Howard Hughes Medical Institute cut its stake in shares of Hershey Company (The) (NYSE:HSY) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after selling 5,000 shares during the quarter. Hershey Company (The) accounts for 0.9% of Howard Hughes Medical Institute’s portfolio, making the stock its 28th largest holding. Howard Hughes Medical Institute’s holdings in Hershey Company (The) were worth $4,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans boosted its stake in shares of Hershey Company (The) by 32.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,800 shares of the company’s stock worth $729,000 after acquiring an additional 1,670 shares in the last quarter. HS Management Partners LLC boosted its position in shares of Hershey Company (The) by 103.0% in the second quarter. HS Management Partners LLC now owns 638,100 shares of the company’s stock worth $68,513,000 after buying an additional 323,725 shares during the period. Profund Advisors LLC boosted its position in shares of Hershey Company (The) by 29.8% in the second quarter. Profund Advisors LLC now owns 4,409 shares of the company’s stock worth $473,000 after buying an additional 1,012 shares during the period. BT Investment Management Ltd acquired a new stake in shares of Hershey Company (The) in the second quarter worth $292,000. Finally, Amalgamated Bank boosted its position in shares of Hershey Company (The) by 54.3% in the second quarter. Amalgamated Bank now owns 16,364 shares of the company’s stock worth $1,757,000 after buying an additional 5,762 shares during the period. 51.39% of the stock is owned by institutional investors and hedge funds.

Hershey Company (NYSE HSY) traded up 1.08% during mid-day trading on Friday, reaching $110.50. The company had a trading volume of 1,224,543 shares. The stock has a market cap of $23.48 billion, a PE ratio of 35.30 and a beta of 0.38. Hershey Company 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 $106.42 and its 200-day moving average price is $108.51.

Hershey Company (The) (NYSE:HSY) last announced its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Equities research analysts forecast that Hershey Company will post $4.82 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.656 dividend. The ex-dividend date was Wednesday, August 23rd. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 dividend on an annualized basis and a yield of 2.37%. Hershey Company (The)’s dividend payout ratio is presently 83.44%.

HSY has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Zacks Investment Research raised Hershey Company (The) 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 issued a $116.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. BidaskClub cut Hershey Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $111.00 target price (down previously from $112.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $111.48.

In other news, SVP Leslie M. Turner sold 6,373 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $112.00, for a total transaction of $713,776.00. Following the completion of the transaction, the senior vice president now directly owns 80,909 shares in the company, valued at approximately $9,061,808. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP D Michael Wege sold 1,100 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $105.45, for a total transaction of $115,995.00. Following the transaction, the senior vice president now owns 27,866 shares of the company’s stock, valued at $2,938,469.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,509,773 shares of company stock valued at $478,121,705. Company insiders own 0.92% of the company’s stock.

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Hershey Company (The) 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.

Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

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