Edgestream Partners L.P. purchased a new stake in Hershey Company (The) (NYSE:HSY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,440 shares of the company’s stock, valued at approximately $813,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its stake in Hershey Company (The) by 86.9% in the first quarter. Raymond James Trust N.A. now owns 4,509 shares of the company’s stock valued at $493,000 after buying an additional 2,096 shares during the period. Contravisory Investment Management Inc. boosted its stake in shares of Hershey Company (The) by 743.8% in the first quarter. Contravisory Investment Management Inc. now owns 2,236 shares of the company’s stock valued at $244,000 after buying an additional 1,971 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Hershey Company (The) by 8.4% in the first quarter. Manning & Napier Advisors LLC now owns 32,017 shares of the company’s stock valued at $3,497,000 after buying an additional 2,484 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Hershey Company (The) by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 124,850 shares of the company’s stock valued at $13,640,000 after buying an additional 4,321 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its stake in shares of Hershey Company (The) by 2.0% in the first quarter. Franklin Street Advisors Inc. NC now owns 135,133 shares of the company’s stock valued at $14,763,000 after buying an additional 2,623 shares during the last quarter. Institutional investors own 51.27% of the company’s stock.

Shares of Hershey Company (NYSE:HSY) traded down 0.05% during trading on Thursday, hitting $105.54. The stock had a trading volume of 727,496 shares. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 33.72 and a beta of 0.38. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The firm has a 50 day moving average price of $107.82 and a 200-day moving average price of $108.63.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.19. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, equities research analysts forecast that Hershey Company will post $4.81 EPS for the current fiscal year.

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

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Several analysts recently commented on HSY shares. Zacks Investment Research upgraded Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Wednesday, June 28th. Credit Suisse Group reiterated a “buy” rating and issued a $121.00 target price on shares of Hershey Company (The) in a report on Friday, July 28th. Morgan Stanley reduced their target price on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Susquehanna Bancshares Inc set a $118.00 target price on Hershey Company (The) and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $114.00 target price on shares of Hershey Company (The) in a report on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $109.14.

In other Hershey Company (The) news, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the completion of the transaction, the insider now owns 166,097 shares in the company, valued at $17,938,476. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David L. Shedlarz sold 4,500 shares of Hershey Company (The) stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $115.45, for a total value of $519,525.00. Following the transaction, the director now owns 15,342 shares of the company’s stock, valued at approximately $1,771,233.90. The disclosure for this sale can be found here. Insiders have sold 105,086 shares of company stock valued at $11,922,182 in the last quarter. 0.92% of the stock is 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.

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

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