Hershey Co (NYSE:HSY) Shares Acquired by CSat Investment Advisory L.P.

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CSat Investment Advisory L.P. lifted its stake in shares of Hershey Co (NYSE:HSY) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,934 shares of the company’s stock after acquiring an additional 496 shares during the quarter. Hershey comprises about 0.8% of CSat Investment Advisory L.P.’s investment portfolio, making the stock its 19th biggest holding. CSat Investment Advisory L.P.’s holdings in Hershey were worth $2,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HSY. Dimensional Fund Advisors LP increased its stake in shares of Hershey by 23.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 634,859 shares of the company’s stock valued at $68,042,000 after acquiring an additional 120,051 shares during the period. Cornerstone Advisors Inc. increased its stake in shares of Hershey by 37.3% during 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. JPMorgan Chase & Co. increased its stake in shares of Hershey by 365.2% during the first quarter. JPMorgan Chase & Co. now owns 953,783 shares of the company’s stock valued at $109,523,000 after acquiring an additional 748,757 shares during the period. Laurion Capital Management LP acquired a new position in shares of Hershey during the first quarter valued at approximately $602,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Hershey by 0.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 580,247 shares of the company’s stock valued at $66,630,000 after acquiring an additional 2,789 shares during the period. Institutional investors and hedge funds own 53.60% of the company’s stock.

HSY has been the subject of a number of research reports. Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 target price for the company. in a report on Thursday, September 12th. They noted that the move was a valuation call. Wells Fargo & Co raised their target price on shares of Hershey from $112.00 to $130.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. They noted that the move was a valuation call. Citigroup raised their target price on shares of Hershey from $140.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Credit Suisse Group raised their target price on shares of Hershey from $130.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, UBS Group upgraded shares of Hershey from a “sell” rating to a “neutral” rating and raised their target price for the stock from $100.00 to $145.00 in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $141.93.

In other Hershey news, insider Michele Buck sold 1,500 shares of Hershey stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.56, for a total transaction of $233,340.00. Following the completion of the sale, the insider now owns 156,929 shares of the company’s stock, valued at approximately $24,411,875.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hershey Trust Co sold 10,000 shares of Hershey stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $152.82, for a total transaction of $1,528,200.00. Following the sale, the insider now directly owns 92,330 shares of the company’s stock, valued at approximately $14,109,870.60. The disclosure for this sale can be found here. Insiders sold a total of 23,600 shares of company stock valued at $3,611,368 in the last ninety days. Company insiders own 0.41% of the company’s stock.

Hershey stock traded up $0.49 during midday trading on Friday, reaching $153.94. The stock had a trading volume of 3,212,364 shares, compared to its average volume of 1,231,259. The firm’s fifty day simple moving average is $155.33 and its two-hundred day simple moving average is $134.47. Hershey Co has a twelve month low of $99.15 and a twelve month high of $162.20. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.88 and a quick ratio of 0.48. The firm has a market cap of $32.08 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.33 and a beta of 0.06.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $1.14 EPS. The company’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Hershey Co will post 5.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 23rd were paid a $0.773 dividend. This is a positive change from Hershey’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, August 22nd. This represents a $3.09 dividend on an annualized basis and a yield of 2.01%. Hershey’s dividend payout ratio (DPR) is currently 57.65%.

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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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