Mastrapasqua Asset Management Inc. Sells 990 Shares of The Hershey Company (NYSE:HSY)

Mastrapasqua Asset Management Inc. decreased its holdings in shares of The Hershey Company (NYSE:HSYGet Rating) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,850 shares of the company’s stock after selling 990 shares during the quarter. Mastrapasqua Asset Management Inc.’s holdings in Hershey were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Capital Investment Advisors LLC increased its holdings in shares of Hershey by 3.7% in the first quarter. Capital Investment Advisors LLC now owns 2,204 shares of the company’s stock worth $477,000 after purchasing an additional 78 shares during the period. Veriti Management LLC increased its holdings in shares of Hershey by 11.2% in the first quarter. Veriti Management LLC now owns 5,298 shares of the company’s stock worth $1,148,000 after purchasing an additional 534 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in shares of Hershey by 57.7% in the first quarter. Creative Financial Designs Inc. ADV now owns 276 shares of the company’s stock worth $60,000 after purchasing an additional 101 shares during the period. Boston Trust Walden Corp increased its holdings in shares of Hershey by 4.5% in the fourth quarter. Boston Trust Walden Corp now owns 137,002 shares of the company’s stock worth $26,506,000 after purchasing an additional 5,915 shares during the period. Finally, Tyler Stone Wealth Management bought a new position in shares of Hershey in the fourth quarter worth $106,000. 52.96% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Michele Buck sold 5,000 shares of the stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $221.95, for a total value of $1,109,750.00. Following the completion of the transaction, the chief executive officer now directly owns 195,555 shares of the company’s stock, valued at $43,403,432.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Reiman sold 150 shares of the stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $221.95, for a total transaction of $33,292.50. Following the completion of the transaction, the senior vice president now directly owns 16,617 shares of the company’s stock, valued at $3,688,143.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 488,560 shares of company stock valued at $107,592,615. Insiders own 0.34% of the company’s stock.

Several research firms have recently weighed in on HSY. UBS Group started coverage on shares of Hershey in a report on Wednesday, March 30th. They issued a “neutral” rating and a $226.00 price target on the stock. BMO Capital Markets upped their target price on shares of Hershey from $215.00 to $255.00 in a research report on Friday, April 29th. StockNews.com upgraded shares of Hershey from a “hold” rating to a “buy” rating in a research report on Saturday, May 7th. Royal Bank of Canada upped their target price on shares of Hershey from $214.00 to $237.00 in a research report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Hershey from $210.00 to $218.00 in a research report on Friday, April 29th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $219.00.

Shares of NYSE:HSY opened at $221.00 on Friday. The company has a market cap of $335.81 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 3.59 and a beta of 0.36. The company has a 50-day moving average price of $215.88 and a 200-day moving average price of $208.66. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The Hershey Company has a 12 month low of $167.80 and a 12 month high of $231.60.

Hershey (NYSE:HSYGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $2.53 EPS for the quarter, beating the consensus estimate of $2.10 by $0.43. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.49 billion. Hershey had a net margin of 17.29% and a return on equity of 61.65%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. As a group, research analysts forecast that The Hershey Company will post 8.03 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, May 20th were paid a dividend of $0.901 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Thursday, May 19th. Hershey’s dividend payout ratio (DPR) is 46.27%.

Hershey Profile (Get Rating)

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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