Renaissance Technologies LLC raised its holdings in Hershey Company (The) (NYSE:HSY) by 60.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,699,400 shares of the company’s stock after purchasing an additional 639,400 shares during the quarter. Renaissance Technologies LLC owned 1.12% of Hershey Company (The) worth $182,465,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Parametric Portfolio Associates LLC grew its stake in shares of Hershey Company (The) by 127.3% in the second quarter. Parametric Portfolio Associates LLC now owns 434,774 shares of the company’s stock valued at $46,682,000 after buying an additional 243,513 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Hershey Company (The) by 18.7% in the second quarter. Advisor Group Inc. now owns 20,290 shares of the company’s stock valued at $2,087,000 after buying an additional 3,192 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Hershey Company (The) by 2.7% in the second quarter. Nordea Investment Management AB now owns 223,420 shares of the company’s stock valued at $23,989,000 after buying an additional 5,850 shares in the last quarter. Cibc World Markets Corp grew its stake in shares of Hershey Company (The) by 193.3% in the second quarter. Cibc World Markets Corp now owns 204,076 shares of the company’s stock valued at $21,912,000 after buying an additional 134,498 shares in the last quarter. Finally, Suntrust Banks Inc. grew its stake in shares of Hershey Company (The) by 6.2% in the second quarter. Suntrust Banks Inc. now owns 27,700 shares of the company’s stock valued at $2,973,000 after buying an additional 1,623 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.

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A number of equities research analysts have recently weighed in on HSY shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 28th. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Wednesday, June 28th. Morgan Stanley dropped 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 note on Tuesday, July 18th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $111.00 price objective (down from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc set a $118.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $111.48.

Hershey Company (NYSE:HSY) opened at 106.325 on Monday. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49. The firm has a market capitalization of $22.59 billion, a PE ratio of 33.970 and a beta of 0.38. The stock’s 50 day moving average price is $106.65 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, beating the consensus estimate of $0.90 by $0.19. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Analysts expect that Hershey Company will post $4.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a dividend of $0.656 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 annualized dividend and a dividend yield of 2.46%. Hershey Company (The)’s dividend payout ratio (DPR) is currently 83.44%.

In other news, SVP D Michael Wege sold 1,100 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 27,866 shares in the company, valued at $2,938,469.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michele Buck sold 400 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.00, for a total value of $43,200.00. Following the sale, the insider now owns 166,097 shares of the company’s stock, valued at $17,938,476. The disclosure for this sale can be found here. Insiders have sold 4,504,100 shares of company stock valued at $477,484,258 over the last 90 days. Insiders own 0.92% of the company’s stock.

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.

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

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