The Hershey Company (NYSE:HSY) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. trimmed its holdings in shares of The Hershey Company (NYSE:HSYFree Report) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,710 shares of the company’s stock after selling 90 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Hershey were worth $319,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HSY. Nordea Investment Management AB increased its holdings in shares of Hershey by 143.7% during the third quarter. Nordea Investment Management AB now owns 2,465,403 shares of the company’s stock valued at $496,039,000 after purchasing an additional 1,453,819 shares during the period. International Assets Investment Management LLC boosted its stake in Hershey by 18,495.8% during the fourth quarter. International Assets Investment Management LLC now owns 295,673 shares of the company’s stock valued at $55,125,000 after buying an additional 294,083 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hershey by 1.5% during the third quarter. Vanguard Group Inc. now owns 14,911,173 shares of the company’s stock valued at $2,983,427,000 after buying an additional 222,960 shares in the last quarter. Trexquant Investment LP bought a new position in Hershey during the third quarter valued at about $33,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hershey by 270.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 197,312 shares of the company’s stock valued at $39,478,000 after buying an additional 144,103 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $185.83, for a total value of $278,745.00. Following the completion of the sale, the chief financial officer now directly owns 38,728 shares in the company, valued at approximately $7,196,824.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.29% of the company’s stock.

Hershey Stock Up 2.3 %

HSY opened at $209.51 on Tuesday. The Hershey Company has a fifty-two week low of $178.82 and a fifty-two week high of $274.58. The business has a 50-day moving average of $193.16 and a 200-day moving average of $191.06. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.97 and a quick ratio of 0.64. The company has a market capitalization of $42.37 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 3.16 and a beta of 0.33.

Hershey (NYSE:HSYGet Free Report) last posted its quarterly earnings results on Friday, May 3rd. The company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.33. Hershey had a return on equity of 50.15% and a net margin of 18.13%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the business earned $2.96 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that The Hershey Company will post 9.6 EPS for the current fiscal year.

Hershey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 16th. Hershey’s dividend payout ratio (DPR) is presently 54.31%.

Wall Street Analysts Forecast Growth

HSY has been the subject of several research reports. Sanford C. Bernstein raised Hershey from a “market perform” rating to an “outperform” rating and set a $235.00 target price for the company in a research note on Monday, January 29th. Edward Jones reiterated a “hold” rating on shares of Hershey in a research report on Friday, April 19th. Citigroup decreased their price target on Hershey from $213.00 to $199.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Barclays increased their price target on Hershey from $200.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Finally, Wells Fargo & Company increased their price target on Hershey from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $213.06.

View Our Latest Research Report on HSY

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; protein bars; 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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