Columbia Partners L L C Investment Management trimmed its holdings in Hershey Company (The) (NYSE:HSY) by 42.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,487 shares of the company’s stock after selling 19,822 shares during the period. Columbia Partners L L C Investment Management’s holdings in Hershey Company (The) were worth $2,891,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Obermeyer Wood Investment Counsel Lllp grew 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 acquiring an additional 19 shares in the last quarter. Geneva Advisors LLC grew 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 acquiring an additional 19 shares in the last quarter. Gateway Investment Advisers LLC grew 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 acquiring an additional 23 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew 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 acquiring an additional 39 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Hershey Company (The) by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,401 shares of the company’s stock worth $1,117,000 after acquiring an additional 42 shares in the last quarter. 50.22% of the stock is owned by institutional investors.

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Several analysts have commented on HSY shares. Zacks Investment Research raised shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Monday, October 2nd. Citigroup Inc. boosted their target price on shares of Hershey Company (The) from $126.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group reissued a “buy” rating and issued a $121.00 target price on shares of Hershey Company (The) in a research report on Friday, July 28th. Susquehanna Bancshares Inc set a $118.00 target price on shares of Hershey Company (The) and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $114.00 target price on shares of Hershey Company (The) in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $113.35.

Hershey Company (HSY) traded down $0.60 during trading hours on Friday, reaching $109.10. 1,979,507 shares of the company traded hands, compared to its average volume of 1,035,674. The firm has a market cap of $23,110.00, a PE ratio of 22.42, a P/E/G ratio of 2.99 and a beta of 0.36. Hershey Company has a 1 year low of $95.68 and a 1 year high of $116.49. The company has a current ratio of 0.95, a quick ratio of 0.55 and a debt-to-equity ratio of 2.45.

Hershey Company (The) (NYSE:HSY) last released its earnings results on Thursday, October 26th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Hershey Company (The) had a net margin of 9.52% and a return on equity of 124.06%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS. research analysts forecast that Hershey Company will post 4.8 EPS for the current fiscal year.

The business 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%. The ex-dividend date is Tuesday, November 21st. Hershey Company (The)’s payout ratio is currently 85.34%.

Hershey Company (The) declared that its board has approved a stock buyback plan on Thursday, October 26th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $110.26, for a total transaction of $121,286.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were 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. Over the last quarter, insiders have sold 4,534,049 shares of company stock valued at $480,760,013. Corporate 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.

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

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