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Jefferies Financial Group Begins Coverage on Hershey (NYSE:HSY)

Jefferies Financial Group initiated coverage on Hershey (NYSE:HSY) with a "hold" rating and a $181.00 price target, indicating a potential upside of 0.13%. Other analysts have also issued ratings, with a consensus "hold" and an average price target of $182.79. Hershey's recent earnings exceeded expectations, and insider trading activities were reported. Several hedge funds have modified their holdings in Hershey.

Market Beat·
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Market Beat·
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Mirabella Financial Services LLP Purchases Shares of 28,863 Corteva, Inc. $CTVA

Mirabella Financial Services LLP acquired 28,863 shares of Corteva, Inc. valued at $2,151,000. Analysts have mixed ratings on Corteva, with a consensus "Moderate Buy" and an average target price of $78.05. Corteva's stock opened at $66.21, with a market cap of $44.74 billion. The company reported quarterly earnings of ($0.23) per share, beating estimates, and announced a $0.18 dividend payable on December 15th.

Market Beat·
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Market Beat·
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PepsiCo Faces Activist Shockwave as Elliott's $4 Billion Push Nears a Deal

Elliott Investment Management is nearing a settlement with PepsiCo after acquiring a $4 billion stake, aiming to revitalize the company's stock performance. The activist investor suggests refranchising bottling operations and divesting underperforming assets. PepsiCo's shares have declined, and its growth has slowed, prompting Elliott's push for strategic changes. CEO Ramon Laguarta acknowledges the constructive dialogue with Elliott, emphasizing the company's undervaluation. This move follows Elliott's similar engagements with Honeywell and Starbucks, highlighting its strategy to influence major corporations.

GuruFocus·
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GuruFocus·
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Kraft Heinz Company $KHC Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its holdings in Kraft Heinz Company by 31.3% in Q2, owning 5,749,725 shares worth $148.46 million. Other investors also adjusted their positions. Analysts have downgraded Kraft Heinz, with a consensus rating of "Reduce" and a target price of $26.58. The stock opened at $24.59, with a market cap of $29.11 billion. Kraft Heinz reported $0.72 EPS for Q2 and announced a $0.40 quarterly dividend, yielding 6.5%.

Market Beat·
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Market Beat·
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Edgestream Partners L.P. Takes $2.59 Million Position in Tyson Foods, Inc. $TSN

Edgestream Partners L.P. acquired a $2.59 million stake in Tyson Foods during Q2, purchasing 46,335 shares. Other hedge funds, including Vanguard and Pzena, also increased their holdings. Insider sales were reported by Chairman John H. Tyson and CFO Curt Calaway. Analysts have given Tyson Foods a consensus 'Hold' rating, with a target price of $60.75. The stock opened at $56.10, with a market cap of $19.81 billion.

Market Beat·
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Market Beat·
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