Physicians Financial Services Inc. continued to hold its position in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,982 shares of the company’s stock at the end of the second quarter. Physicians Financial Services Inc.’s holdings in Hershey Company (The) were worth $857,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HSY. 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 valued at $745,000 after buying an additional 5,500 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Hershey Company (The) by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 124,850 shares of the company’s stock valued at $13,640,000 after buying an additional 4,321 shares in the last quarter. Manning & Napier Advisors LLC boosted its position in shares of Hershey Company (The) by 8.4% in the first quarter. Manning & Napier Advisors LLC now owns 32,017 shares of the company’s stock valued at $3,497,000 after buying an additional 2,484 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Hershey Company (The) by 743.8% in the first quarter. Contravisory Investment Management Inc. now owns 2,236 shares of the company’s stock valued at $244,000 after buying an additional 1,971 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Hershey Company (The) by 86.9% in the first quarter. Raymond James Trust N.A. now owns 4,509 shares of the company’s stock valued at $493,000 after buying an additional 2,096 shares in the last quarter. 51.16% of the stock is currently owned by institutional investors.

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

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

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

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

In related news, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the transaction, the insider now directly owns 166,097 shares of the company’s stock, valued at $17,938,476. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP D Michael Wege sold 14,440 shares of Hershey Company (The) stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $115.55, for a total value of $1,668,542.00. Following the transaction, the senior vice president now directly 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 ninety days, insiders have sold 105,086 shares of company stock worth $11,922,182. 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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