Arthur M. Cohen & Associates LLC Lowers Stake in Hershey Co (NYSE:HSY)

Arthur M. Cohen & Associates LLC lowered its stake in shares of Hershey Co (NYSE:HSY) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,220 shares of the company’s stock after selling 229 shares during the period. Hershey makes up approximately 1.0% of Arthur M. Cohen & Associates LLC’s investment portfolio, making the stock its 20th largest position. Arthur M. Cohen & Associates LLC’s holdings in Hershey were worth $3,413,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Natixis Advisors L.P. boosted its position in Hershey by 7.4% in the 2nd quarter. Natixis Advisors L.P. now owns 23,837 shares of the company’s stock valued at $3,195,000 after buying an additional 1,647 shares during the period. Toronto Dominion Bank boosted its position in Hershey by 66.5% in the 2nd quarter. Toronto Dominion Bank now owns 167,110 shares of the company’s stock valued at $22,392,000 after buying an additional 66,722 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Hershey by 3.3% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 27,476 shares of the company’s stock valued at $3,683,000 after purchasing an additional 876 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of Hershey by 10.4% in the 2nd quarter. Profund Advisors LLC now owns 2,719 shares of the company’s stock valued at $364,000 after purchasing an additional 257 shares in the last quarter. Finally, AXA raised its holdings in shares of Hershey by 5.6% in the 2nd quarter. AXA now owns 138,394 shares of the company’s stock valued at $18,549,000 after purchasing an additional 7,313 shares in the last quarter. 53.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HSY opened at $146.57 on Friday. The company’s fifty day moving average price is $147.24 and its 200 day moving average price is $148.81. Hershey Co has a 12 month low of $100.80 and a 12 month high of $162.20. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.80 and a quick ratio of 0.47. The firm has a market capitalization of $30.55 billion, a P/E ratio of 27.35, a P/E/G ratio of 3.40 and a beta of 0.05.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.01. Hershey had a net margin of 16.18% and a return on equity of 77.39%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the business earned $1.55 EPS. Hershey’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Hershey Co will post 5.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a $0.773 dividend. The ex-dividend date was Thursday, November 21st. This represents a $3.09 dividend on an annualized basis and a yield of 2.11%. Hershey’s dividend payout ratio is presently 57.65%.

A number of equities research analysts have recently weighed in on HSY shares. UBS Group set a $147.00 price objective on shares of Hershey and gave the company a “hold” rating in a report on Friday, October 25th. Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 price objective on the stock. in a report on Thursday, September 12th. They noted that the move was a valuation call. Royal Bank of Canada started coverage on shares of Hershey in a report on Thursday, October 17th. They issued a “sector perform” rating and a $158.00 price objective on the stock. Zacks Investment Research upgraded shares of Hershey from a “sell” rating to a “hold” rating and set a $154.00 price objective on the stock in a report on Friday, December 27th. Finally, Deutsche Bank started coverage on shares of Hershey in a report on Wednesday, December 11th. They issued a “hold” rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. Hershey currently has an average rating of “Hold” and an average price target of $146.27.

In other Hershey news, SVP Kevin R. Walling sold 2,500 shares of Hershey stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $145.75, for a total value of $364,375.00. Also, CEO Michele Buck sold 3,832 shares of Hershey stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $152.04, for a total transaction of $582,617.28. Following the completion of the transaction, the chief executive officer now owns 157,761 shares in the company, valued at $23,985,982.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,898 shares of company stock worth $6,932,799. 0.41% of the stock is currently owned by company insiders.

Hershey 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.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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