BB&T Corp lowered its stake in shares of Hershey Company (The) (NYSE:HSY) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,150 shares of the company’s stock after selling 223 shares during the period. BB&T Corp’s holdings in Hershey Company (The) were worth $1,304,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. BTIM Corp. increased its stake in Hershey Company (The) by 7.6% in the second quarter. BTIM Corp. now owns 299,005 shares of the company’s stock worth $32,104,000 after buying an additional 21,180 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new stake in Hershey Company (The) during the second quarter worth approximately $1,346,000. Aperio Group LLC increased its stake in Hershey Company (The) by 3.2% in the second quarter. Aperio Group LLC now owns 124,142 shares of the company’s stock worth $13,329,000 after buying an additional 3,813 shares during the period. Diversified Trust Co increased its stake in Hershey Company (The) by 12.1% in the second quarter. Diversified Trust Co now owns 2,401 shares of the company’s stock worth $258,000 after buying an additional 260 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Hershey Company (The) by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the company’s stock worth $934,000 after buying an additional 100 shares during the period. 51.16% of the stock is owned by institutional investors.

Hershey Company (HSY) traded up 0.75% during mid-day trading on Monday, hitting $105.65. 761,613 shares of the stock were exchanged. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49. The stock has a market cap of $22.44 billion, a PE ratio of 33.75 and a beta of 0.38. The stock’s 50 day moving average is $107.82 and its 200 day moving average is $108.63.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. The business had revenue of $1.66 billion for 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 company’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Analysts forecast that Hershey Company will post $4.82 EPS for the current fiscal year.

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

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A number of equities research analysts have commented on the stock. Credit Suisse Group reaffirmed a “buy” rating and issued a $121.00 target price on shares of Hershey Company (The) in a research report on Friday, July 28th. Deutsche Bank AG reiterated a “hold” rating and set a $111.00 price target (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $115.00 price target (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 price target on shares of Hershey Company (The) and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Finally, Morgan Stanley dropped their price target on shares of Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. Five equities research 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 stock presently has an average rating of “Hold” and an average price target of $109.14.

In other news, SVP D Michael Wege sold 1,100 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $106.99, for a total value of $117,689.00. Following the transaction, the senior vice president now directly owns 28,066 shares of the company’s stock, valued at $3,002,781.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michele Buck sold 400 shares of the firm’s stock in a transaction dated 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 directly owns 166,097 shares in the company, valued at $17,938,476. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,086 shares of company stock worth $11,922,182. 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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