Hershey Co (NYSE:HSY) Major Shareholder Sells $918,300.00 in Stock

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Hershey Co (NYSE:HSY) major shareholder Hershey Trust Co sold 6,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $153.05, for a total transaction of $918,300.00. Following the sale, the insider now directly owns 86,330 shares in the company, valued at approximately $13,212,806.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Hershey Trust Co also recently made the following trade(s):

  • On Tuesday, July 30th, Hershey Trust Co sold 10,000 shares of Hershey stock. The stock was sold at an average price of $152.82, for a total transaction of $1,528,200.00.

HSY stock opened at $152.61 on Thursday. The stock’s 50 day moving average price is $142.64. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.88 and a quick ratio of 0.48. Hershey Co has a fifty-two week low of $96.75 and a fifty-two week high of $153.91. The stock has a market capitalization of $31.62 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 3.31 and a beta of 0.09.

Hershey (NYSE:HSY) last released its earnings results on Thursday, July 25th. The company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.13. Hershey had a net margin of 15.51% and a return on equity of 83.29%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Hershey Co will post 5.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 23rd will be paid a dividend of $0.773 per share. This represents a $3.09 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Hershey’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, August 22nd. Hershey’s dividend payout ratio is presently 53.92%.

HSY has been the topic of several research reports. Goldman Sachs Group raised shares of Hershey from a “sell” rating to a “neutral” rating and increased their price target for the stock from $86.00 to $142.00 in a research report on Wednesday, July 17th. Zacks Investment Research cut shares of Hershey from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. BMO Capital Markets increased their price target on shares of Hershey to $133.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Barclays increased their price target on shares of Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Co increased their price target on shares of Hershey from $112.00 to $130.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $138.71.

Hedge funds have recently added to or reduced their stakes in the stock. Berman Capital Advisors LLC boosted its holdings in shares of Hershey by 172.8% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 140 shares during the period. Trustcore Financial Services LLC acquired a new stake in shares of Hershey in the first quarter valued at approximately $29,000. Bremer Bank National Association acquired a new stake in shares of Hershey in the first quarter valued at approximately $34,000. First Interstate Bank acquired a new stake in shares of Hershey in the second quarter valued at approximately $38,000. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of Hershey by 37.3% in the first quarter. Cornerstone Advisors Inc. now owns 302 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 53.77% of the company’s stock.

About Hershey

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

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