Nuance Investments LLC bought a new stake in Hershey Company (The) (NYSE:HSY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,464 shares of the company’s stock, valued at approximately $2,949,000.

Several other large investors also recently modified their holdings of HSY. Macquarie Group Ltd. increased its stake in shares of Hershey Company (The) by 323.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,200 shares of the company’s stock valued at $745,000 after buying an additional 5,500 shares during the last quarter. Profund Advisors LLC increased its stake 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. Glen Harbor Capital Management LLC increased its stake in shares of Hershey Company (The) by 17.7% in the first quarter. Glen Harbor Capital Management LLC now owns 8,052 shares of the company’s stock valued at $880,000 after buying an additional 1,210 shares during the last quarter. Strs Ohio increased its stake in shares of Hershey Company (The) by 4.0% in the first quarter. Strs Ohio now owns 18,290 shares of the company’s stock valued at $1,998,000 after buying an additional 697 shares during the last quarter. 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 last quarter. 51.38% of the stock is owned by institutional investors.

Hershey Company (NYSE HSY) opened at 105.61 on Friday. The company has a 50-day moving average price of $105.89 and a 200-day moving average price of $108.51. The stock has a market cap of $22.44 billion, a P/E ratio of 33.74 and a beta of 0.38. Hershey Company has a one year low of $94.03 and a one year high of $116.49.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter 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. On average, analysts anticipate that Hershey Company will post $4.82 earnings per share for the current year.

The firm also recently disclosed 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. The ex-dividend date of this dividend 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 dividend on an annualized basis and a dividend yield of 2.48%. Hershey Company (The)’s payout ratio is presently 83.44%.

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HSY has been the subject of several analyst reports. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $115.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research report on Friday, June 2nd. BidaskClub downgraded Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $116.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Wednesday, June 28th. Finally, Morgan Stanley decreased 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 report on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $111.48.

In other news, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of Hershey Company (The) stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $106.01, for a total value of $477,045,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP D Michael Wege sold 1,100 shares of Hershey Company (The) stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $114.04, for a total value of $125,444.00. Following the completion of the transaction, the senior vice president now owns 27,966 shares in the company, valued at $3,189,242.64. The disclosure for this sale can be found here. Insiders sold 4,551,154 shares of company stock worth $482,840,181 over the last quarter. 0.92% of the stock is currently owned by corporate 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.

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Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

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