Bp Plc continued to hold its position in Hershey Company (The) (NYSE:HSY) during the second quarter, Holdings Channel reports. The firm owned 18,000 shares of the company’s stock at the end of the second quarter. Bp Plc’s holdings in Hershey Company (The) were worth $1,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Hershey Company (The) by 3,144.3% in the first quarter. BlackRock Inc. now owns 10,106,348 shares of the company’s stock worth $1,104,118,000 after buying an additional 9,794,835 shares in the last quarter. Rothschild Asset Management Inc. raised its position in Hershey Company (The) by 7,236.9% in the first quarter. Rothschild Asset Management Inc. now owns 500,009 shares of the company’s stock worth $54,626,000 after buying an additional 493,194 shares in the last quarter. HS Management Partners LLC bought a new position in Hershey Company (The) during the first quarter worth about $34,345,000. Smith Asset Management Group LP bought a new position in Hershey Company (The) during the first quarter worth about $33,672,000. Finally, SG Americas Securities LLC raised its position in Hershey Company (The) by 103.9% in the first quarter. SG Americas Securities LLC now owns 11,407 shares of the company’s stock worth $1,246,000 after buying an additional 305,793 shares in the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.

Shares of Hershey Company (NYSE HSY) opened at 105.30 on Friday. Hershey Company has a one year low of $94.03 and a one year high of $116.49. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 33.64 and a beta of 0.38. The stock has a 50 day moving average price of $106.29 and a 200 day moving average price of $108.56.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate 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%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. On average, equities research analysts forecast that Hershey Company will post $4.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders 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 2.49%. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, August 23rd. Hershey Company (The)’s dividend payout ratio (DPR) is presently 78.66%.

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A number of research analysts have issued reports on the company. Credit Suisse Group reiterated an “outperform” rating on shares of Hershey Company (The) in a research report on Sunday, April 23rd. Deutsche Bank AG reduced their price target on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Zacks Investment Research upgraded Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Wednesday, June 28th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $116.00 price target (down previously from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. Finally, BidaskClub lowered Hershey Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Five 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. The company presently has a consensus rating of “Hold” and a consensus target price of $109.14.

In other Hershey Company (The) news, SVP D Michael Wege sold 14,440 shares of the stock in a transaction on 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 approximately $4,911,568.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David L. Shedlarz sold 4,500 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $115.45, for a total value of $519,525.00. Following the completion of the transaction, the director now owns 15,342 shares in the company, valued at $1,771,233.90. The disclosure for this sale can be found here. Insiders sold a total of 97,408 shares of company stock worth $11,100,636 over the last quarter. Corporate insiders own 0.92% of the company’s stock.

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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