Schwab Charles Investment Management Inc. increased its position in Hershey Company (The) (NYSE:HSY) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,533 shares of the company’s stock after buying an additional 9,847 shares during the period. Schwab Charles Investment Management Inc. owned 0.21% of Hershey Company (The) worth $47,801,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HSY. Invictus RG acquired a new position in Hershey Company (The) during the first quarter worth about $155,000. 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 worth $168,000 after buying an additional 475 shares during the last quarter. Enterprise Financial Services Corp boosted 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 during the last quarter. Johnson Financial Group Inc. boosted its position in 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 last quarter. Finally, Rational Advisors LLC boosted its position in Hershey Company (The) by 14.3% in the first quarter. Rational Advisors LLC now owns 1,817 shares of the company’s stock worth $199,000 after buying an additional 227 shares during the last quarter. 51.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hershey Company (NYSE:HSY) traded up 0.64% during midday trading on Friday, reaching $105.47. 570,742 shares of the company’s stock were exchanged. The company has a market capitalization of $16.05 billion, a PE ratio of 36.88 and a beta of 0.38. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The firm has a 50-day moving average of $112.17 and a 200-day moving average of $108.15.

Hershey Company (The) (NYSE:HSY) last released its earnings results on Wednesday, April 26th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Hershey Company (The) had a return on equity of 117.02% and a net margin of 8.21%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. Equities analysts expect that Hershey Company will post $4.80 earnings per share for the current fiscal year.

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A number of analysts have recently commented on the stock. BidaskClub cut shares of Hershey Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research cut shares of Hershey Company (The) from a “buy” rating to a “sell” rating in a research note on Thursday, June 29th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $116.00 target price (down from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc set a $115.00 target price on shares of Hershey Company (The) and gave the company a “hold” rating in a research report on Saturday, June 17th. Finally, Deutsche Bank AG decreased their price target on shares of Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, April 28th. 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 an average price target of $109.13.

In related news, insider Michele Buck sold 400 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $110.11, for a total value of $44,044.00. Following the completion of the sale, the insider now directly owns 166,497 shares in the company, valued at approximately $18,332,984.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $108.29, for a total value of $119,119.00. Following the sale, the senior vice president now owns 28,166 shares of the company’s stock, valued at $3,050,096.14. The disclosure for this sale can be found here. Insiders have sold a total of 111,689 shares of company stock worth $12,647,422 in the last ninety days. Insiders own 0.92% of the company’s stock.

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.

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

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