Exane Derivatives Sells 6,892 Shares of Hershey Company (The) (NYSE:HSY)

Exane Derivatives lowered its position in shares of Hershey Company (The) (NYSE:HSY) by 26.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,742 shares of the company’s stock after selling 6,892 shares during the period. Exane Derivatives’ holdings in Hershey Company (The) were worth $2,012,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Palo Capital Inc. boosted its stake in Hershey Company (The) by 1.3% in the second quarter. Palo Capital Inc. now owns 7,519 shares of the company’s stock worth $807,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Hershey Company (The) by 1.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 36,060 shares of the company’s stock worth $3,872,000 after buying an additional 400 shares during the period. OLD National Bancorp IN raised its position in Hershey Company (The) by 4.0% in the second quarter. OLD National Bancorp IN now owns 3,590 shares of the company’s stock worth $385,000 after buying an additional 138 shares in the last quarter. Eqis Capital Management Inc. raised its position in Hershey Company (The) by 10.7% in the second quarter. Eqis Capital Management Inc. now owns 4,257 shares of the company’s stock worth $457,000 after buying an additional 411 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in Hershey Company (The) by 521.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 23,856 shares of the company’s stock worth $2,561,000 after buying an additional 20,015 shares in the last quarter. 51.16% of the stock is currently owned by institutional investors.

Hershey Company (NYSE:HSY) opened at 105.20 on Friday. The company has a 50-day moving average of $106.14 and a 200 day moving average of $108.56. Hershey Company has a one year low of $94.03 and a one year high of $116.49. The company has a market cap of $22.35 billion, a P/E ratio of 33.61 and a beta of 0.38.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.656 per share. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Wednesday, August 23rd. Hershey Company (The)’s dividend payout ratio (DPR) is presently 78.66%.

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HSY has been the topic of a number of research analyst reports. Deutsche Bank AG lowered their price objective on shares of Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Credit Suisse Group reiterated an “outperform” rating on shares of Hershey Company (The) in a research note on Sunday, April 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $116.00 price target (down previously from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. BidaskClub lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $115.00 price target (down previously from $119.00) on shares of Hershey Company (The) in a research report on Friday, June 2nd. 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 stock. The company has a consensus rating of “Hold” and an average target price of $109.14.

In other news, Director David L. Shedlarz sold 4,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $115.45, for a total transaction of $519,525.00. Following the completion of the sale, the director now owns 15,342 shares of the company’s stock, valued at $1,771,233.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP D Michael Wege sold 1,100 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $106.99, for a total value of $117,689.00. Following the sale, the senior vice president now directly owns 28,066 shares of the company’s stock, valued at approximately $3,002,781.34. The disclosure for this sale can be found here. Insiders have sold 97,408 shares of company stock worth $11,100,636 over the last quarter. Company insiders own 0.92% of the company’s stock.

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.

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

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