Strs Ohio raised its position in Hershey Company (The) (NYSE:HSY) by 9.1% during the second quarter, Holdings Channel reports. The firm owned 19,956 shares of the company’s stock after buying an additional 1,666 shares during the period. Strs Ohio’s holdings in Hershey Company (The) were worth $2,142,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in HSY. Kanawha Capital Management LLC raised 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 during the last quarter. Enterprise Financial Services Corp raised 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 during the last quarter. RB Capital Management LLC raised 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 during the last quarter. Profund Advisors LLC raised 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 during the last quarter. Finally, Gateway Investment Advisers LLC raised 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 during the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.

Shares of Hershey Company (HSY) opened at 105.30 on Friday. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The company’s 50-day moving average price is $106.29 and its 200 day moving average price is $108.56. The firm has a market cap of $22.37 billion, a P/E ratio of 33.64 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings results 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 business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, equities analysts anticipate that Hershey Company will post $4.82 earnings per share for the current year.

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

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

In other Hershey Company (The) news, Director David L. Shedlarz sold 4,500 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $115.45, for a total transaction of $519,525.00. Following the sale, the director now owns 15,342 shares of the company’s stock, valued at $1,771,233.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $106.99, for a total transaction of $117,689.00. Following the sale, the senior vice president now directly owns 28,066 shares in the company, valued at approximately $3,002,781.34. The disclosure for this sale can be found here. Insiders have sold 97,408 shares of company stock worth $11,100,636 in the last ninety days. 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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