Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 4,444 Shares of The Hershey Company (NYSE:HSY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of The Hershey Company (NYSE:HSYFree Report) by 17.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,131 shares of the company’s stock after buying an additional 4,444 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hershey were worth $6,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Hershey by 3.2% during the second quarter. BlackRock Inc. now owns 15,160,022 shares of the company’s stock valued at $3,785,458,000 after purchasing an additional 465,423 shares in the last quarter. Vanguard Group Inc. raised its stake in Hershey by 1.6% during the first quarter. Vanguard Group Inc. now owns 14,057,990 shares of the company’s stock valued at $3,045,383,000 after purchasing an additional 216,715 shares in the last quarter. State Street Corp raised its stake in Hershey by 1.6% during the second quarter. State Street Corp now owns 7,144,337 shares of the company’s stock valued at $1,783,941,000 after purchasing an additional 111,357 shares in the last quarter. Geode Capital Management LLC raised its stake in Hershey by 9.1% during the first quarter. Geode Capital Management LLC now owns 3,489,322 shares of the company’s stock valued at $886,746,000 after purchasing an additional 290,920 shares in the last quarter. Finally, Morgan Stanley raised its stake in Hershey by 57.2% during the fourth quarter. Morgan Stanley now owns 2,648,666 shares of the company’s stock valued at $613,352,000 after purchasing an additional 964,019 shares in the last quarter. Institutional investors own 56.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HSY shares. Barclays decreased their price objective on Hershey from $212.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 16th. Bank of America downgraded shares of Hershey from a “buy” rating to a “neutral” rating and reduced their target price for the company from $250.00 to $200.00 in a research note on Friday, December 15th. Mizuho reduced their target price on shares of Hershey from $195.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st. Wells Fargo & Company increased their target price on shares of Hershey from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, DA Davidson began coverage on shares of Hershey in a research report on Friday, December 8th. They issued a “neutral” rating and a $205.00 price objective on the stock. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hershey has a consensus rating of “Hold” and a consensus price target of $228.00.

View Our Latest Research Report on Hershey

Hershey Price Performance

Shares of HSY opened at $195.45 on Friday. The company has a market capitalization of $39.97 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.63 and a beta of 0.36. The business’s 50-day moving average is $189.41 and its two-hundred day moving average is $199.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.63 and a current ratio of 0.97. The Hershey Company has a fifty-two week low of $178.82 and a fifty-two week high of $276.88.

Hershey (NYSE:HSYGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Hershey had a net margin of 16.67% and a return on equity of 51.79%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm posted $2.02 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts predict that The Hershey Company will post 9.6 earnings per share for the current year.

Hershey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th will be issued a $1.37 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $5.48 dividend on an annualized basis and a yield of 2.80%. This is a positive change from Hershey’s previous quarterly dividend of $1.19. Hershey’s dividend payout ratio (DPR) is presently 52.71%.

Insiders Place Their Bets

In other news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $192.71, for a total value of $289,065.00. Following the transaction, the chief financial officer now directly owns 32,816 shares of the company’s stock, valued at $6,323,971.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Charles R. Raup sold 2,065 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $191.85, for a total transaction of $396,170.25. Following the transaction, the insider now owns 14,770 shares of the company’s stock, valued at approximately $2,833,624.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $192.71, for a total transaction of $289,065.00. Following the sale, the chief financial officer now owns 32,816 shares of the company’s stock, valued at $6,323,971.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,018 shares of company stock valued at $1,331,734 in the last 90 days. 0.34% of the stock is owned by insiders.

Hershey Company Profile

(Free Report)

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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