Trust Co. of Vermont held its stake in Hershey Company (The) (NYSE:HSY) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,650 shares of the company’s stock at the end of the second quarter. Trust Co. of Vermont’s holdings in Hershey Company (The) were worth $285,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Hershey Company (The) by 3,144.3% in the first quarter. BlackRock Inc. now owns 10,106,348 shares of the company’s stock worth $1,104,118,000 after buying an additional 9,794,835 shares in the last quarter. Rothschild Asset Management Inc. raised its stake in Hershey Company (The) by 7,236.9% in the first quarter. Rothschild Asset Management Inc. now owns 500,009 shares of the company’s stock worth $54,626,000 after buying an additional 493,194 shares in the last quarter. HS Management Partners LLC purchased a new stake in Hershey Company (The) during the first quarter worth $34,345,000. Smith Asset Management Group LP purchased a new stake in Hershey Company (The) during the first quarter worth $33,672,000. Finally, SG Americas Securities LLC raised its stake in Hershey Company (The) by 103.9% in the first quarter. SG Americas Securities LLC now owns 11,407 shares of the company’s stock worth $1,246,000 after buying an additional 305,793 shares in the last quarter. Institutional investors own 51.26% of the company’s stock.
Hershey Company (HSY) traded down 0.36% during midday trading on Friday, hitting $106.07. 815,677 shares of the stock were exchanged. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The company has a market cap of $22.60 billion, a PE ratio of 33.89 and a beta of 0.38. The firm’s 50 day moving average price is $108.30 and its 200 day moving average price is $108.56.
Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.90 by $0.19. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. Hershey Company (The)’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. On average, equities research analysts forecast that Hershey Company will post $4.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.656 per share. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.62 dividend on an annualized basis and a yield of 2.47%. Hershey Company (The)’s dividend payout ratio is presently 78.66%.
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A number of equities analysts recently issued reports on HSY shares. Credit Suisse Group reissued an “outperform” rating on shares of Hershey Company (The) in a research note on Sunday, April 23rd. Deutsche Bank AG decreased their price target on shares of Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 5th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $116.00 price target (down from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $109.02.
In other Hershey Company (The) news, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $105.45, for a total transaction of $115,995.00. Following the transaction, the senior vice president now owns 27,866 shares in the company, valued at approximately $2,938,469.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michele Buck sold 2,507 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $108.00, for a total transaction of $270,756.00. Following the transaction, the insider now owns 169,404 shares in the company, valued at approximately $18,295,632. The disclosure for this sale can be found here. Insiders have sold a total of 107,593 shares of company stock worth $12,192,938 in the last 90 days. 0.92% of the stock is currently owned by company insiders.
Hershey Company (The) Company 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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