Ropes Wealth Advisors LLC raised its stake in Hershey Co (NYSE:HSY) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,872 shares of the company’s stock after acquiring an additional 550 shares during the period. Ropes Wealth Advisors LLC’s holdings in Hershey were worth $787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HSY. Heritage Way Advisors LLC raised its holdings in shares of Hershey by 0.7% during the 2nd quarter. Heritage Way Advisors LLC now owns 18,961 shares of the company’s stock worth $2,541,000 after buying an additional 124 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Hershey by 6.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,373,660 shares of the company’s stock worth $318,137,000 after buying an additional 149,260 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Hershey by 17.4% during the 2nd quarter. Signaturefd LLC now owns 810 shares of the company’s stock worth $109,000 after buying an additional 120 shares in the last quarter. Advisor Group Inc. increased its holdings in Hershey by 6.6% in the 2nd quarter. Advisor Group Inc. now owns 35,374 shares of the company’s stock worth $4,745,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Coastal Capital Group Inc. acquired a new position in Hershey in the 2nd quarter worth about $129,000. 53.89% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Todd W. Tillemans purchased 2,000 shares of Hershey stock in a transaction on Thursday, May 30th. The shares were purchased at an average price of $129.92 per share, for a total transaction of $259,840.00. Following the transaction, the insider now owns 15,773 shares of the company’s stock, valued at approximately $2,049,228.16. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Hershey Trust Co sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $153.05, for a total value of $918,300.00. Following the completion of the sale, the insider now owns 86,330 shares in the company, valued at approximately $13,212,806.50. The disclosure for this sale can be found here. In the last quarter, insiders acquired 3,100 shares of company stock worth $401,990 and sold 1,277,449 shares worth $165,519,969. Insiders own 0.41% of the company’s stock.

A number of equities analysts have issued reports on the company. ValuEngine raised Hershey from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Wells Fargo & Co upped their target price on Hershey from $112.00 to $130.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. They noted that the move was a valuation call. Goldman Sachs Group raised Hershey from a “sell” rating to a “neutral” rating and upped their target price for the stock from $86.00 to $142.00 in a report on Wednesday, July 17th. Zacks Investment Research cut Hershey from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, UBS Group raised Hershey from a “sell” rating to a “neutral” rating and upped their target price for the stock from $100.00 to $145.00 in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $138.71.

Shares of NYSE HSY traded down $0.37 during trading on Tuesday, reaching $155.52. The company had a trading volume of 452,036 shares, compared to its average volume of 1,398,602. The company has a fifty day simple moving average of $144.42. Hershey Co has a 12 month low of $97.00 and a 12 month high of $156.60. The company has a market cap of $32.59 billion, a PE ratio of 29.01, a P/E/G ratio of 3.38 and a beta of 0.09. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 1.71.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.13. Hershey had a return on equity of 83.29% and a net margin of 15.51%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts forecast that Hershey Co will post 5.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 23rd will be given a $0.773 dividend. This represents a $3.09 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, August 22nd. This is a positive change from Hershey’s previous quarterly dividend of $0.72. Hershey’s payout ratio is 53.92%.

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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