Commonwealth Equity Services Inc increased its holdings in shares of Hershey Company (The) (NYSE:HSY) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,929 shares of the company’s stock after purchasing an additional 1,486 shares during the period. Commonwealth Equity Services Inc’s holdings in Hershey Company (The) were worth $6,542,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HSY. WFG Advisors LP raised its position in Hershey Company (The) by 25.2% during the 2nd quarter. WFG Advisors LP now owns 998 shares of the company’s stock worth $107,000 after buying an additional 201 shares during the last quarter. Sun Life Financial INC raised its position in Hershey Company (The) by 12,637.5% during the 2nd quarter. Sun Life Financial INC now owns 1,019 shares of the company’s stock worth $109,000 after buying an additional 1,011 shares during the last quarter. QCI Asset Management Inc. NY raised its position in Hershey Company (The) by 10.8% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,024 shares of the company’s stock worth $110,000 after buying an additional 100 shares during the last quarter. Fiduciary Trust Co. purchased a new position in Hershey Company (The) during the 2nd quarter worth $125,000. Finally, Dupont Capital Management Corp purchased a new position in Hershey Company (The) during the 2nd quarter worth $174,000. Hedge funds and other institutional investors own 50.22% of the company’s stock.

In other Hershey Company (The) news, insider Michele Buck sold 400 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $108.00, for a total transaction of $43,200.00. Following the completion of the transaction, the insider now directly owns 165,697 shares in the company, valued at approximately $17,895,276. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP D Michael Wege sold 1,100 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $110.26, for a total transaction of $121,286.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,534,049 shares of company stock valued at $480,760,013 over the last 90 days. 0.92% of the stock is currently owned by insiders.

Shares of Hershey Company (HSY) traded down $0.60 on Friday, hitting $109.10. 1,979,507 shares of the stock were exchanged, compared to its average volume of 1,077,792. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.95 and a quick ratio of 0.55. The stock has a market cap of $22,983.88, a P/E ratio of 22.27, a PEG ratio of 2.97 and a beta of 0.36. Hershey Company has a 1-year low of $95.68 and a 1-year high of $116.49.

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

Hershey Company (The) declared that its board has authorized a stock buyback plan on Thursday, October 26th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.656 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.62 annualized dividend and a yield of 2.41%. Hershey Company (The)’s dividend payout ratio (DPR) is currently 77.98%.

A number of brokerages have commented on HSY. Zacks Investment Research upgraded shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Monday, October 2nd. Susquehanna Bancshares Inc set a $113.00 price objective on shares of Hershey Company (The) and gave the stock a “hold” rating in a research report on Thursday, October 26th. Credit Suisse Group restated a “buy” rating and set a $121.00 price objective on shares of Hershey Company (The) in a research report on Friday, July 28th. Deutsche Bank AG restated a “hold” rating and set a $111.00 price objective (down previously from $112.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Finally, Sanford C. Bernstein upgraded shares of Hershey Company (The) from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $109.00 to $127.00 in a research report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Hershey Company (The) has a consensus rating of “Hold” and an average price target of $113.35.

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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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