Hershey Company (The) (HSY) Holdings Lifted by Vaughan David Investments Inc. IL

Vaughan David Investments Inc. IL increased its position in Hershey Company (The) (NYSE:HSY) by 13,195.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 271,221 shares of the company’s stock after buying an additional 269,181 shares during the quarter. Hershey Company (The) comprises about 1.4% of Vaughan David Investments Inc. IL’s investment portfolio, making the stock its 19th biggest position. Vaughan David Investments Inc. IL owned 0.13% of Hershey Company (The) worth $27,787,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Hershey Company (The) by 5.5% in the 2nd quarter. BlackRock Inc. now owns 10,664,194 shares of the company’s stock worth $1,145,016,000 after buying an additional 557,846 shares during the period. Vanguard Group Inc. raised its position in shares of Hershey Company (The) by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,545,096 shares of the company’s stock worth $1,024,857,000 after buying an additional 260,072 shares during the period. State Street Corp raised its position in shares of Hershey Company (The) by 1.2% in the 2nd quarter. State Street Corp now owns 6,270,169 shares of the company’s stock worth $673,225,000 after buying an additional 75,548 shares during the period. Janus Henderson Group PLC raised its position in shares of Hershey Company (The) by 19,853.3% in the 2nd quarter. Janus Henderson Group PLC now owns 3,786,147 shares of the company’s stock worth $406,519,000 after buying an additional 3,767,172 shares during the period. Finally, Northern Trust Corp raised its position in shares of Hershey Company (The) by 0.3% in the 2nd quarter. Northern Trust Corp now owns 1,825,282 shares of the company’s stock worth $195,980,000 after buying an additional 5,796 shares during the period. 50.22% of the stock is currently owned by institutional investors and hedge funds.

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Several research analysts have commented on the company. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research report on Monday, October 2nd. Susquehanna Bancshares Inc set a $113.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a research report on Thursday, October 26th. Credit Suisse Group reissued a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a research report on Friday, July 28th. Deutsche Bank AG reissued a “hold” rating and issued a $111.00 price objective (down from $112.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $114.00 price objective on shares of Hershey Company (The) in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $113.35.

Shares of Hershey Company (NYSE:HSY) traded up $2.28 during trading on Friday, hitting $109.70. The stock had a trading volume of 1,202,600 shares, compared to its average volume of 1,031,360. The company has a quick ratio of 0.55, a current ratio of 0.95 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $23,090.00, a P/E ratio of 21.92, a PEG ratio of 2.92 and a beta of 0.36. Hershey Company has a 12 month low of $95.68 and a 12 month high of $116.49.

Hershey Company (The) (NYSE:HSY) last announced its earnings results on Thursday, October 26th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.01 billion. Hershey Company (The) had a return on equity of 124.06% and a net margin of 9.52%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. sell-side analysts expect that Hershey Company will post 4.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be paid a $0.656 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.62 dividend on an annualized basis and a yield of 2.39%. Hershey Company (The)’s dividend payout ratio (DPR) is 85.34%.

Hershey Company (The) declared that its board has approved a share buyback program on Thursday, October 26th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In related news, VP Javier H. Idrovo sold 15,132 shares of Hershey Company (The) stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $110.04, for a total value of $1,665,125.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP D Michael Wege sold 15,517 shares of Hershey Company (The) stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $108.18, for a total value of $1,678,629.06. The disclosure for this sale can be found here. Insiders sold 4,534,049 shares of company stock valued at $480,760,013 over the last quarter. Insiders own 0.92% of the company’s stock.

About Hershey Company (The)

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.

Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

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