Cullen Frost Bankers Inc. increased its stake in shares of Hershey Company (The) (NYSE:HSY) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,543 shares of the company’s stock after buying an additional 515 shares during the period. Cullen Frost Bankers Inc.’s holdings in Hershey Company (The) were worth $810,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Hershey Company (The) by 3,144.3% in the first quarter. BlackRock Inc. now owns 10,106,348 shares of the company’s stock valued at $1,104,118,000 after buying an additional 9,794,835 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hershey Company (The) by 2.7% in the first quarter. Vanguard Group Inc. now owns 9,285,024 shares of the company’s stock valued at $1,014,388,000 after buying an additional 242,418 shares in the last quarter. State Street Corp raised its position in shares of Hershey Company (The) by 1.0% in the first quarter. State Street Corp now owns 6,194,621 shares of the company’s stock valued at $676,773,000 after buying an additional 64,006 shares in the last quarter. Pioneer Investment Management Inc. raised its position in shares of Hershey Company (The) by 3.4% in the first quarter. Pioneer Investment Management Inc. now owns 3,965,863 shares of the company’s stock valued at $433,270,000 after buying an additional 131,084 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Hershey Company (The) by 2.7% in the first quarter. Alliancebernstein L.P. now owns 2,524,908 shares of the company’s stock valued at $275,846,000 after buying an additional 65,991 shares in the last quarter. Institutional investors own 51.16% of the company’s stock.

Shares of Hershey Company (HSY) opened at 105.65 on Tuesday. The firm has a market capitalization of $22.44 billion, a P/E ratio of 33.75 and a beta of 0.38. Hershey Company has a 12-month low of $94.03 and a 12-month high of $116.49. The stock has a 50 day moving average price of $107.82 and a 200 day moving average price of $108.63.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share 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 during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that Hershey Company will post $4.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.656 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, August 23rd. Hershey Company (The)’s payout ratio is 78.66%.

WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/08/08/hershey-company-the-nysehsy-position-boosted-by-cullen-frost-bankers-inc.html.

Several equities analysts have commented on HSY shares. Susquehanna Bancshares Inc set a $115.00 price target on shares of Hershey Company (The) and gave the company a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered shares of Hershey Company (The) from a “buy” rating to a “sell” rating in a research note on Thursday, June 29th. Deutsche Bank AG dropped their price target 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. Royal Bank Of Canada reiterated a “hold” rating and issued a $114.00 price target on shares of Hershey Company (The) in a research note on Friday, July 21st. Finally, BidaskClub lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $109.14.

In related news, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $106.99, for a total transaction of $117,689.00. Following the completion of the transaction, the senior vice president now directly owns 28,066 shares in the company, valued at approximately $3,002,781.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Terence L. O’day sold 37,875 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $113.88, for a total value of $4,313,205.00. Following the transaction, the senior vice president now owns 75,303 shares of the company’s stock, valued at $8,575,505.64. The disclosure for this sale can be found here. Insiders sold a total of 105,086 shares of company stock valued at $11,922,182 over the last quarter. Company insiders own 0.92% of the company’s stock.

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)

Receive News & Ratings for Hershey Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.