Quantbot Technologies LP acquired a new stake in shares of Hershey Company (The) (NYSE:HSY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 102,553 shares of the company’s stock, valued at approximately $11,011,000. Hershey Company (The) makes up 1.0% of Quantbot Technologies LP’s investment portfolio, making the stock its 8th largest holding. Quantbot Technologies LP owned approximately 0.07% of Hershey Company (The) at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System grew its position in shares of Hershey Company (The) by 0.5% during the second quarter. California Public Employees Retirement System now owns 355,854 shares of the company’s stock valued at $38,208,000 after purchasing an additional 1,700 shares in the last quarter. MML Investors Services LLC grew its position in shares of Hershey Company (The) by 18.5% during the second quarter. MML Investors Services LLC now owns 5,522 shares of the company’s stock valued at $593,000 after purchasing an additional 861 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Hershey Company (The) by 2.8% during the second quarter. Vanguard Group Inc. now owns 9,545,096 shares of the company’s stock valued at $1,024,857,000 after purchasing an additional 260,072 shares in the last quarter. Northern Trust Corp grew its position in shares of Hershey Company (The) by 0.3% during the second quarter. Northern Trust Corp now owns 1,825,282 shares of the company’s stock valued at $195,980,000 after purchasing an additional 5,796 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Hershey Company (The) by 1.1% during the second quarter. D.A. Davidson & CO. now owns 13,148 shares of the company’s stock valued at $1,411,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.19. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Hershey Company (The)’s revenue was up 1.5% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was 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 currently 83.44%.

HSY has been the subject of a number of research analyst reports. Susquehanna Bancshares Inc restated 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 lowered Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co restated a “neutral” rating and set a $116.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. Zacks Investment Research upgraded Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Wednesday, June 28th. Finally, Morgan Stanley cut their price objective 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. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $111.48.

In other news, SVP D Michael Wege sold 1,100 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $105.45, for a total value of $115,995.00. Following the completion of the sale, the senior vice president now owns 27,866 shares of the company’s stock, valued at approximately $2,938,469.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michele Buck sold 400 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $110.11, for a total transaction of $44,044.00. Following the completion of the sale, the insider now directly owns 166,497 shares of the company’s stock, valued at approximately $18,332,984.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,504,500 shares of company stock valued at $477,528,302. 0.92% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Quantbot Technologies LP Acquires Shares of 102,553 Hershey Company (The) (HSY)” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/09/21/quantbot-technologies-lp-acquires-shares-of-102553-hershey-company-the-hsy.html.

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.

Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Company (The) (NYSE:HSY).

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

Receive News & Ratings for Hershey Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.