National Pension Service Increases Stake in Hershey Company (The) (HSY)

National Pension Service boosted its stake in Hershey Company (The) (NYSE:HSY) by 10.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 134,794 shares of the company’s stock after buying an additional 12,590 shares during the period. National Pension Service owned about 0.09% of Hershey Company (The) worth $14,372,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HSY. Invictus RG purchased a new position in Hershey Company (The) during the first quarter valued at $155,000. Independent Portfolio Consultants Inc. boosted its position in Hershey Company (The) by 139.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock valued at $163,000 after buying an additional 886 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after buying an additional 475 shares during the last quarter. Enterprise Financial Services Corp raised its stake in shares of 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 during the period. Finally, Johnson Financial Group Inc. raised its stake in shares of Hershey Company (The) by 9.5% in the first quarter. Johnson Financial Group Inc. now owns 1,733 shares of the company’s stock worth $189,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 51.31% of the company’s stock.

Hershey Company (HSY) traded down 0.04% on Tuesday, reaching $105.90. 548,409 shares of the company’s stock were exchanged. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The firm’s 50-day moving average is $105.91 and its 200-day moving average is $108.59. The firm has a market cap of $22.50 billion, a PE ratio of 33.83 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last released its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts forecast that Hershey Company will post $4.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.656 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $2.62 dividend on an annualized basis and a yield of 2.48%. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio (DPR) is 78.66%.

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A number of brokerages have issued reports on HSY. Credit Suisse Group AG reissued a “buy” rating and set a $121.00 target price on shares of Hershey Company (The) in a research note on Friday, July 28th. Deutsche Bank AG reissued a “hold” rating and set a $111.00 target price (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “sector perform” rating and set a $115.00 target price (up previously from $114.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Susquehanna Bancshares Inc set a $118.00 target price on shares of Hershey Company (The) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Finally, Morgan Stanley decreased their target price on shares of Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $109.14.

In other Hershey Company (The) news, SVP D Michael Wege sold 14,440 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $115.55, for a total value of $1,668,542.00. Following the completion of the sale, the senior vice president now owns 42,506 shares in the company, valued at $4,911,568.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Javier H. Idrovo sold 5,249 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $110.00, for a total transaction of $577,390.00. Following the completion of the sale, the vice president now owns 36,259 shares of the company’s stock, valued at approximately $3,988,490. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,308 shares of company stock valued at $10,982,947. 0.92% of the stock is owned by insiders.

About Hershey Company (The)

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.

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

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