Fairfield Bush & CO. Has $2,147,000 Stake in Hershey Company (The) (HSY)

Fairfield Bush & CO. held its position in shares of Hershey Company (The) (NYSE:HSY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the company’s stock at the end of the 2nd quarter. Fairfield Bush & CO.’s holdings in Hershey Company (The) were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. lifted its stake in Hershey Company (The) by 5.5% in the second quarter. BlackRock Inc. now owns 10,664,194 shares of the company’s stock worth $1,145,016,000 after purchasing an additional 557,846 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hershey Company (The) by 2.8% in the second quarter. Vanguard Group Inc. now owns 9,545,096 shares of the company’s stock worth $1,024,857,000 after purchasing an additional 260,072 shares during the last quarter. State Street Corp lifted its stake in Hershey Company (The) by 1.2% in the second quarter. State Street Corp now owns 6,270,169 shares of the company’s stock worth $673,225,000 after purchasing an additional 75,548 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Hershey Company (The) by 19,853.3% in the second quarter. Janus Henderson Group PLC now owns 3,786,147 shares of the company’s stock worth $406,519,000 after purchasing an additional 3,767,172 shares during the last quarter. Finally, Alliancebernstein L.P. lifted 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 worth $275,846,000 after purchasing an additional 65,991 shares during the last quarter. 51.39% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on HSY. Zacks Investment Research raised shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Monday, October 2nd. Susquehanna Bancshares Inc set a $115.00 price target on shares of Hershey Company (The) and gave the stock a “neutral” rating in a research note on Thursday, August 24th. Sanford C. Bernstein raised shares of Hershey Company (The) from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $109.00 to $127.00 in a research note on Thursday, August 17th. Credit Suisse Group reissued a “buy” rating and issued a $121.00 price target on shares of Hershey Company (The) in a research note on Friday, July 28th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $111.00 price target (down from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $111.55.

Shares of Hershey Company (NYSE:HSY) traded up 0.75% during trading on Tuesday, hitting $108.70. 196,668 shares of the company traded hands. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The company has a market capitalization of $23.09 billion, a price-to-earnings ratio of 34.73 and a beta of 0.39. The company has a 50 day moving average price of $107.52 and a 200 day moving average price of $108.44.

Hershey Company (The) (NYSE:HSY) last released its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. On average, analysts expect that Hershey Company will post $4.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be issued a $0.656 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.62 annualized dividend and a dividend yield of 2.43%. Hershey Company (The)’s dividend payout ratio (DPR) is presently 83.44%.

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In other news, SVP D Michael Wege sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $105.90, for a total value of $116,490.00. Following the completion of the sale, the senior vice president now owns 27,766 shares in the company, valued at approximately $2,940,419.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michele Buck sold 400 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the completion of the sale, the insider now owns 165,297 shares of the company’s stock, valued at approximately $17,852,076. The disclosure for this sale can be found here. Insiders sold a total of 4,504,500 shares of company stock valued at $477,527,458 in the last 90 days. Company insiders own 0.92% of the company’s stock.

Hershey Company (The) 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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