Shares of Hershey Co (NYSE:HSY) ended Friday session in red amid volatile trading. The shares closed down -0.24 points or -0.24% at $99.30 with 2,460,697 shares getting traded. Post opening the session at $100.00, the shares hit an intraday low of $99.17 and an intraday high of $100.26 and the price vacillated in this range throughout the day. The company has a market cap of $21.12 billion and the numbers of outstanding shares have been calculated to be 152.57 million shares.
On July 28, 2016 The Board of Directors of The Hershey Company (HSY) announced quarterly dividends of $0.618 on the Common Stock and $0.562 on the Class B Common Stock, an increase of 6%, or $0.035 and $0.032 per share, respectively. The dividends are payable September 15, 2016 to stockholders of record August 25, 2016. It is the 347th consecutive regular dividend on the Common Stock and the 128th consecutive regular dividend on the Class B Common Stock.
Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) ended Friday session in red amid volatile trading. The shares closed down -0.04 points or -0.06% at $63.79 with 920,459 shares getting traded. Post opening the session at $63.87, the shares hit an intraday low of $63.28 and an intraday high of $64.11 and the price vacillated in this range throughout the day. The company has a market cap of $9.81 billion and the numbers of outstanding shares have been calculated to be 153.90 million shares.
Fortune Brands Home & Security Inc (FBHS) on August 19, 2016 announced the creation of a new Global Plumbing Group (GPG), a strategic first step to accelerate growth opportunities and transform its plumbing business. Fortune Brands has completed its first acquisition under the GPG, Riobel, and has also signed an agreement to acquire ROHL and its brands.
“The creation of the GPG platform provides the foundation to accelerate growth in our plumbing segment, providing the critical infrastructure to support a multi-brand, -channel and -geography plumbing business,” said Chris Klein, chief executive officer, Fortune Brands. “Most importantly, the GPG platform enhances the potential for future growth opportunities as we look to grow plumbing sales to $2.5 billion by 2020.”
The GPG platform will support the growth of multiple plumbing brands simultaneously with an enhanced set of products and brands while leveraging the Company’s global supply chain and broad distribution network. It paves the way for the addition of acquisitions, joint ventures, supply agreements and distribution agreements, and allows for seamless integration of new products and brands. It also accelerates synergistic growth opportunities and initiatives across the Company’s plumbing business.