Advisor Partners LLC Buys 66 Shares of Hershey Company (The) (HSY)

Advisor Partners LLC increased its position in shares of Hershey Company (The) (NYSE:HSY) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,026 shares of the company’s stock after buying an additional 66 shares during the period. Advisor Partners LLC’s holdings in Hershey Company (The) were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kanawha Capital Management LLC raised its position in Hershey Company (The) by 0.3% in the first quarter. Kanawha Capital Management LLC now owns 3,451 shares of the company’s stock worth $377,000 after buying an additional 12 shares in the last quarter. Enterprise Financial Services Corp raised its position in Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock worth $184,000 after buying an additional 14 shares in the last quarter. RB Capital Management LLC raised its position in Hershey Company (The) by 0.5% in the second quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock worth $358,000 after buying an additional 18 shares in the last quarter. Profund Advisors LLC raised its position in Hershey Company (The) by 0.7% in the first quarter. Profund Advisors LLC now owns 3,397 shares of the company’s stock worth $371,000 after buying an additional 23 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in Hershey Company (The) by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock worth $907,000 after buying an additional 23 shares in the last quarter. Institutional investors own 51.16% of the company’s stock.

Hershey Company (NYSE:HSY) opened at 105.30 on Friday. The company’s 50-day moving average price is $106.29 and its 200 day moving average price is $108.56. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49. The stock has a market capitalization of $22.37 billion, a PE ratio of 33.64 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.85 EPS. Hershey Company (The)’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts forecast that Hershey Company will post $4.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.656 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, August 23rd. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio is presently 78.66%.

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A number of brokerages recently commented on HSY. Susquehanna Bancshares Inc set a $115.00 price target on Hershey Company (The) and gave the stock a “hold” rating in a report on Saturday, June 17th. Credit Suisse Group reiterated a “buy” rating and set a $121.00 price target on shares of Hershey Company (The) in a report on Friday, July 28th. Zacks Investment Research upgraded Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Wednesday, June 28th. BidaskClub lowered Hershey Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $114.00 price target on shares of Hershey Company (The) in a report on Friday, July 21st. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $109.14.

In other Hershey Company (The) news, insider Michele Buck sold 400 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total value of $43,200.00. Following the completion of the sale, the insider now owns 166,097 shares in the company, valued at approximately $17,938,476. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP D Michael Wege sold 1,100 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $106.99, for a total value of $117,689.00. Following the completion of the sale, the senior vice president now owns 28,066 shares of the company’s stock, valued at approximately $3,002,781.34. The disclosure for this sale can be found here. Insiders sold a total of 97,408 shares of company stock valued at $11,100,636 in the last quarter. 0.92% of the stock is currently owned by company insiders.

Hershey Company (The) Company Profile

The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.

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Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

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