Courier Capital LLC held its stake in shares of Hershey Company (The) (NYSE:HSY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,120 shares of the company’s stock at the close of the 2nd quarter. Courier Capital LLC’s holdings in Hershey Company (The) were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HSY. QCI Asset Management Inc. NY grew its holdings in Hershey Company (The) by 10.8% in the second quarter. QCI Asset Management Inc. NY now owns 1,024 shares of the company’s stock valued at $110,000 after purchasing an additional 100 shares during the period. Fiduciary Trust Co. acquired a new stake in Hershey Company (The) in the second quarter valued at approximately $125,000. Invictus RG acquired a new stake in Hershey Company (The) in the first quarter valued at approximately $155,000. Independent Portfolio Consultants Inc. grew its holdings in Hershey Company (The) by 139.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock valued at $163,000 after purchasing an additional 886 shares during the period. Finally, YorkBridge Wealth Partners LLC grew its holdings in Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after purchasing an additional 475 shares during the period. 51.39% of the stock is currently owned by institutional investors.

Hershey Company (HSY) traded down 0.16% during midday trading on Thursday, reaching $109.24. The company’s stock had a trading volume of 126,022 shares. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 34.90 and a beta of 0.38. The company has a 50 day moving average price of $106.15 and a 200 day moving average price of $108.48.

Hershey Company (The) (NYSE:HSY) last announced its earnings results on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. Hershey Company (The)’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, equities research analysts expect that Hershey Company will post $4.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.656 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, August 23rd. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio is 83.44%.

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In other Hershey Company (The) news, SVP Leslie M. Turner sold 6,373 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $112.00, for a total transaction of $713,776.00. Following the sale, the senior vice president now owns 80,909 shares in the company, valued at approximately $9,061,808. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Terence L. O’day sold 2,806 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $115.12, for a total value of $323,026.72. Following the sale, the senior vice president now owns 35,028 shares in the company, valued at approximately $4,032,423.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,512,579 shares of company stock worth $478,444,732. 0.92% of the stock is owned by insiders.

Several analysts have commented on the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a $116.00 price objective (down from $119.00) on shares of Hershey Company (The) in a report on Wednesday, June 28th. Credit Suisse Group reaffirmed a “buy” rating and issued a $121.00 price target on shares of Hershey Company (The) in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target (up from $114.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Susquehanna Bancshares Inc set a $118.00 price target on Hershey Company (The) and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $111.00 price target (down from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Hershey Company (The) currently has a consensus rating of “Hold” and a consensus target price of $111.48.

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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