Foster Dykema Cabot & Co. Inc. MA Has $279,000 Stake in Hershey Co (NYSE:HSY)
Foster Dykema Cabot & Co. Inc. MA held its position in shares of Hershey Co (NYSE:HSY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Hershey were worth $279,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. CAPROCK Group Inc. bought a new position in shares of Hershey during the first quarter valued at $249,000. State of Alaska Department of Revenue acquired a new stake in shares of Hershey during the first quarter valued at about $1,871,000. Huntington National Bank raised its stake in shares of Hershey by 38.5% in the first quarter. Huntington National Bank now owns 20,162 shares of the company’s stock valued at $2,204,000 after buying an additional 5,605 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Hershey during the first quarter valued at about $652,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Hershey by 3.2% in the first quarter. Nisa Investment Advisors LLC now owns 63,497 shares of the company’s stock valued at $6,937,000 after buying an additional 1,945 shares in the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.
Hershey Co (NYSE HSY) opened at 105.20 on Friday. Hershey Co has a 12-month low of $94.03 and a 12-month high of $116.49. The firm’s 50-day moving average price is $106.14 and its 200-day moving average price is $108.56. The stock has a market cap of $22.35 billion, a price-to-earnings ratio of 33.61 and a beta of 0.38.
Hershey (NYSE:HSY) last posted its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Hershey had a return on equity of 96.86% and a net margin of 12.19%. Hershey’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities analysts predict that Hershey Co will post $4.82 EPS for the current fiscal year.
The business 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 $0.656 dividend. This is a boost from Hershey’s previous quarterly dividend of $0.62. 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%. Hershey’s dividend payout ratio is presently 78.66%.
Several equities research analysts have recently issued reports on HSY shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Hershey in a research report on Sunday, April 23rd. Deutsche Bank AG decreased their target price on Hershey 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 raised Hershey from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Wednesday, June 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $116.00 target price (down from $119.00) on shares of Hershey in a research report on Wednesday, June 28th. Finally, BidaskClub lowered Hershey from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.14.
In other Hershey news, Director David L. Shedlarz sold 4,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $115.45, for a total value of $519,525.00. Following the completion of the sale, the director now owns 15,342 shares in the company, valued at $1,771,233.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $106.99, for a total value of $117,689.00. Following the completion of the sale, the senior vice president now owns 28,066 shares of the company’s stock, valued at approximately $3,002,781.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,408 shares of company stock valued at $11,100,636. Company insiders own 0.92% of the company’s stock.
Hershey 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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