Hershey Company (The) (HSY) Shares Bought by Atria Investments LLC

Atria Investments LLC boosted its position in Hershey Company (The) (NYSE:HSY) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,516 shares of the company’s stock after buying an additional 2 shares during the period. Atria Investments LLC’s holdings in Hershey Company (The) were worth $378,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of 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 during the last quarter. Vanguard Group Inc. boosted its stake in Hershey Company (The) by 2.7% in the first quarter. Vanguard Group Inc. now owns 9,285,024 shares of the company’s stock valued at $1,014,388,000 after buying an additional 242,418 shares in the last quarter. State Street Corp boosted its stake in Hershey Company (The) by 1.0% in the first quarter. State Street Corp now owns 6,194,621 shares of the company’s stock valued at $676,773,000 after buying an additional 64,006 shares in the last quarter. Pioneer Investment Management Inc. boosted its stake in Hershey Company (The) by 3.4% in the first quarter. Pioneer Investment Management Inc. now owns 3,965,863 shares of the company’s stock valued at $433,270,000 after buying an additional 131,084 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Hershey Company (The) by 2.7% in the first quarter. Alliancebernstein L.P. now owns 2,524,908 shares of the company’s stock valued at $275,846,000 after buying an additional 65,991 shares in the last quarter. Hedge funds and other institutional investors own 51.16% of the company’s stock.

Shares of Hershey Company (HSY) traded down 0.09% during mid-day trading on Friday, hitting $105.20. The stock had a trading volume of 571,972 shares. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The stock’s 50-day moving average price is $106.29 and its 200 day moving average price is $108.56. The company has a market capitalization of $22.35 billion, a P/E ratio of 33.61 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. On average, analysts predict that Hershey Company will post $4.82 EPS for the current fiscal year.

The company 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. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a yield of 2.49%. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s payout ratio is 78.66%.

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Several equities research analysts have recently weighed in on HSY shares. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Wednesday, June 28th. 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. Morgan Stanley reduced their price objective on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Susquehanna Bancshares Inc set a $118.00 target price on Hershey Company (The) and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $114.00 target price on shares of Hershey Company (The) in a research report on Friday, July 21st. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $109.14.

In other Hershey Company (The) news, SVP D Michael Wege sold 1,100 shares of Hershey Company (The) stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $106.99, for a total transaction of $117,689.00. Following the completion of the sale, the senior vice president now owns 28,066 shares of the company’s stock, valued at $3,002,781.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Javier H. Idrovo sold 5,249 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $110.00, for a total value of $577,390.00. Following the completion of the sale, the vice president now directly owns 36,259 shares of the company’s stock, valued at approximately $3,988,490. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,408 shares of company stock valued at $11,100,636. Corporate 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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