Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Hershey Company (The) (NYSE:HSY) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 411,214 shares of the company’s stock after buying an additional 5,262 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.27% of Hershey Company (The) worth $44,152,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in Hershey Company (The) by 3,144.3% in the first quarter. BlackRock Inc. now owns 10,106,348 shares of the company’s stock valued at $1,104,118,000 after buying an additional 9,794,835 shares in the last quarter. Vanguard Group Inc. increased its stake in Hershey Company (The) by 2.7% in the first quarter. Vanguard Group Inc. now owns 9,285,024 shares of the company’s stock valued at $1,014,388,000 after buying an additional 242,418 shares in the last quarter. State Street Corp increased its stake in Hershey Company (The) by 1.0% in the first quarter. State Street Corp now owns 6,194,621 shares of the company’s stock valued at $676,773,000 after buying an additional 64,006 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in Hershey Company (The) by 3.4% in the first quarter. Pioneer Investment Management Inc. now owns 3,965,863 shares of the company’s stock valued at $433,270,000 after buying an additional 131,084 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Hershey Company (The) by 2.7% in the first quarter. Alliancebernstein L.P. now owns 2,524,908 shares of the company’s stock valued at $275,846,000 after buying an additional 65,991 shares in the last quarter. 51.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hershey Company (NYSE HSY) opened at 105.16 on Friday. The stock has a market cap of $22.34 billion, a P/E ratio of 33.60 and a beta of 0.38. The firm’s 50-day moving average price is $105.90 and its 200 day moving average price is $108.60. Hershey Company has a one year low of $94.03 and a one year high of $116.49.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 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 analyst estimates of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. Equities research analysts expect that Hershey Company will post $4.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.656 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio is currently 83.44%.

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Several research firms recently issued reports on HSY. Credit Suisse Group reiterated a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a report on Friday, July 28th. Susquehanna Bancshares Inc set a $115.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research upgraded Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Wednesday, June 28th. BidaskClub downgraded Hershey Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $114.00 price objective 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, nine have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $110.77.

In other news, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $106.01, for a total transaction of $477,045,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David L. Shedlarz sold 4,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $115.45, for a total transaction of $519,525.00. Following the transaction, the director now directly 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 4,592,159 shares of company stock valued at $487,567,047 in the last ninety days. 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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