Davis R M Inc. raised its position in shares of Hershey Company (The) (NYSE:HSY) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 206,968 shares of the company’s stock after buying an additional 2,135 shares during the period. Davis R M Inc.’s holdings in Hershey Company (The) were worth $22,222,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HSY. Conning Inc. boosted its position in shares of Hershey Company (The) by 5.0% in the first quarter. Conning Inc. now owns 4,020 shares of the company’s stock worth $439,000 after buying an additional 190 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Hershey Company (The) by 323.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,200 shares of the company’s stock worth $745,000 after buying an additional 5,500 shares during the last quarter. Pennsylvania Trust Co boosted its position in shares of Hershey Company (The) by 1.7% in the first quarter. Pennsylvania Trust Co now owns 48,420 shares of the company’s stock worth $5,290,000 after buying an additional 800 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of Hershey Company (The) by 9.0% in the first quarter. Martingale Asset Management L P now owns 124,909 shares of the company’s stock worth $13,647,000 after buying an additional 10,303 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Hershey Company (The) by 499.8% in the first quarter. Assetmark Inc. now owns 15,860 shares of the company’s stock worth $1,733,000 after buying an additional 13,216 shares during the last quarter. 51.16% of the stock is currently owned by institutional investors and hedge funds.

Hershey Company (NYSE:HSY) opened at 104.86 on Monday. The firm has a market capitalization of $22.28 billion, a PE ratio of 33.50 and a beta of 0.38. The firm has a 50-day moving average of $107.82 and a 200 day moving average of $108.63. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49.

Hershey Company (The) (NYSE:HSY) last issued its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.19. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts predict that Hershey Company will post $4.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.656 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 annualized dividend and a yield of 2.50%. Hershey Company (The)’s dividend payout ratio (DPR) is currently 78.66%.

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HSY has been the topic of a number of recent research reports. Deutsche Bank AG cut their target price on shares of Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Hershey Company (The) in a report on Sunday, April 23rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $116.00 target price (down from $119.00) on shares of Hershey Company (The) in a report on Wednesday, June 28th. BidaskClub cut shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $115.00 target price (down from $119.00) on shares of Hershey Company (The) in a report on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Hershey Company (The) currently has an average rating of “Hold” and a consensus target price of $109.14.

In other news, Director David L. Shedlarz sold 4,500 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $115.45, for a total transaction of $519,525.00. Following the transaction, the director now directly owns 15,342 shares of the company’s stock, valued at $1,771,233.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terence L. O’day sold 7,678 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $107.00, for a total value of $821,546.00. Following the transaction, the senior vice president now directly owns 37,428 shares in the company, valued at $4,004,796. The disclosure for this sale can be found here. Insiders sold 105,086 shares of company stock worth $11,922,182 over the last ninety days. 0.92% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

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