Zurich Insurance Group Ltd FI lowered its position in Hershey Company (The) (NYSE:HSY) by 28.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 27,788 shares of the company’s stock after selling 11,233 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Hershey Company (The) were worth $2,984,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. RB Capital Management LLC lifted its position in shares of Hershey Company (The) by 0.5% in the 2nd quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock worth $358,000 after purchasing an additional 18 shares during the period. Obermeyer Wood Investment Counsel Lllp lifted its position in shares of Hershey Company (The) by 0.3% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 6,344 shares of the company’s stock worth $681,000 after purchasing an additional 19 shares during the period. Geneva Advisors LLC lifted its position in shares of Hershey Company (The) by 0.4% in the 2nd quarter. Geneva Advisors LLC now owns 4,744 shares of the company’s stock worth $509,000 after purchasing an additional 19 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of Hershey Company (The) by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock worth $907,000 after purchasing an additional 23 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Hershey Company (The) by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,545 shares of the company’s stock worth $918,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 51.39% of the company’s stock.

In other Hershey Company (The) news, insider Michele Buck sold 400 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the completion of the transaction, the insider now owns 166,097 shares of the company’s stock, valued at $17,938,476. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP D Michael Wege sold 1,100 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $105.45, for a total value of $115,995.00. Following the transaction, the senior vice president now directly owns 27,866 shares of the company’s stock, valued at approximately $2,938,469.70. The disclosure for this sale can be found here. Insiders have sold 4,504,500 shares of company stock valued at $477,527,458 in the last three months. Insiders own 0.92% of the company’s stock.

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Shares of Hershey Company (HSY) opened at 108.295 on Thursday. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The firm’s 50-day moving average is $107.40 and its 200-day moving average is $108.44. The company has a market cap of $23.01 billion, a price-to-earnings ratio of 34.599 and a beta of 0.39.

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 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 return on equity of 119.66% and a net margin of 8.95%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. Equities research analysts predict that Hershey Company will post $4.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $0.656 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $2.62 annualized dividend and a yield of 2.42%. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio (DPR) is currently 83.44%.

A number of research analysts have recently issued reports on the stock. Susquehanna Bancshares Inc set a $115.00 price target on shares of Hershey Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Monday. Sanford C. Bernstein upgraded shares of Hershey Company (The) from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $109.00 to $127.00 in a research report on Thursday, August 17th. BidaskClub downgraded shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 price target (up previously from $114.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Hershey Company (The) has an average rating of “Hold” and an average price target of $111.55.

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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