Trust Co. of Vermont maintained its stake in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Kanawha Capital Management LLC increased its position in Hershey Company (The) by 0.3% in the first quarter. Kanawha Capital Management LLC now owns 3,451 shares of the company’s stock worth $377,000 after buying an additional 12 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock worth $184,000 after buying an additional 14 shares in the last quarter. RB Capital Management LLC boosted its stake in shares of Hershey Company (The) by 0.5% in the second quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock worth $358,000 after buying an additional 18 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Hershey Company (The) by 0.7% in the first quarter. Profund Advisors LLC now owns 3,397 shares of the company’s stock worth $371,000 after buying an additional 23 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Hershey Company (The) by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock worth $907,000 after buying an additional 23 shares in the last quarter. 51.31% of the stock is currently owned by institutional investors.
Hershey Company (NYSE HSY) opened at 105.94 on Tuesday. The firm’s 50-day moving average is $106.03 and its 200-day moving average is $108.59. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The firm has a market capitalization of $22.51 billion, a PE ratio of 33.85 and a beta of 0.38.
Hershey Company (The) (NYSE:HSY) last released its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business posted $0.85 EPS. Hershey Company (The)’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Hershey Company will post $4.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Wednesday, August 23rd. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s payout ratio is 78.66%.
HSY has been the subject of a number of recent research reports. Susquehanna Bancshares Inc set a $115.00 price target on shares of Hershey Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research cut shares of Hershey Company (The) from a “buy” rating to a “sell” rating in a research note on Thursday, June 29th. Deutsche Bank AG reduced their target price 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. Royal Bank Of Canada restated a “hold” rating and issued a $114.00 target price on shares of Hershey Company (The) in a research note on Friday, July 21st. Finally, BidaskClub cut shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Hershey Company (The) presently has an average rating of “Hold” and an average target price of $109.14.
In related news, VP Javier H. Idrovo sold 5,249 shares of Hershey Company (The) stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $110.00, for a total value of $577,390.00. Following the sale, the vice president now owns 36,259 shares of the company’s stock, valued at approximately $3,988,490. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $110.11, for a total value of $44,044.00. Following the completion of the sale, the insider now directly owns 166,497 shares in the company, valued at approximately $18,332,984.67. The disclosure for this sale can be found here. Insiders have sold a total of 96,308 shares of company stock worth $10,982,947 in the last quarter. 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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