invested 0.04% of its portfolio in CBS Corporation (NYSE:CBS). Utah Retirement reported 65,418 shares. Lsv Asset Mgmt holds 0.04% or 392,600 shares. Boyd Watterson Asset Llc Oh, a Ohio-based fund reported 13,007 shares. Alpine Mngmt Limited Liability Co holds 0.08% or 4,824 shares in its portfolio. Boston Private Wealth Limited Co invested 0.01% in CBS Corporation (NYSE:CBS). Berson & Corrado Investment Advsrs Llc, a New York-based fund reported 62,021 shares. Qs Invsts Ltd Liability Co invested in 71,667 shares or 0.03% of the stock.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.08, from 0.98 in 2017Q2. It improved, as 45 investors sold HSY shares while 200 reduced holdings. 65 funds opened positions while 194 raised stakes. 106.96 million shares or 0.83% less from 107.85 million shares in 2017Q2 were reported. Commonwealth Equity Incorporated owns 59,929 shares. Ftb Advisors has invested 0% of its portfolio in The Hershey Company (NYSE:HSY). Howe And Rusling Inc reported 0% of its portfolio in The Hershey Company (NYSE:HSY). Pggm Invs reported 0.05% in The Hershey Company (NYSE:HSY). Meag Munich Ergo Kapitalanlagegesellschaft Mbh accumulated 0.03% or 6,999 shares. Fmr Limited Liability Co holds 0.02% or 1.24 million shares in its portfolio. Global X Ltd Liability Corp owns 8,885 shares for 0.03% of their portfolio. The New Jersey-based Bessemer Grp has invested 0% in The Hershey Company (NYSE:HSY). Clear Harbor Asset Mngmt Ltd Limited Liability Company holds 0.05% or 2,122 shares in its portfolio. Farmers Tru Co has invested 0.18% in The Hershey Company (NYSE:HSY). The Ohio-based Stratos Wealth Prtnrs Ltd has invested 0.06% in The Hershey Company (NYSE:HSY). Deutsche Bancshares Ag holds 0.02% of its portfolio in The Hershey Company (NYSE:HSY) for 331,667 shares. Manufacturers Life Ins The holds 165,102 shares. Sandy Spring Bancorp invested 0.01% of its portfolio in The Hershey Company (NYSE:HSY). Cleararc invested in 3,628 shares or 0.06% of the stock.

Among 22 analysts covering The Hershey Company (NYSE:HSY), 3 have Buy rating, 4 Sell and 15 Hold. Therefore 14% are positive. The Hershey Company had 64 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, January 11 the stock rating was downgraded by JP Morgan to “Neutral”. Susquehanna maintained the shares of HSY in report on Thursday, August 24 with “Hold” rating. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, September 6. The firm has “Hold” rating by Deutsche Bank given on Wednesday, February 15. The company was upgraded on Thursday, October 27 by Citigroup. JP Morgan upgraded The Hershey Company (NYSE:HSY) on Wednesday, September 16 to “Overweight” rating. Morgan Stanley maintained it with “Underweight” rating and $100 target in Friday, February 2 report. As per Tuesday, January 26, the company rating was maintained by RBC Capital Markets. The stock of The Hershey Company (NYSE:HSY) earned “Market Perform” rating by Wells Fargo on Wednesday, August 5. Susquehanna maintained the shares of HSY in report on Friday, June 2 with “Hold” rating.

Since August 15, 2017, it had 0 insider buys, and 8 insider sales for $956.13 million activity. Another trade for 1,100 shares valued at $120,373 was sold by Wege D Michael. 400 shares valued at $43,200 were sold by Buck Michele on Thursday, September 7. HERSHEY TRUST CO also sold $477.05M worth of The Hershey Company (NYSE:HSY) shares. HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL also sold $477.05M worth of The Hershey Company (NYSE:HSY) shares.

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