Hershey Company (The) (HSY) SVP Sells $125,444.00 in Stock

Hershey Company (The) (NYSE:HSY) SVP D Michael Wege sold 1,100 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $114.04, for a total transaction of $125,444.00. Following the sale, the senior vice president now owns 27,966 shares in the company, valued at approximately $3,189,242.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

D Michael Wege also recently made the following trade(s):

  • On Wednesday, May 31st, D Michael Wege sold 14,440 shares of Hershey Company (The) stock. The shares were sold at an average price of $115.55, for a total transaction of $1,668,542.00.
  • On Monday, May 15th, D Michael Wege sold 1,100 shares of Hershey Company (The) stock. The shares were sold at an average price of $106.99, for a total transaction of $117,689.00.
  • On Monday, April 17th, D Michael Wege sold 1,100 shares of Hershey Company (The) stock. The shares were sold at an average price of $108.29, for a total transaction of $119,119.00.

Hershey Company (NYSE:HSY) traded down 2.65% during trading on Friday, hitting $111.83. 2,287,761 shares of the stock traded hands. The company’s 50 day moving average price is $111.34 and its 200-day moving average price is $107.28. The stock has a market cap of $23.80 billion, a P/E ratio of 39.14 and a beta of 0.41. Hershey Company has a 52-week low of $94.03 and a 52-week high of $117.79.

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

Insider Buying and Selling by Quarter for Hershey Company (The) (NYSE:HSY)

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, May 25th were paid a $0.618 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $2.47 dividend on an annualized basis and a yield of 2.21%. Hershey Company (The)’s payout ratio is 86.06%.

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Several analysts recently commented on the stock. Susquehanna Bancshares Inc restated a “neutral” rating and set a $115.00 price target (down previously from $119.00) on shares of Hershey Company (The) in a research report on Friday, June 2nd. Deutsche Bank AG dropped their price target on shares of Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Credit Suisse Group restated an “outperform” rating on shares of Hershey Company (The) in a research report on Sunday, April 23rd. Zacks Investment Research lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. Finally, BMO Capital Markets restated a “market perform” rating and set a $105.00 price target on shares of Hershey Company (The) in a research report on Sunday, March 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $108.02.

Large investors have recently modified their holdings of the stock. Columbia Partners L L C Investment Management boosted its stake in shares of Hershey Company (The) by 181.1% in the first quarter. Columbia Partners L L C Investment Management now owns 40,332 shares of the company’s stock worth $4,406,000 after buying an additional 25,984 shares during the last quarter. UBS Oconnor LLC boosted its stake in shares of Hershey Company (The) by 15.0% in the first quarter. UBS Oconnor LLC now owns 115,000 shares of the company’s stock worth $12,564,000 after buying an additional 15,000 shares during the last quarter. SL Advisors LLC boosted its stake in shares of Hershey Company (The) by 1.3% in the first quarter. SL Advisors LLC now owns 7,912 shares of the company’s stock worth $864,000 after buying an additional 104 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its stake in shares of Hershey Company (The) by 0.6% in the first quarter. Stonebridge Capital Advisors LLC now owns 12,013 shares of the company’s stock worth $1,312,000 after buying an additional 75 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new stake in shares of Hershey Company (The) during the first quarter worth approximately $1,769,000. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

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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