Qube Research & Technologies Ltd acquired a new position in Hershey Co (NYSE:HSY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,076 shares of the company’s stock, valued at approximately $193,000.

A number of other hedge funds have also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its holdings in Hershey by 2.9% during the second quarter. CIBC Asset Management Inc now owns 18,971 shares of the company’s stock worth $1,765,000 after buying an additional 541 shares during the last quarter. Domani Wealth LLC boosted its holdings in Hershey by 9.0% during the second quarter. Domani Wealth LLC now owns 6,652 shares of the company’s stock worth $619,000 after buying an additional 551 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Hershey by 4.6% during the second quarter. CENTRAL TRUST Co now owns 13,461 shares of the company’s stock worth $1,253,000 after buying an additional 598 shares during the last quarter. FTB Advisors Inc. boosted its holdings in Hershey by 108.4% during the second quarter. FTB Advisors Inc. now owns 1,167 shares of the company’s stock worth $107,000 after buying an additional 607 shares during the last quarter. Finally, HL Financial Services LLC lifted its holdings in shares of Hershey by 2.4% during the 2nd quarter. HL Financial Services LLC now owns 27,736 shares of the company’s stock valued at $2,581,000 after purchasing an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Hershey from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Wednesday, June 27th. Credit Suisse Group set a $85.00 price objective on Hershey and gave the company a “sell” rating in a report on Thursday. Deutsche Bank set a $110.00 price objective on Hershey and gave the company a “hold” rating in a report on Friday. ValuEngine upgraded Hershey from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Morgan Stanley lifted their price objective on Hershey from $93.00 to $98.00 and gave the company an “underweight” rating in a report on Friday, July 27th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $102.78.

In other Hershey news, SVP Kevin R. Walling sold 30,835 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $101.18, for a total transaction of $3,119,885.30. Following the transaction, the senior vice president now owns 57,611 shares of the company’s stock, valued at approximately $5,829,080.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michele Buck sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $92.26, for a total value of $138,390.00. Following the transaction, the insider now directly owns 175,394 shares in the company, valued at approximately $16,181,850.44. The disclosure for this sale can be found here. In the last three months, insiders sold 33,835 shares of company stock worth $3,411,125. 0.92% of the stock is owned by insiders.

Shares of Hershey stock opened at $105.97 on Monday. Hershey Co has a 52-week low of $89.10 and a 52-week high of $115.82. The company has a market capitalization of $22.18 billion, a P/E ratio of 22.26, a PEG ratio of 2.26 and a beta of 0.32. The company has a current ratio of 0.94, a quick ratio of 0.58 and a debt-to-equity ratio of 3.05.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, July 26th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.04. Hershey had a return on equity of 108.82% and a net margin of 13.40%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm earned $1.09 EPS. Hershey’s revenue for the quarter was up 5.3% compared to the same quarter last year. research analysts forecast that Hershey Co will post 5.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 24th were given a $0.722 dividend. This represents a $2.89 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, August 23rd. This is a positive change from Hershey’s previous quarterly dividend of $0.66. Hershey’s dividend payout ratio (DPR) is currently 60.71%.

Hershey Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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