Tredje AP fonden cut its holdings in Hershey Co (NYSE:HSY) by 59.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,864 shares of the company’s stock after selling 16,069 shares during the period. Tredje AP fonden’s holdings in Hershey were worth $1,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HSY. Bahl & Gaynor Inc. grew its holdings in Hershey by 27.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 15,312 shares of the company’s stock worth $2,029,000 after acquiring an additional 3,274 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Hershey by 13.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 162,258 shares of the company’s stock worth $21,499,000 after acquiring an additional 19,850 shares during the last quarter. Carret Asset Management LLC grew its holdings in Hershey by 1.7% in the 1st quarter. Carret Asset Management LLC now owns 11,700 shares of the company’s stock worth $1,550,000 after acquiring an additional 200 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in Hershey by 3,542.9% in the 1st quarter. Prestige Wealth Management Group LLC now owns 510 shares of the company’s stock worth $68,000 after acquiring an additional 496 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Hershey during the 1st quarter valued at about $5,226,000. 52.54% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on HSY. Credit Suisse Group reaffirmed a “buy” rating and set a $152.00 target price on shares of Hershey in a research note on Thursday, May 7th. JPMorgan Chase & Co. cut their target price on shares of Hershey from $152.00 to $138.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Edward Jones raised shares of Hershey from a “hold” rating to a “buy” rating in a research note on Tuesday, March 24th. Cfra lowered shares of Hershey from a “hold” rating to a “sell” rating and cut their target price for the company from $150.00 to $125.00 in a research note on Thursday, April 23rd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $133.00 price objective on shares of Hershey in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating to the stock. Hershey currently has a consensus rating of “Hold” and a consensus price target of $144.67.

In other Hershey news, CEO Michele Buck sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $143.20, for a total value of $214,800.00. Following the completion of the transaction, the chief executive officer now directly owns 170,121 shares in the company, valued at $24,361,327.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pamela M. Arway sold 347 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $142.37, for a total transaction of $49,402.39. Following the completion of the transaction, the director now owns 15,945 shares of the company’s stock, valued at $2,270,089.65. The disclosure for this sale can be found here. 29.39% of the stock is owned by insiders.

Shares of HSY traded down $1.64 during mid-day trading on Friday, hitting $127.03. 14,441 shares of the company traded hands, compared to its average volume of 1,360,542. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.70 and a current ratio of 0.99. The stock has a 50-day moving average price of $132.06 and a two-hundred day moving average price of $142.46. Hershey Co has a 1 year low of $109.88 and a 1 year high of $162.20. The stock has a market cap of $26.43 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 2.90 and a beta of 0.17.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.08). Hershey had a net margin of 13.94% and a return on equity of 71.52%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm earned $1.59 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts forecast that Hershey Co will post 5.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.773 per share. The ex-dividend date was Thursday, May 21st. This represents a $3.09 annualized dividend and a dividend yield of 2.43%. Hershey’s payout ratio is 53.46%.

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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