IFP Advisors Inc Sells 24 Shares of Hershey Company (The) (HSY)
IFP Advisors Inc decreased its position in Hershey Company (The) (NYSE:HSY) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,711 shares of the company’s stock after selling 24 shares during the period. IFP Advisors Inc’s holdings in Hershey Company (The) were worth $506,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of HSY. Mn Services Vermogensbeheer B.V. boosted its stake in Hershey Company (The) by 2.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,841 shares of the company’s stock worth $392,000 after buying an additional 103 shares in the last quarter. CAPROCK Group Inc. bought a new stake in Hershey Company (The) during the first quarter worth approximately $249,000. State of Alaska Department of Revenue bought a new stake in Hershey Company (The) during the first quarter worth approximately $1,871,000. Huntington National Bank boosted its stake in Hershey Company (The) by 38.5% in the first quarter. Huntington National Bank now owns 20,162 shares of the company’s stock worth $2,204,000 after buying an additional 5,605 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in Hershey Company (The) during the first quarter worth approximately $652,000. Hedge funds and other institutional investors own 51.16% of the company’s stock.
Hershey Company (NYSE HSY) opened at 105.20 on Friday. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of 33.61 and a beta of 0.38. The stock has a 50 day moving average price of $106.14 and a 200 day moving average price of $108.56.
Hershey Company (The) (NYSE:HSY) last issued 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 business 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 firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. Analysts predict that Hershey Company will post $4.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid 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 of this dividend is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a yield of 2.49%. Hershey Company (The)’s dividend payout ratio is presently 78.66%.
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A number of research firms recently commented on HSY. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $115.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a research report on Friday, June 2nd. BidaskClub cut Hershey Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Deutsche Bank AG lowered their price target on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating for the company in a 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 report on Wednesday, June 28th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $116.00 price target (down previously from $119.00) on shares of Hershey Company (The) in a report on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $109.14.
In related news, Director David L. Shedlarz sold 4,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $115.45, for a total transaction of $519,525.00. Following the completion of the sale, the director now owns 15,342 shares in the company, valued at approximately $1,771,233.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP D Michael Wege sold 1,100 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $106.99, for a total value of $117,689.00. Following 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 have sold 97,408 shares of company stock valued at $11,100,636. 0.92% of the stock is owned by corporate insiders.
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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