Blue Bell Private Wealth Management LLC Has $103,000 Stake in Hershey Co. (HSY)
Blue Bell Private Wealth Management LLC held its position in shares of Hershey Co. (NYSE:HSY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900 shares of the company’s stock at the end of the second quarter. Blue Bell Private Wealth Management LLC’s holdings in Hershey were worth $103,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Hershey by 6.7% in the first quarter. Geode Capital Management LLC now owns 1,272,000 shares of the company’s stock valued at $116,920,000 after buying an additional 79,733 shares in the last quarter. Bartlett & Co. LLC boosted its stake in shares of Hershey by 2.3% in the second quarter. Bartlett & Co. LLC now owns 169,026 shares of the company’s stock valued at $19,183,000 after buying an additional 3,871 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Hershey by 570.2% in the first quarter. Wellington Management Group LLP now owns 1,060,734 shares of the company’s stock valued at $97,684,000 after buying an additional 902,454 shares in the last quarter. National Pension Service boosted its stake in shares of Hershey by 4.4% in the first quarter. National Pension Service now owns 93,178 shares of the company’s stock valued at $8,581,000 after buying an additional 3,960 shares in the last quarter. Finally, Seven Eight Capital LLC acquired a new stake in shares of Hershey during the first quarter valued at about $405,000. 53.11% of the stock is owned by institutional investors.
Shares of Hershey Co. (NYSE:HSY) traded up 0.82% during trading on Friday, hitting $96.43. 1,566,730 shares of the stock were exchanged. The stock’s 50 day moving average price is $97.63 and its 200 day moving average price is $99.15. The stock has a market cap of $20.56 billion, a PE ratio of 28.24 and a beta of 0.23. Hershey Co. has a one year low of $82.42 and a one year high of $117.79.
Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. The firm earned $1.64 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Hershey had a return on equity of 100.78% and a net margin of 10.14%. Hershey’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. Equities research analysts predict that Hershey Co. will post $4.26 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 23rd will be issued a $0.618 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 2.56%. Hershey’s dividend payout ratio is presently 72.22%.
Several analysts have recently issued reports on HSY shares. Vetr raised shares of Hershey from a “hold” rating to a “buy” rating and set a $115.74 price target on the stock in a research report on Wednesday, August 24th. Credit Suisse Group AG reissued a “neutral” rating and set a $112.00 price target on shares of Hershey in a research report on Tuesday, August 30th. Bank of America Corp. assumed coverage on shares of Hershey in a research report on Tuesday, August 30th. They set an “underperform” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Hershey in a report on Tuesday, September 6th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $89.00 target price on shares of Hershey in a report on Saturday, July 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $100.50.
In other Hershey news, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $111.41, for a total value of $122,551.00. Following the completion of the transaction, the senior vice president now owns 27,188 shares in the company, valued at approximately $3,029,015.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.
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.
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