Marathon Asset Management Llp Holding In Hershey Company (HSY) Was Raised; Two Creeks Capital Management LP Upped Its Constellation Brands (STZ) Holding by $28.02 Million as Share Price Rose

February 19, 2018 - By Adrian Mccoy

John Overdeck increased its stake in Constellation Brands Inc (STZ) by 24.72% based on its latest 2017Q3 regulatory filing with the SEC. Two Creeks Capital Management Lp bought 140,788 shares as the company’s stock rose 13.40% with the market. The hedge fund run by John Overdeck held 710,379 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $141.69M, up from 569,591 at the end of the previous reported quarter. Two Creeks Capital Management Lp who had been investing in Constellation Brands Inc for a number of months, seems to be bullish on the $42.68B market cap company. The stock increased 1.22% or $2.64 during the last trading session, reaching $219.45. About 1.50 million shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since February 19, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

Bruce J. Richards increased its stake in Hershey Company (HSY) by 7% based on its latest 2017Q3 regulatory filing with the SEC. Marathon Asset Management Llp bought 79,651 shares as the company’s stock rose 4.41% with the market. The hedge fund run by Bruce J. Richards held 1.22M shares of the specialty foods company at the end of 2017Q3, valued at $132.83M, up from 1.14M at the end of the previous reported quarter. Marathon Asset Management Llp who had been investing in Hershey Company for a number of months, seems to be bullish on the $21.22 billion market cap company. The stock decreased 0.08% or $0.08 during the last trading session, reaching $100.71. About 2.47 million shares traded or 131.84% up from the average. The Hershey Company (NYSE:HSY) has risen 23.54% since February 19, 2017 and is uptrending. It has outperformed by 6.84% the S&P500.

Marathon Asset Management Llp, which manages about $50.94 billion and $6.08 billion US Long portfolio, decreased its stake in Tjx Companies Inc (NYSE:TJX) by 6,987 shares to 382,766 shares, valued at $28.22 million in 2017Q3, according to the filing. It also reduced its holding in Class A by 2,459 shares in the quarter, leaving it with 130,620 shares, and cut its stake in Harley Davidson Inc (NYSE:HOG).

Since August 24, 2017, it had 0 insider purchases, and 8 sales for $956.13 million activity. $121,286 worth of The Hershey Company (NYSE:HSY) was sold by Wege D Michael. The insider HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL sold $477.05 million. 4.50M shares were sold by HERSHEY TRUST CO, worth $477.05M on Thursday, August 24. 15,132 shares were sold by Idrovo Javier H, worth $1.67M.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.08, from 0.98 in 2017Q2. It increased, 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. The Ohio-based Trust Of Toledo Na Oh has invested 0.1% in The Hershey Company (NYSE:HSY). 2,300 are owned by Pacad Inv Ltd. State Teachers Retirement Sys owns 0.05% invested in The Hershey Company (NYSE:HSY) for 193,175 shares. 6,335 are owned by Prelude Mngmt Ltd Liability Corporation. Moreover, Clear Harbor Asset Management Ltd Company has 0.05% invested in The Hershey Company (NYSE:HSY) for 2,122 shares. 2,087 are owned by Ibm Retirement Fund. Tru Company Of Virginia Va has invested 0.03% of its portfolio in The Hershey Company (NYSE:HSY). Texas Permanent School Fund accumulated 39,161 shares or 0.05% of the stock. Fmr Ltd owns 1.24 million shares. Berson & Corrado Inv Limited Liability owns 3,223 shares. Spears Abacus Advisors Ltd Llc has invested 0.03% in The Hershey Company (NYSE:HSY). Ahl Ptnrs Llp invested 0.06% in The Hershey Company (NYSE:HSY). Eads Heald Inv Counsel has 1,946 shares. Solutions Limited Liability Company stated it has 179 shares. Bradley Foster Sargent Incorporated Ct reported 5,762 shares.

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. RBC Capital Markets maintained it with “Sector Perform” rating and $92 target in Tuesday, January 26 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, February 1 report. The company was initiated on Thursday, January 5 by Berenberg. The stock of The Hershey Company (NYSE:HSY) has “Hold” rating given on Monday, July 24 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, February 6 report. The stock of The Hershey Company (NYSE:HSY) has “Hold” rating given on Wednesday, October 25 by RBC Capital Markets. The stock of The Hershey Company (NYSE:HSY) earned “Hold” rating by RBC Capital Markets on Tuesday, January 30. The stock has “Hold” rating by RBC Capital Markets on Friday, July 21. The firm earned “Neutral” rating on Monday, January 11 by JP Morgan. The firm has “Hold” rating given on Monday, August 10 by Deutsche Bank.

Among 23 analysts covering Constellation Brands (NYSE:STZ), 16 have Buy rating, 0 Sell and 7 Hold. Therefore 70% are positive. Constellation Brands had 75 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was maintained by SunTrust on Thursday, October 6 with “Buy”. The stock has “Neutral” rating by Credit Suisse on Friday, September 16. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Monday, July 10 by Morgan Stanley. Barclays Capital maintained Constellation Brands, Inc. (NYSE:STZ) rating on Thursday, April 7. Barclays Capital has “Overweight” rating and $170 target. Citigroup maintained Constellation Brands, Inc. (NYSE:STZ) rating on Monday, April 11. Citigroup has “Neutral” rating and $168 target. On Monday, October 16 the stock rating was maintained by Cowen & Co with “Buy”. Pivotal Research maintained the shares of STZ in report on Thursday, April 6 with “Buy” rating. Nomura initiated Constellation Brands, Inc. (NYSE:STZ) rating on Thursday, September 17. Nomura has “Neutral” rating and $130 target. Wells Fargo maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, January 4 with “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Thursday, April 7.

Since August 23, 2017, it had 0 insider buys, and 4 sales for $12.05 million activity. Another trade for 2,500 shares valued at $520,000 was sold by FROMBERG BARRY A. Another trade for 2,935 shares valued at $616,644 was made by Newlands William A on Monday, October 9. MULLIN THOMAS J sold $10.47 million worth of Constellation Brands, Inc. (NYSE:STZ) on Friday, October 13.

Two Creeks Capital Management Lp, which manages about $2.12B and $1.76B US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 589,417 shares to 805,843 shares, valued at $131.80M in 2017Q3, according to the filing. It also reduced its holding in Lowes Cos Inc (Call) (NYSE:LOW) by 403,763 shares in the quarter, leaving it with 250,000 shares, and cut its stake in Aspen Technology Inc (NASDAQ:AZPN).

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