Public Employees Retirement Association of Colorado cut its position in shares of Hershey Company (The) (NYSE:HSY) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,938 shares of the company’s stock after selling 62 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Hershey Company (The) were worth $3,000,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kanawha Capital Management LLC increased its position in shares of Hershey Company (The) by 0.3% in the first quarter. Kanawha Capital Management LLC now owns 3,451 shares of the company’s stock worth $377,000 after buying an additional 12 shares in the last quarter. Enterprise Financial Services Corp increased its position in shares of Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock worth $184,000 after buying an additional 14 shares in the last quarter. RB Capital Management LLC increased its position in shares of Hershey Company (The) by 0.5% in the second quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock worth $358,000 after buying an additional 18 shares in the last quarter. Profund Advisors LLC increased its position in shares of Hershey Company (The) by 0.7% in the first quarter. Profund Advisors LLC now owns 3,397 shares of the company’s stock worth $371,000 after buying an additional 23 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its position in shares of Hershey Company (The) by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock worth $907,000 after buying an additional 23 shares in the last quarter. Institutional investors own 51.16% of the company’s stock.

Shares of Hershey Company (NYSE HSY) opened at 104.86 on Monday. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The company has a market cap of $22.28 billion, a PE ratio of 33.50 and a beta of 0.38. The firm’s 50-day moving average price is $107.82 and its 200-day moving average price is $108.63.

Hershey Company (The) (NYSE:HSY) last announced its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $0.85 EPS. Hershey Company (The)’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities 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 given a $0.656 dividend. 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. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio (DPR) is currently 78.66%.

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A number of equities analysts have recently weighed in on the company. Susquehanna Bancshares Inc set a $115.00 target price on Hershey Company (The) and gave the company a “hold” rating in a report on Saturday, June 17th. Credit Suisse Group reiterated a “buy” rating and issued a $121.00 target price on shares of Hershey Company (The) in a report on Friday, July 28th. Zacks Investment Research upgraded Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Wednesday, June 28th. BidaskClub downgraded Hershey Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $114.00 target price on shares of Hershey Company (The) in a report on Friday, July 21st. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Hershey Company (The) has an average rating of “Hold” and an average price target of $109.14.

In other Hershey Company (The) news, SVP Terence L. O’day sold 7,678 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $107.00, for a total transaction of $821,546.00. Following the transaction, the senior vice president now owns 37,428 shares of the company’s stock, valued at approximately $4,004,796. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michele Buck sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total value of $43,200.00. Following the transaction, the insider now directly owns 166,097 shares in the company, valued at approximately $17,938,476. The disclosure for this sale can be found here. In the last three months, insiders sold 105,086 shares of company stock worth $11,922,182. 0.92% of the stock is owned by insiders.

About Hershey Company (The)

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.

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

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