Bright Rock Capital Management LLC maintained its stake in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, Holdings Channel reports. The fund owned 21,700 shares of the company’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Hershey Company (The) were worth $2,330,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of 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. raised 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 in the last quarter. YorkBridge Wealth Partners LLC raised 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 in the last quarter. Enterprise Financial Services Corp raised 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 in the last quarter. Finally, Johnson Financial Group Inc. raised 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 in the last quarter. 51.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hershey Company (HSY) opened at 105.25 on Thursday. The company has a 50 day moving average of $106.47 and a 200-day moving average of $108.58. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The firm has a market capitalization of $22.36 billion, a P/E ratio of 33.63 and a beta of 0.38.

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 analysts’ consensus estimates 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 company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Hershey Company (The)’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts predict that Hershey Company will post $4.82 EPS for the current year.

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

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A number of equities research analysts have commented on the stock. Susquehanna Bancshares Inc set a $115.00 price objective on shares of Hershey Company (The) and gave the stock a “hold” rating in a report on Saturday, June 17th. Credit Suisse Group reissued a “buy” rating and set a $121.00 price objective on shares of Hershey Company (The) in a report on Friday, July 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $115.00 price objective (up previously from $114.00) on shares of Hershey Company (The) in a report on Thursday, July 27th. BidaskClub lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $111.00 target price (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Hershey Company (The) currently has an average rating of “Hold” and an average target price of $109.14.

In other news, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $105.45, for a total transaction of $115,995.00. Following the transaction, the senior vice president now directly owns 27,866 shares of the company’s stock, valued at $2,938,469.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terence L. O’day sold 37,875 shares of the company’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 value of $4,313,205.00. Following the transaction, the senior vice president now directly owns 75,303 shares in the company, valued at $8,575,505.64. The disclosure for this sale can be found here. Insiders have sold 105,086 shares of company stock worth $11,922,182 over the last ninety days. 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.

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

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