Hershey Company (The) (NYSE:HSY) insider Michele Buck sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $108.00, for a total value of $43,200.00. Following the completion of the sale, the insider now owns 165,697 shares of the company’s stock, valued at approximately $17,895,276. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Michele Buck also recently made the following trade(s):

  • On Wednesday, July 26th, Michele Buck sold 400 shares of Hershey Company (The) stock. The stock was sold at an average price of $108.00, for a total value of $43,200.00.
  • On Monday, June 26th, Michele Buck sold 400 shares of Hershey Company (The) stock. The stock was sold at an average price of $110.11, for a total value of $44,044.00.

Shares of Hershey Company (HSY) opened at 109.65 on Tuesday. The firm has a market capitalization of $23.29 billion, a PE ratio of 35.03 and a beta of 0.38. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The stock has a 50 day moving average price of $105.93 and a 200 day moving average price of $108.46.

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 Zacks’ consensus estimate of $0.90 by $0.19. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $0.85 EPS. Hershey Company (The)’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Hershey Company will post $4.82 earnings per share for the current fiscal year.

The company also recently declared 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. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, August 23rd. Hershey Company (The)’s dividend payout ratio is presently 83.44%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/09/12/hershey-company-the-hsy-insider-michele-buck-sells-400-shares.html.

Several institutional investors and hedge funds have recently made changes to their positions in HSY. BlackRock Inc. lifted its stake in shares of Hershey Company (The) by 3,144.3% in the 1st quarter. BlackRock Inc. now owns 10,106,348 shares of the company’s stock valued at $1,104,118,000 after acquiring an additional 9,794,835 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Hershey Company (The) by 19,853.3% in the 2nd quarter. Janus Henderson Group PLC now owns 3,786,147 shares of the company’s stock valued at $406,519,000 after acquiring an additional 3,767,172 shares during the last quarter. AJO LP lifted its stake in shares of Hershey Company (The) by 13,232.0% in the 2nd quarter. AJO LP now owns 747,924 shares of the company’s stock valued at $80,305,000 after acquiring an additional 742,314 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Hershey Company (The) by 60.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,699,400 shares of the company’s stock valued at $182,465,000 after acquiring an additional 639,400 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Hershey Company (The) in the 2nd quarter valued at $614,000. Institutional investors own 51.39% of the company’s stock.

HSY has been the subject of several analyst reports. Credit Suisse Group restated a “buy” rating and set a $121.00 target price on shares of Hershey Company (The) in a research report on Friday, July 28th. Susquehanna Bancshares Inc set a $115.00 target price on Hershey Company (The) and gave the stock a “hold” rating in a research 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 target price for the company in a research report on Wednesday, June 28th. BidaskClub downgraded Hershey Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $114.00 target price on shares of Hershey Company (The) in a research report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Hershey Company (The) currently has an average rating of “Hold” and a consensus target price of $111.48.

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.

Insider Buying and Selling by Quarter for Hershey Company (The) (NYSE:HSY)

Receive News & Stock Ratings for Hershey Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey Company (The) and related stocks with our FREE daily email newsletter.