Carret Asset Management LLC held its stake in Hershey Company (The) (NYSE:HSY) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,900 shares of the company’s stock at the close of the 2nd quarter. Carret Asset Management LLC’s holdings in Hershey Company (The) were worth $1,278,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. RB Capital Management LLC increased its stake in shares of Hershey Company (The) by 0.5% in the second quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock valued at $358,000 after buying an additional 18 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp increased its position in Hershey Company (The) by 0.3% in the second 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 increased its position in Hershey Company (The) by 0.4% in the second 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 increased its position in Hershey Company (The) by 0.3% in the second 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. increased its position in Hershey Company (The) by 0.5% in the second 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. Institutional investors own 51.39% of the company’s stock.

In related news, SVP D Michael Wege sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $105.45, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michele Buck sold 400 shares of the firm’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 sale, the insider now directly owns 165,297 shares of the company’s stock, valued at approximately $17,852,076. 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 ninety days. 0.92% of the stock is currently owned by insiders.

A number of analysts recently commented on the company. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $116.00 price objective (down from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. Zacks Investment Research upgraded Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Monday. Credit Suisse Group AG reiterated a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $115.00 price objective (up from $114.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc set a $118.00 price objective on Hershey Company (The) and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Three equities 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. The company currently has a consensus rating of “Hold” and an average price target of $111.55.

Hershey Company (HSY) traded down 0.14% during trading on Friday, hitting $108.77. The stock had a trading volume of 202,217 shares. The company has a 50-day moving average of $107.48 and a 200 day moving average of $108.44. The company has a market cap of $23.11 billion, a price-to-earnings ratio of 34.75 and a beta of 0.39. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.19. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, equities research analysts anticipate that Hershey Company will post $4.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a yield of 2.41%. Hershey Company (The)’s dividend payout ratio is currently 83.44%.

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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.

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

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