Insider Selling: Hershey Co (NYSE:HSY) Insider Sells 1,500 Shares of Stock

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Hershey Co (NYSE:HSY) insider Michele Buck sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $102.82, for a total transaction of $154,230.00. Following the transaction, the insider now directly owns 172,394 shares of the company’s stock, valued at approximately $17,725,551.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michele Buck also recently made the following trade(s):

  • On Monday, August 20th, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $101.90, for a total transaction of $152,850.00.
  • On Friday, July 20th, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $92.26, for a total transaction of $138,390.00.

Shares of HSY stock opened at $103.41 on Friday. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 2.17 and a beta of 0.32. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.58 and a current ratio of 0.94. Hershey Co has a 52 week low of $89.10 and a 52 week high of $115.82.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 24th were given a $0.722 dividend. The ex-dividend date was Thursday, August 23rd. This represents a $2.89 annualized dividend and a dividend yield of 2.79%. This is a positive change from Hershey’s previous quarterly dividend of $0.66. Hershey’s payout ratio is 60.71%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SL Advisors LLC raised its position in shares of Hershey by 22.7% in the third quarter. SL Advisors LLC now owns 5,743 shares of the company’s stock valued at $585,000 after purchasing an additional 1,064 shares during the period. Heritage Way Advisors LLC raised its position in shares of Hershey by 5.5% in the third quarter. Heritage Way Advisors LLC now owns 19,222 shares of the company’s stock valued at $1,961,000 after purchasing an additional 1,000 shares during the period. DNB Asset Management AS raised its position in shares of Hershey by 9.8% in the third quarter. DNB Asset Management AS now owns 24,732 shares of the company’s stock valued at $2,523,000 after purchasing an additional 2,200 shares during the period. Manning & Napier Group LLC raised its position in shares of Hershey by 5.2% in the third quarter. Manning & Napier Group LLC now owns 61,505 shares of the company’s stock valued at $6,272,000 after purchasing an additional 3,015 shares during the period. Finally, Lourd Capital LLC bought a new stake in shares of Hershey in the third quarter valued at approximately $782,000. 52.70% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on HSY. Zacks Investment Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Monday, September 24th. Consumer Edge cut shares of Hershey from an “overweight” rating to an “equal weight” rating in a report on Monday, July 9th. Piper Jaffray Companies lifted their price objective on shares of Hershey from $97.00 to $100.00 and gave the company a “hold” rating in a report on Friday, July 27th. Stifel Nicolaus lifted their price objective on shares of Hershey from $90.00 to $95.00 and gave the company a “hold” rating in a report on Friday, July 27th. Finally, ValuEngine upgraded shares of Hershey from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Hershey currently has an average rating of “Hold” and a consensus target price of $103.39.

About Hershey

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

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