GSA Capital Partners LLP purchased a new position in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,785 shares of the company’s stock, valued at approximately $729,000.

Other large investors also recently bought and sold shares of the company. QCI Asset Management Inc. NY raised its stake in Hershey Company (The) by 10.8% during the second quarter. QCI Asset Management Inc. NY now owns 1,024 shares of the company’s stock worth $110,000 after purchasing an additional 100 shares during the period. Fiduciary Trust Co. purchased a new position in Hershey Company (The) during the second quarter worth approximately $125,000. Invictus RG purchased a new position in Hershey Company (The) during the first quarter worth approximately $155,000. Independent Portfolio Consultants Inc. raised its stake in Hershey Company (The) by 139.5% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock worth $163,000 after purchasing an additional 886 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in Hershey Company (The) during the second quarter worth approximately $174,000. 51.39% of the stock is currently owned by institutional investors.

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HSY has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of 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 set a $116.00 price target (down previously from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Hershey Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $121.00 price target on shares of Hershey Company (The) in a research note on Friday, July 28th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $111.00 price target (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $111.55.

Hershey Company (NYSE:HSY) opened at 108.92 on Friday. The stock has a 50 day moving average of $107.48 and a 200-day moving average of $108.44. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The stock has a market cap of $23.14 billion, a P/E ratio of 34.80 and a beta of 0.39.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the company earned $0.85 earnings per share. Hershey Company (The)’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts forecast 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. Stockholders of record on Friday, August 25th were paid a $0.656 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.41%. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 23rd. Hershey Company (The)’s payout ratio is presently 83.44%.

In other news, insider Michele Buck sold 400 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were 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 166,097 shares in the company, valued at $17,938,476. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $106.01, for a total transaction of $477,045,000.00. The disclosure for this sale can be found here. Insiders sold 4,504,500 shares of company stock valued at $477,527,458 over the last 90 days. 0.92% of the stock is owned by corporate insiders.

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)

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