Janus Henderson Group PLC lifted its stake in Hershey Company (The) (NYSE:HSY) by 19,853.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,786,147 shares of the company’s stock after buying an additional 3,767,172 shares during the quarter. Janus Henderson Group PLC owned about 2.49% of Hershey Company (The) worth $406,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Hershey Company (The) by 5.5% in the second quarter. BlackRock Inc. now owns 10,664,194 shares of the company’s stock worth $1,145,016,000 after buying an additional 557,846 shares during the period. Vanguard Group Inc. raised its stake in shares of Hershey Company (The) by 2.8% in the second quarter. Vanguard Group Inc. now owns 9,545,096 shares of the company’s stock worth $1,024,857,000 after buying an additional 260,072 shares during the period. State Street Corp raised its stake in shares of Hershey Company (The) by 1.0% in the first quarter. State Street Corp now owns 6,194,621 shares of the company’s stock worth $676,773,000 after buying an additional 64,006 shares during the period. Alliancebernstein L.P. raised its stake in shares of Hershey Company (The) by 2.7% in the first quarter. Alliancebernstein L.P. now owns 2,524,908 shares of the company’s stock worth $275,846,000 after buying an additional 65,991 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Hershey Company (The) by 0.3% in the second quarter. Northern Trust Corp now owns 1,825,282 shares of the company’s stock worth $195,980,000 after buying an additional 5,796 shares during the period. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michele Buck sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. 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 directly owns 165,297 shares in the company, valued at $17,852,076. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 27,866 shares of the company’s stock, valued at $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.

Shares of Hershey Company (NYSE HSY) traded up 0.42% during mid-day trading on Thursday, reaching $108.69. The company had a trading volume of 150,467 shares. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The company has a market capitalization of $23.09 billion, a price-to-earnings ratio of 34.73 and a beta of 0.39. The stock has a 50 day moving average of $107.40 and a 200-day moving average of $108.44.

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

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

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/05/janus-henderson-group-plc-buys-3767172-shares-of-hershey-company-the-hsy.html.

Several research analysts have recently commented on HSY shares. Morgan Stanley decreased their price objective on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $116.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. BidaskClub downgraded Hershey Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Credit Suisse Group reaffirmed a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 28th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $111.00 price objective (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $111.55.

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)

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.