Boston Financial Mangement LLC Increases Position in Hershey Company (The) (HSY)

Boston Financial Mangement LLC increased its stake in Hershey Company (The) (NYSE:HSY) by 7.4% during the first quarter, Holdings Channel reports. The institutional investor owned 112,281 shares of the company’s stock after buying an additional 7,688 shares during the period. Boston Financial Mangement LLC’s holdings in Hershey Company (The) were worth $12,267,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HSY. Van ECK Associates Corp raised its position in shares of Hershey Company (The) by 8.7% in the fourth quarter. Van ECK Associates Corp now owns 2,051 shares of the company’s stock worth $212,000 after buying an additional 164 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hershey Company (The) by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 292,776 shares of the company’s stock worth $30,283,000 after buying an additional 4,337 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Hershey Company (The) by 7.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 11,800 shares of the company’s stock worth $1,220,000 after buying an additional 800 shares during the period. Employees Retirement System of Texas raised its position in shares of Hershey Company (The) by 60.0% in the fourth quarter. Employees Retirement System of Texas now owns 8,000 shares of the company’s stock worth $827,000 after buying an additional 3,000 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Hershey Company (The) by 27.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,187 shares of the company’s stock worth $2,089,000 after buying an additional 4,310 shares during the period. Institutional investors and hedge funds own 51.41% of the company’s stock.

Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

Hershey Company (HSY) opened at 109.81 on Monday. Hershey Company has a one year low of $94.03 and a one year high of $117.79. The stock has a market capitalization of $23.37 billion, a PE ratio of 38.44 and a beta of 0.41. The company’s 50-day moving average price is $111.71 and its 200-day moving average price is $107.75.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.89 billion. Hershey Company (The) had a return on equity of 117.02% and a net margin of 8.21%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. Equities research analysts predict that Hershey Company will post $4.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were paid a dividend of $0.618 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $2.47 annualized dividend and a yield of 2.25%. Hershey Company (The)’s dividend payout ratio is presently 86.06%.

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A number of research analysts have recently issued reports on the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $115.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research report on Friday, June 2nd. Royal Bank Of Canada increased their price objective on Hershey Company (The) from $112.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, March 2nd. Credit Suisse Group set a $121.00 price objective on Hershey Company (The) and gave the company a “buy” rating in a research note on Thursday, March 2nd. Morgan Stanley increased their price objective on Hershey Company (The) from $103.00 to $111.00 and gave the company an “equal weight” rating in a research note on Monday, February 27th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $105.00 price objective on shares of Hershey Company (The) in a research note on Sunday, March 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $108.02.

In other news, SVP Terence L. O’day sold 7,678 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $107.00, for a total value of $821,546.00. Following the completion of the sale, the senior vice president now owns 37,428 shares of the company’s stock, valued at $4,004,796. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $108.29, for a total value of $119,119.00. Following the completion of the sale, the senior vice president now directly owns 28,166 shares of the company’s stock, valued at approximately $3,050,096.14. The disclosure for this sale can be found here. Insiders have sold 113,289 shares of company stock valued at $12,821,238 over the last 90 days. 0.92% of the stock is currently owned by insiders.

Hershey Company (The) Company 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.

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