Blue Sky Asset Management LLC bought a new position in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, Holdings Channel reports. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $322,000.

Several other hedge funds also recently made changes to their positions in HSY. Invictus RG bought a new stake in shares of Hershey Company (The) during the first quarter worth approximately $155,000. Independent Portfolio Consultants Inc. boosted its stake in shares of Hershey Company (The) by 139.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock worth $163,000 after buying an additional 886 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock worth $168,000 after buying an additional 475 shares during the period. Enterprise Financial Services Corp boosted its stake 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 during the period. Finally, Johnson Financial Group Inc. boosted its stake in shares of Hershey Company (The) by 9.5% in the first quarter. Johnson Financial Group Inc. now owns 1,733 shares of the company’s stock worth $189,000 after buying an additional 150 shares during the period. 51.16% of the stock is owned by institutional investors.

Hershey Company (NYSE:HSY) opened at 105.25 on Thursday. The company has a market capitalization of $22.36 billion, a PE ratio of 33.63 and a beta of 0.38. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The stock’s 50 day moving average is $106.47 and its 200 day moving average is $108.58.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.656 per share. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a dividend yield of 2.49%. Hershey Company (The)’s payout ratio is currently 78.66%.

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A number of analysts have recently commented on the company. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $116.00 price target (down from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Credit Suisse Group reaffirmed a “buy” rating and issued a $121.00 price target on shares of Hershey Company (The) in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target (up from $114.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Susquehanna Bancshares Inc set a $118.00 price target on Hershey Company (The) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $111.00 price target (down from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Hershey Company (The) has a consensus rating of “Hold” and an average price target of $109.14.

In other news, SVP Terence L. O’day sold 37,875 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $113.88, for a total transaction of $4,313,205.00. Following the completion of the sale, the senior vice president now owns 75,303 shares in the company, valued at $8,575,505.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Terence L. O’day sold 7,678 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 37,428 shares of the company’s stock, valued at approximately $4,004,796. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,086 shares of company stock valued at $11,922,182. Corporate 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.

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

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