CIBC Asset Management Inc raised its stake in shares of Hershey Company (The) (NYSE:HSY) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,793 shares of the company’s stock after buying an additional 779 shares during the period. CIBC Asset Management Inc’s holdings in Hershey Company (The) were worth $2,018,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kanawha Capital Management LLC raised its stake in Hershey Company (The) by 0.3% in the first quarter. Kanawha Capital Management LLC now owns 3,451 shares of the company’s stock worth $377,000 after buying an additional 12 shares during the period. Enterprise Financial Services Corp raised its position 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 valued at $184,000 after buying an additional 14 shares during the last quarter. RB Capital Management LLC raised its position in shares of Hershey Company (The) by 0.5% in the second quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock valued at $358,000 after buying an additional 18 shares during the last quarter. Profund Advisors LLC raised its position in shares of Hershey Company (The) by 0.7% in the first quarter. Profund Advisors LLC now owns 3,397 shares of the company’s stock valued at $371,000 after buying an additional 23 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its position in shares of Hershey Company (The) by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock valued at $907,000 after buying an additional 23 shares during the last quarter. Institutional investors own 51.31% of the company’s stock.

Shares of Hershey Company (NYSE:HSY) traded down 0.47% during midday trading on Friday, hitting $107.34. 1,047,042 shares of the stock traded hands. The stock has a 50 day moving average of $105.87 and a 200 day moving average of $108.58. The company has a market capitalization of $22.80 billion, a P/E ratio of 34.29 and a beta of 0.38. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49.

Hershey Company (The) (NYSE:HSY) last issued its earnings results 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 firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Equities research analysts predict that Hershey Company will post $4.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.656 dividend. The ex-dividend date is Wednesday, August 23rd. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 annualized dividend and a dividend yield of 2.44%. Hershey Company (The)’s payout ratio is presently 78.66%.

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Several equities analysts recently weighed in on HSY shares. Sanford C. Bernstein raised shares of Hershey Company (The) from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $109.00 to $127.00 in a research report on Thursday. Susquehanna Bancshares Inc set a $115.00 price objective on shares of Hershey Company (The) and gave the company a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered shares of Hershey Company (The) from a “buy” rating to a “sell” rating in a research report on Thursday, June 29th. Deutsche Bank AG dropped their price target on shares of 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, Royal Bank Of Canada reissued a “hold” rating and issued a $114.00 price target on shares of Hershey Company (The) in a research report on Friday, July 21st. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Hershey Company (The) presently has an average rating of “Hold” and a consensus target price of $110.95.

In other Hershey Company (The) news, SVP D Michael Wege sold 14,440 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $115.55, for a total value of $1,668,542.00. Following the sale, the senior vice president now directly 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 link. Also, Director David L. Shedlarz sold 4,500 shares of the business’s 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 completion of the sale, the director now owns 15,342 shares in the company, valued at $1,771,233.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,159 shares of company stock worth $10,522,047. Corporate 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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