Advisors Management Group Inc. ADV held its position in Hershey Company (The) (NYSE:HSY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,400 shares of the company’s stock at the end of the second quarter. Advisors Management Group Inc. ADV’s holdings in Hershey Company (The) were worth $258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invictus RG acquired a new stake in Hershey Company (The) during the first quarter worth approximately $155,000. Independent Portfolio Consultants Inc. raised its position in shares of Hershey Company (The) by 139.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock valued at $163,000 after buying an additional 886 shares during the period. YorkBridge Wealth Partners LLC raised its position in shares of Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after buying an additional 475 shares during the period. Dupont Capital Management Corp purchased a new position in shares of Hershey Company (The) during the second quarter valued at about $174,000. Finally, 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 period. Hedge funds and other institutional investors own 51.31% of the company’s stock.

Shares of Hershey Company (NYSE HSY) traded down 0.36% during mid-day trading on Monday, reaching $106.95. 56,690 shares of the company’s stock traded hands. Hershey Company has a 12-month low of $94.03 and a 12-month high of $116.49. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 34.17 and a beta of 0.38. The firm’s 50 day moving average price is $105.87 and its 200-day moving average price is $108.58.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. The firm 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 business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. Equities research analysts forecast that Hershey Company will post $4.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.656 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, August 23rd. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio (DPR) is presently 78.66%.

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HSY has been the subject of several research analyst reports. Credit Suisse Group reissued an “outperform” rating on shares of Hershey Company (The) in a report on Sunday, April 23rd. Deutsche Bank AG cut 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. Zacks Investment Research raised shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Wednesday, June 28th. Morgan Stanley cut 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 report on Tuesday, July 18th. Finally, 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 report on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Hershey Company (The) presently has a consensus rating of “Hold” and an average price target of $110.95.

In other news, SVP Terence L. O’day sold 37,875 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 75,303 shares of the company’s stock, valued at approximately $8,575,505.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP D Michael Wege sold 14,440 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $115.55, for a total transaction of $1,668,542.00. Following the sale, the senior vice president now directly owns 42,506 shares in the company, valued at approximately $4,911,568.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,159 shares of company stock worth $10,522,047. 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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