Glenmede Trust Co. NA maintained its stake in shares of Hershey Company (The) (NYSE:HSY) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,937 shares of the company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Hershey Company (The) were worth $7,336,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Edgestream Partners L.P. acquired a new position in shares of Hershey Company (The) during the first quarter worth about $813,000. Paloma Partners Management Co increased its position in shares of Hershey Company (The) by 268.5% in the first quarter. Paloma Partners Management Co now owns 21,091 shares of the company’s stock worth $2,304,000 after buying an additional 15,367 shares in the last quarter. National Asset Management Inc. increased its position in shares of Hershey Company (The) by 5.7% in the first quarter. National Asset Management Inc. now owns 2,065 shares of the company’s stock worth $228,000 after buying an additional 112 shares in the last quarter. Scopus Asset Management L.P. acquired a new position in shares of Hershey Company (The) during the first quarter worth about $8,194,000. Finally, Gotham Asset Management LLC increased its position in shares of Hershey Company (The) by 9,155.0% in the first quarter. Gotham Asset Management LLC now owns 269,783 shares of the company’s stock worth $29,474,000 after buying an additional 266,868 shares in the last quarter. Hedge funds and other institutional investors own 51.27% of the company’s stock.

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

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate 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%. Hershey Company (The)’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, analysts anticipate that Hershey Company will post $4.81 earnings per share for the current year.

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

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A number of equities analysts have issued reports on the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $115.00 price target (down previously from $119.00) on shares of Hershey Company (The) in a research report on Friday, June 2nd. BidaskClub downgraded Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. Deutsche Bank AG decreased their target price on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $116.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Hershey Company (The) presently has a consensus rating of “Hold” and a consensus price target of $109.14.

In other Hershey Company (The) news, SVP Terence L. O’day sold 7,678 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $107.00, for a total value of $821,546.00. Following the completion of the sale, the senior vice president now owns 37,428 shares of the company’s stock, valued at $4,004,796. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terence L. O’day sold 37,875 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $113.88, for a total transaction of $4,313,205.00. Following the completion of the sale, the senior vice president now directly owns 75,303 shares of the company’s stock, valued at approximately $8,575,505.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,086 shares of company stock valued at $11,922,182. 0.92% of the stock is currently 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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