SL Advisors LLC Purchases 104 Shares of Hershey Company (The) (HSY)

SL Advisors LLC raised its stake in shares of Hershey Company (The) (NYSE:HSY) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,912 shares of the company’s stock after buying an additional 104 shares during the period. SL Advisors LLC’s holdings in Hershey Company (The) were worth $864,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HSY. BlackRock Inc. boosted its position in shares of Hershey Company (The) by 3,144.3% in the first quarter. BlackRock Inc. now owns 10,106,348 shares of the company’s stock valued at $1,104,118,000 after buying an additional 9,794,835 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Hershey Company (The) by 2.7% in the first quarter. Vanguard Group Inc. now owns 9,285,024 shares of the company’s stock valued at $1,014,388,000 after buying an additional 242,418 shares during the last quarter. State Street Corp boosted its position in shares of Hershey Company (The) by 1.0% in the first quarter. State Street Corp now owns 6,194,621 shares of the company’s stock valued at $676,773,000 after buying an additional 64,006 shares during the last quarter. Pioneer Investment Management Inc. boosted its position in shares of Hershey Company (The) by 3.4% in the first quarter. Pioneer Investment Management Inc. now owns 3,965,863 shares of the company’s stock valued at $433,270,000 after buying an additional 131,084 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Hershey Company (The) by 2.7% in the first quarter. Alliancebernstein L.P. now owns 2,524,908 shares of the company’s stock valued at $275,846,000 after buying an additional 65,991 shares during the last quarter. Institutional investors own 51.16% of the company’s stock.

Shares of Hershey Company (NYSE HSY) traded down 0.52% during trading on Tuesday, reaching $105.10. 971,417 shares of the company traded hands. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The stock has a market cap of $22.33 billion, a P/E ratio of 33.58 and a beta of 0.38. The stock’s 50 day moving average price is $107.04 and its 200-day moving average price is $108.56.

Hershey Company (The) (NYSE:HSY) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The business’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Hershey Company will post $4.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.656 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.62 dividend on an annualized basis and a yield of 2.50%. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio is 78.66%.

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Several brokerages have commented on HSY. Susquehanna Bancshares Inc set a $115.00 target price on shares of Hershey Company (The) and gave the stock a “hold” rating in a report on Saturday, June 17th. Credit Suisse Group reiterated a “buy” rating and issued a $121.00 target price on shares of Hershey Company (The) in a report on Friday, July 28th. Zacks Investment Research upgraded shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Wednesday, June 28th. BidaskClub cut shares of Hershey Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $114.00 target price on shares of Hershey Company (The) in a report on Friday, July 21st. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $109.14.

In other news, VP Javier H. Idrovo sold 5,249 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $110.00, for a total transaction of $577,390.00. Following the sale, the vice president now owns 36,259 shares in the company, valued at approximately $3,988,490. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michele Buck sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total value of $43,200.00. Following the sale, the insider now owns 166,097 shares in the company, valued at approximately $17,938,476. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,086 shares of company stock valued at $11,922,182. Insiders own 0.92% of the company’s stock.

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.

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

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