Beese Fulmer Investment Management Inc. reduced its stake in Hershey Co (NYSE:HSY) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,544 shares of the company’s stock after selling 150 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Hershey were worth $3,992,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Hershey during the fourth quarter valued at about $136,670,000. First Trust Advisors LP boosted its stake in shares of Hershey by 565.1% in the third quarter. First Trust Advisors LP now owns 846,886 shares of the company’s stock valued at $80,962,000 after buying an additional 719,546 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Hershey by 164.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,024,110 shares of the company’s stock valued at $105,924,000 after buying an additional 636,998 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Hershey by 74.3% in the fourth quarter. AQR Capital Management LLC now owns 887,553 shares of the company’s stock valued at $91,800,000 after buying an additional 378,271 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in shares of Hershey by 85.7% in the third quarter. Credit Suisse AG now owns 657,611 shares of the company’s stock valued at $62,868,000 after buying an additional 303,533 shares in the last quarter. Institutional investors own 52.07% of the company’s stock.

Institutional Ownership by Quarter for Hershey (NYSE:HSY)

Shares of Hershey Co (NYSE:HSY) traded up 0.71% during mid-day trading on Tuesday, reaching $109.47. 567,615 shares of the company’s stock were exchanged. Hershey Co has a 1-year low of $87.92 and a 1-year high of $117.79. The stock has a market capitalization of $23.25 billion, a PE ratio of 32.78 and a beta of 0.32. The company’s 50 day moving average is $108.73 and its 200 day moving average is $103.32.

Hershey (NYSE:HSY) last released its quarterly earnings data on Friday, February 3rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.08 by $0.09. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Hershey had a net margin of 9.68% and a return on equity of 110.82%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. Equities research analysts anticipate that Hershey Co will post $4.78 EPS for the current fiscal year.

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Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Hershey from a “hold” rating to a “sell” rating in a research report on Tuesday, January 24th. Argus upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Thursday, February 16th. Morgan Stanley increased their price target on shares of Hershey from $103.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Monday, February 27th. Royal Bank of Canada increased their price target on shares of Hershey from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 2nd. Finally, Vetr downgraded shares of Hershey from a “sell” rating to a “strong sell” rating and set a $94.40 price target on the stock. in a research report on Monday, February 6th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $108.31.

In other news, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $108.11, for a total value of $118,921.00. Following the sale, the senior vice president now directly owns 26,088 shares of the company’s stock, valued at approximately $2,820,373.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michele Buck sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $108.00, for a total transaction of $486,000.00. Following the completion of the sale, the chief operating officer now directly owns 159,710 shares in the company, valued at $17,248,680. The disclosure for this sale can be found here. Insiders sold a total of 10,700 shares of company stock worth $1,159,573 over the last ninety days. Insiders own 0.68% of the company’s stock.

Hershey Company 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.

5 Day Chart for NYSE:HSY

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