Whitnell & Co. purchased a new position in Hershey Co (NYSE:HSY) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $930,000.
A number of other large investors have also modified their holdings of the stock. Nisa Investment Advisors LLC boosted its position in Hershey by 8.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 63,776 shares of the company’s stock worth $8,548,000 after purchasing an additional 4,894 shares in the last quarter. New York State Teachers Retirement System boosted its position in Hershey by 3.1% in the 2nd quarter. New York State Teachers Retirement System now owns 185,547 shares of the company’s stock worth $24,869,000 after purchasing an additional 5,612 shares in the last quarter. U S Global Investors Inc. purchased a new stake in Hershey in the 2nd quarter worth approximately $1,561,000. Colony Group LLC purchased a new stake in Hershey in the 2nd quarter worth approximately $274,000. Finally, Hyman Charles D purchased a new stake in Hershey in the 2nd quarter worth approximately $214,000. Institutional investors own 53.50% of the company’s stock.
Shares of NYSE:HSY traded down $0.35 during midday trading on Friday, reaching $140.97. 453,727 shares of the company’s stock traded hands, compared to its average volume of 1,204,769. Hershey Co has a 1 year low of $100.80 and a 1 year high of $162.20. The company has a market cap of $29.35 billion, a P/E ratio of 26.30, a PEG ratio of 3.34 and a beta of 0.06. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.47 and a current ratio of 0.80. The company has a fifty day simple moving average of $150.66 and a two-hundred day simple moving average of $143.55.
Hershey (NYSE:HSY) last announced its earnings results on Thursday, October 24th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. Hershey had a return on equity of 77.39% and a net margin of 16.18%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s revenue was up 2.6% on a year-over-year basis. As a group, research analysts forecast that Hershey Co will post 5.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.773 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.09 dividend on an annualized basis and a dividend yield of 2.19%. Hershey’s dividend payout ratio (DPR) is 57.65%.
HSY has been the topic of several recent research reports. Bank of America set a $165.00 price objective on Hershey and gave the stock a “buy” rating in a research report on Friday, October 25th. Credit Suisse Group upped their price objective on Hershey from $130.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Co upped their price objective on Hershey from $112.00 to $130.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd. They noted that the move was a valuation call. Goldman Sachs Group upgraded Hershey from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $86.00 to $142.00 in a research report on Wednesday, July 17th. Finally, Sanford C. Bernstein lowered Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 price objective on the stock. in a research report on Thursday, September 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $145.57.
In other Hershey news, SVP Kevin R. Walling sold 17,745 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $154.23, for a total value of $2,736,811.35. Following the transaction, the senior vice president now owns 44,599 shares in the company, valued at approximately $6,878,503.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michele Buck sold 3,832 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $152.04, for a total value of $582,617.28. Following the completion of the transaction, the chief executive officer now owns 157,761 shares in the company, valued at approximately $23,985,982.44. The disclosure for this sale can be found here. Insiders have sold a total of 33,009 shares of company stock worth $5,103,372 in the last quarter. Insiders own 0.41% of the company’s stock.
Hershey Company Profile
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
Recommended Story: Most Volatile Stocks
Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Co (NYSE:HSY).
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.