Haverford Trust Co. Acquires 95 Shares of Hershey Company (The) (HSY)

Haverford Trust Co. raised its stake in Hershey Company (The) (NYSE:HSY) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,310 shares of the company’s stock after buying an additional 95 shares during the period. Haverford Trust Co.’s holdings in Hershey Company (The) were worth $239,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. State Street Corp increased its stake in Hershey Company (The) by 1.2% in the fourth quarter. State Street Corp now owns 6,130,615 shares of the company’s stock valued at $634,087,000 after buying an additional 72,509 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Hershey Company (The) by 3.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,271,211 shares of the company’s stock valued at $408,328,000 after buying an additional 130,250 shares in the last quarter. BlackRock Fund Advisors increased its stake in Hershey Company (The) by 2.6% in the third quarter. BlackRock Fund Advisors now owns 3,697,023 shares of the company’s stock valued at $353,435,000 after buying an additional 94,543 shares in the last quarter. Alliancebernstein L.P. increased its stake in Hershey Company (The) by 446.5% in the second quarter. Alliancebernstein L.P. now owns 1,533,479 shares of the company’s stock valued at $174,034,000 after buying an additional 1,252,894 shares in the last quarter. Finally, Aristotle Capital Management LLC increased its stake in Hershey Company (The) by 2.7% in the second quarter. Aristotle Capital Management LLC now owns 1,521,378 shares of the company’s stock valued at $172,661,000 after buying an additional 39,466 shares in the last quarter. Institutional investors and hedge funds own 52.07% of the company’s stock.

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

Hershey Company (NYSE:HSY) traded down 0.41% during mid-day trading on Friday, hitting $107.21. 426,393 shares of the stock traded hands. Hershey Company has a 52-week low of $87.92 and a 52-week high of $117.79. The firm’s 50-day moving average is $105.77 and its 200 day moving average is $102.04. The firm has a market cap of $22.82 billion, a P/E ratio of 32.10 and a beta of 0.32.

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Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings results on Friday, February 3rd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.09. Hershey Company (The) had a return on equity of 110.82% and a net margin of 9.68%. The company earned $1.97 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Equities analysts predict that Hershey Company will post $4.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Friday, February 24th will be paid a $0.618 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Wednesday, February 22nd. Hershey Company (The)’s payout ratio is 73.73%.

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HSY has been the topic of several recent research reports. Citigroup Inc. reiterated a “buy” rating on shares of Hershey Company (The) in a research report on Friday, January 20th. Royal Bank Of Canada boosted their price target on shares of Hershey Company (The) from $110.00 to $112.00 and gave the stock a “sector perform” rating in a research report on Monday, February 6th. Vetr downgraded shares of Hershey Company (The) from a “sell” rating to a “strong sell” rating and set a $94.40 price target on the stock. in a research report on Tuesday, January 24th. Sanford C. Bernstein restated a “market perform” rating and issued a $98.00 price target on shares of Hershey Company (The) in a research report on Wednesday, October 26th. Finally, Zacks Investment Research downgraded shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $107.22.

In related news, COO Michele Buck sold 4,500 shares of the firm’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $108.00, for a total value of $486,000.00. Following the completion of the sale, the chief operating officer now owns 159,710 shares of the company’s stock, valued at $17,248,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP D Michael Wege sold 1,100 shares of the firm’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $103.57, for a total value of $113,927.00. Following the completion of the sale, the senior vice president now directly owns 26,788 shares of the company’s stock, valued at approximately $2,774,433.16. The disclosure for this sale can be found here. Insiders sold 16,300 shares of company stock valued at $1,720,300 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Hershey Company (The) Company Profile

The Hershey Company is a producer of chocolate and non-chocolate confectionery. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes.

5 Day Chart for NYSE:HSY

Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Company (The) (NYSE:HSY).

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