Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Hershey Company (The) (NYSE:HSY) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,681 shares of the company’s stock after selling 2,706 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of Hershey Company (The) worth $33,250,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Invictus RG purchased a new stake in shares of Hershey Company (The) during the first quarter valued at about $155,000. Independent Portfolio Consultants Inc. increased its stake 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 increased its stake 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 stake in shares of Hershey Company (The) during the second quarter valued at about $174,000. Finally, Enterprise Financial Services Corp increased its stake 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. 51.38% of the stock is owned by institutional investors.

Shares of Hershey Company (NYSE HSY) opened at 104.92 on Friday. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The firm has a market capitalization of $22.29 billion, a price-to-earnings ratio of 33.52 and a beta of 0.38. The firm has a 50-day moving average price of $105.87 and a 200 day moving average price of $108.52.

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

The business 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 $0.656 dividend. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a yield of 2.50%. Hershey Company (The)’s payout ratio is currently 83.44%.

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HSY has been the subject of several research analyst reports. Credit Suisse Group reiterated a “buy” rating and set a $121.00 target price on shares of Hershey Company (The) in a research note on Friday, July 28th. Zacks Investment Research upgraded Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Wednesday, June 28th. Morgan Stanley reduced their target price on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Deutsche Bank AG reiterated a “hold” rating and set a $111.00 target price (down from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc set a $118.00 target price on Hershey Company (The) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $111.48.

In related news, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $106.01, for a total value of $477,045,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP D Michael Wege sold 1,100 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $114.04, for a total value of $125,444.00. Following the completion of the sale, the senior vice president now directly owns 27,966 shares in the company, valued at approximately $3,189,242.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,551,154 shares of company stock worth $482,840,181. 0.92% of the stock is 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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