UBS Oconnor LLC Has $12.56 Million Position in Hershey Company (The) (HSY)

UBS Oconnor LLC boosted its stake in shares of Hershey Company (The) (NYSE:HSY) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,000 shares of the company’s stock after buying an additional 15,000 shares during the period. UBS Oconnor LLC owned about 0.05% of Hershey Company (The) worth $12,564,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Invictus RG bought a new stake in Hershey Company (The) during the first quarter valued at approximately $155,000. YorkBridge Wealth Partners LLC increased its stake in Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after buying an additional 475 shares in the last quarter. Enterprise Financial Services Corp increased its stake in Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock valued at $184,000 after buying an additional 14 shares in the last quarter. Johnson Financial Group Inc. increased its stake in Hershey Company (The) by 9.5% in the first quarter. Johnson Financial Group Inc. now owns 1,733 shares of the company’s stock valued at $189,000 after buying an additional 150 shares in the last quarter. Finally, Rational Advisors LLC increased its stake in Hershey Company (The) by 14.3% in the first quarter. Rational Advisors LLC now owns 1,817 shares of the company’s stock valued at $199,000 after buying an additional 227 shares in the last quarter. 51.16% of the stock is owned by institutional investors and hedge funds.

Hershey Company (HSY) traded down 0.52% during midday trading on Tuesday, reaching $105.10. The company had a trading volume of 971,567 shares. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49. The company has a market capitalization of $22.33 billion, a P/E ratio of 33.58 and a beta of 0.38. The company’s 50 day moving average is $107.04 and its 200-day moving average is $108.56.

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

The firm 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 $0.656 dividend. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a yield of 2.50%. Hershey Company (The)’s payout ratio is 78.66%.

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Several analysts have commented on HSY shares. Susquehanna Bancshares Inc set a $115.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research cut Hershey Company (The) from a “buy” rating to a “sell” rating in a research report on Thursday, June 29th. Deutsche Bank AG dropped their target price on 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. Royal Bank Of Canada reiterated a “hold” rating and set a $114.00 target price on shares of Hershey Company (The) in a research report on Friday, July 21st. Finally, BidaskClub cut Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.14.

In other Hershey Company (The) news, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $108.00, for a total transaction of $43,200.00. Following the transaction, the insider now directly owns 166,097 shares in the company, valued at approximately $17,938,476. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Terence L. O’day sold 7,678 shares of Hershey Company (The) stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $107.00, for a total transaction of $821,546.00. Following the transaction, the senior vice president now owns 37,428 shares in the company, valued at $4,004,796. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,086 shares of company stock worth $11,922,182. 0.92% of the stock is currently owned by company insiders.

About Hershey Company (The)

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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