Victory Capital Management Inc. boosted its stake in Hershey Company (The) (NYSE:HSY) by 13.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,254 shares of the company’s stock after buying an additional 1,485 shares during the period. Victory Capital Management Inc.’s holdings in Hershey Company (The) were worth $1,339,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC purchased a new position in Hershey Company (The) during the fourth quarter valued at approximately $144,000. YorkBridge Wealth Partners LLC raised its position in Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after buying an additional 475 shares during the period. Enterprise Financial Services Corp raised its position in Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock valued at $184,000 after buying an additional 14 shares during the period. Rational Advisors LLC raised its position in Hershey Company (The) by 14.3% in the first quarter. Rational Advisors LLC now owns 1,817 shares of the company’s stock valued at $199,000 after buying an additional 227 shares during the period. Finally, Douglass Winthrop Advisors LLC purchased a new position in Hershey Company (The) during the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 51.41% of the company’s stock.

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

Shares of Hershey Company (NYSE:HSY) opened at 112.30 on Tuesday. The company’s 50-day moving average is $111.58 and its 200-day moving average is $107.65. Hershey Company has a one year low of $94.03 and a one year high of $117.79. The stock has a market capitalization of $23.90 billion, a P/E ratio of 39.31 and a beta of 0.41.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.05. Hershey Company (The) had a net margin of 8.21% and a return on equity of 117.02%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Hershey Company will post $4.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were issued a $0.618 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $2.47 dividend on an annualized basis and a yield of 2.20%. Hershey Company (The)’s dividend payout ratio (DPR) is 86.06%.

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HSY has been the topic of a number of recent analyst reports. BMO Capital Markets restated a “market perform” rating and set a $105.00 price target on shares of Hershey Company (The) in a research note on Sunday, March 5th. Societe Generale upgraded shares of Hershey Company (The) from a “sell” rating to a “hold” rating and upped their price target for the company from $96.00 to $110.00 in a research note on Tuesday, February 28th. Susquehanna Bancshares Inc set a $119.00 price target on shares of Hershey Company (The) and gave the company a “hold” rating in a research note on Saturday, March 25th. Royal Bank Of Canada upped their price target on shares of Hershey Company (The) from $112.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, March 2nd. Finally, Credit Suisse Group set a $121.00 price target on shares of Hershey Company (The) and gave the company a “buy” rating in a research note on Thursday, March 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $108.02.

In other news, SVP Terence L. O’day sold 2,806 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $115.12, for a total transaction of $323,026.72. Following the transaction, the senior vice president now directly owns 35,028 shares in the company, valued at approximately $4,032,423.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP D Michael Wege sold 14,440 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $115.55, for a total transaction of $1,668,542.00. Following the transaction, the senior vice president now owns 42,506 shares in the company, valued at $4,911,568.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,916 shares of company stock worth $12,107,462. 0.92% of the stock is owned by insiders.

Hershey Company (The) 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.

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