Chevy Chase Trust Holdings Inc. raised its position in shares of Hershey Co (NYSE:HSY) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,058 shares of the company’s stock after buying an additional 2,390 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.06% of Hershey worth $13,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Hershey by 5.5% during the second quarter. BlackRock Inc. now owns 10,664,194 shares of the company’s stock valued at $1,145,016,000 after purchasing an additional 557,846 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hershey by 2.8% during the second quarter. Vanguard Group Inc. now owns 9,545,096 shares of the company’s stock valued at $1,024,857,000 after purchasing an additional 260,072 shares during the last quarter. State Street Corp grew its stake in shares of Hershey by 1.2% during the second quarter. State Street Corp now owns 6,270,169 shares of the company’s stock valued at $673,225,000 after purchasing an additional 75,548 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Hershey by 19,853.3% in the second quarter. Janus Henderson Group PLC now owns 3,786,147 shares of the company’s stock valued at $406,519,000 after acquiring an additional 3,767,172 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Hershey by 0.3% in the second quarter. Northern Trust Corp now owns 1,825,282 shares of the company’s stock valued at $195,980,000 after acquiring an additional 5,796 shares during the last quarter. 51.32% of the stock is owned by institutional investors.

In other Hershey news, insider Michele Buck sold 400 shares of Hershey stock in a transaction on Wednesday, September 27th. The shares were 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 in the company, valued at approximately $17,852,076. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP D Michael Wege sold 1,100 shares of Hershey stock in a transaction on Friday, September 15th. The shares were sold at an average price of $109.43, for a total transaction of $120,373.00. Following the completion of the sale, the senior vice president now owns 27,666 shares in the company, valued at $3,027,490.38. The disclosure for this sale can be found here. Insiders sold a total of 34,049 shares of company stock worth $3,715,013 over the last quarter. Company insiders own 0.92% of the company’s stock.

A number of brokerages have issued reports on HSY. Sanford C. Bernstein raised shares of Hershey from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $109.00 to $127.00 in a research note on Thursday, August 17th. Citigroup raised their price objective on shares of Hershey from $126.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Susquehanna Bancshares set a $113.00 target price on shares of Hershey and gave the stock a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research lowered shares of Hershey from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $105.00 target price on shares of Hershey in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Hershey currently has an average rating of “Hold” and a consensus price target of $113.35.

Shares of Hershey Co (NYSE HSY) traded up $0.60 during trading hours on Wednesday, hitting $113.40. 901,300 shares of the company were exchanged, compared to its average volume of 1,024,254. Hershey Co has a fifty-two week low of $98.85 and a fifty-two week 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. The firm has a market capitalization of $23,763.35, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 3.07 and a beta of 0.39.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, October 26th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Hershey had a net margin of 9.52% and a return on equity of 124.06%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business posted $1.29 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. equities analysts predict that Hershey Co will post 4.8 earnings per share for the current year.

Hershey declared that its Board of Directors has approved a share repurchase plan on Thursday, October 26th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be paid a $0.656 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.62 annualized dividend and a yield of 2.31%. Hershey’s payout ratio is currently 77.98%.

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Hershey 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 (NYSE:HSY)

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