TIAA CREF Investment Management LLC grew its stake in Hershey Company (The) (NYSE:HSY) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 794,994 shares of the company’s stock after acquiring an additional 35,812 shares during the quarter. TIAA CREF Investment Management LLC owned 0.52% of Hershey Company (The) worth $85,359,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HSY. Profund Advisors LLC increased its stake in shares of Hershey Company (The) by 0.7% in the 1st quarter. Profund Advisors LLC now owns 3,397 shares of the company’s stock valued at $371,000 after acquiring an additional 23 shares during the last quarter. Gargoyle Investment Advisor L.L.C. bought a new stake in shares of Hershey Company (The) in the 1st quarter valued at about $2,484,000. Xact Kapitalforvaltning AB increased its stake in shares of Hershey Company (The) by 4.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 17,878 shares of the company’s stock valued at $1,953,000 after acquiring an additional 807 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Hershey Company (The) by 61.0% in the 1st quarter. Pictet Asset Management Ltd. now owns 134,683 shares of the company’s stock valued at $14,714,000 after acquiring an additional 51,033 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Hershey Company (The) by 9.2% in the 1st quarter. LS Investment Advisors LLC now owns 5,451 shares of the company’s stock valued at $596,000 after acquiring an additional 457 shares during the last quarter. 51.39% of the stock is owned by institutional investors.

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A number of brokerages have recently commented on HSY. Credit Suisse Group reaffirmed a “buy” rating and issued a $121.00 price target on shares of Hershey Company (The) in a research note on Friday, July 28th. Susquehanna Bancshares Inc set a $115.00 price target on Hershey Company (The) and gave the company a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Wednesday, June 28th. BidaskClub cut Hershey Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $114.00 price target on shares of Hershey Company (The) in a research note on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $111.48.

Shares of Hershey Company (NYSE HSY) opened at 110.50 on Friday. The company’s 50-day moving average price is $106.42 and its 200-day moving average price is $108.51. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The company has a market capitalization of $23.48 billion, a PE ratio of 35.30 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts expect that Hershey Company will post $4.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $0.656 dividend. The ex-dividend date was Wednesday, August 23rd. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 annualized dividend and a yield of 2.37%. Hershey Company (The)’s payout ratio is 83.44%.

In other news, insider Michele Buck sold 400 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $110.11, for a total transaction of $44,044.00. Following the completion of the sale, the insider now owns 166,497 shares in the company, valued at $18,332,984.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Leslie M. Turner sold 6,373 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $112.00, for a total value of $713,776.00. Following the sale, the senior vice president now owns 80,909 shares of the company’s stock, valued at approximately $9,061,808. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,509,773 shares of company stock worth $478,121,705. Insiders own 0.92% of the company’s stock.

Hershey Company (The) 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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