Ballentine Partners LLC acquired a new stake in shares of Hershey Company (The) (NYSE:HSY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,368 shares of the company’s stock, valued at approximately $259,000.

Other hedge funds have also modified their holdings of the company. WFG Advisors LP grew its holdings in Hershey Company (The) by 25.2% in the second quarter. WFG Advisors LP now owns 998 shares of the company’s stock worth $107,000 after purchasing an additional 201 shares during the last quarter. Sun Life Financial INC grew its holdings in Hershey Company (The) by 12,637.5% in the second quarter. Sun Life Financial INC now owns 1,019 shares of the company’s stock worth $109,000 after purchasing an additional 1,011 shares during the last quarter. 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 worth $110,000 after purchasing an additional 100 shares during the last quarter. Fiduciary Trust Co. purchased a new position in Hershey Company (The) in the second quarter worth $125,000. Finally, 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 worth $163,000 after purchasing an additional 886 shares during the last quarter. 50.22% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on HSY shares. Zacks Investment Research raised shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Monday, October 2nd. UBS AG dropped their price objective on shares of Hershey Company (The) from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Susquehanna Bancshares Inc set a $113.00 price objective on shares of Hershey Company (The) and gave the company a “hold” rating in a report on Thursday, October 26th. Deutsche Bank AG reissued a “hold” rating and set a $111.00 price objective (down from $112.00) on shares of Hershey Company (The) in a report on Thursday, July 27th. Finally, BMO Capital Markets reissued a “hold” rating and set a $105.00 price objective on shares of Hershey Company (The) in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $113.35.

In related news, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $106.01, for a total transaction of $477,045,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele Buck sold 400 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the transaction, the insider now owns 165,697 shares of the company’s stock, valued at approximately $17,895,276. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,519,232 shares of company stock valued at $479,154,674. Insiders own 0.92% of the company’s stock.

Hershey Company (HSY) traded down $0.04 during midday trading on Monday, reaching $108.56. 276,773 shares of the company were exchanged, compared to its average volume of 1,031,641. The firm has a market capitalization of $23,050.00, a P/E ratio of 22.16, a PEG ratio of 2.95 and a beta of 0.36. Hershey Company has a 52 week low of $95.68 and a 52 week high of $116.49. The company has a quick ratio of 0.55, a current ratio of 0.95 and a debt-to-equity ratio of 2.45.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings data on Thursday, October 26th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.01 billion. Hershey Company (The) had a net margin of 9.52% and a return on equity of 124.06%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 earnings per share. equities analysts predict that Hershey Company will post 4.8 earnings per share for the current year.

Hershey Company (The) declared that its board has authorized a stock repurchase program on Thursday, October 26th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be given a $0.656 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.42%. Hershey Company (The)’s dividend payout ratio (DPR) is currently 85.34%.

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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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