Oarsman Capital Inc. acquired a new stake in Hershey Co (NYSE:HSY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,050 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its position in Hershey by 456.7% in the first quarter. Allianz Asset Management GmbH now owns 142,689 shares of the company’s stock valued at $14,120,000 after buying an additional 117,056 shares in the last quarter. Gateway Investment Advisers LLC acquired a new position in Hershey in the second quarter valued at about $552,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Hershey by 6.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,165 shares of the company’s stock valued at $3,552,000 after buying an additional 2,196 shares in the last quarter. Atria Investments LLC boosted its position in Hershey by 16.7% in the second quarter. Atria Investments LLC now owns 10,626 shares of the company’s stock valued at $989,000 after buying an additional 1,517 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Hershey in the second quarter valued at about $48,331,000. 53.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of HSY stock opened at $107.95 on Thursday. Hershey Co has a 1 year low of $89.10 and a 1 year high of $115.82. The company has a market cap of $22.79 billion, a PE ratio of 22.68, a P/E/G ratio of 2.38 and a beta of 0.17. The company has a current ratio of 1.01, a quick ratio of 0.69 and a debt-to-equity ratio of 2.60.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, October 25th. The company reported $1.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.55. Hershey had a net margin of 13.20% and a return on equity of 102.30%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.08 billion. Research analysts predict that Hershey Co will post 5.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Wednesday, November 21st will be given a dividend of $0.722 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.89 dividend on an annualized basis and a dividend yield of 2.68%. Hershey’s payout ratio is 60.71%.

A number of equities analysts have commented on the stock. Piper Jaffray Companies set a $100.00 price target on shares of Hershey and gave the company a “hold” rating in a research report on Wednesday, August 29th. ValuEngine upgraded shares of Hershey from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research lowered shares of Hershey from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Susquehanna Bancshares boosted their price target on shares of Hershey from $109.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, October 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Hershey from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. Hershey has an average rating of “Hold” and a consensus target price of $103.81.

In related news, SVP Kevin R. Walling sold 30,835 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $101.18, for a total transaction of $3,119,885.30. Following the completion of the sale, the senior vice president now directly owns 57,611 shares of the company’s stock, valued at $5,829,080.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Todd W. Tillemans purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average cost of $107.32 per share, with a total value of $214,640.00. Following the completion of the purchase, the insider now owns 10,878 shares of the company’s stock, valued at $1,167,426.96. The disclosure for this purchase can be found here. Insiders have sold 121,716 shares of company stock worth $12,690,499 over the last quarter. 0.87% of the stock is owned by company insiders.

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Hershey Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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