Hershey Company (The) (NYSE:HSY) Shares Bought by Modera Wealth Management LLC

Modera Wealth Management LLC lifted its holdings in Hershey Company (The) (NYSE:HSY) by 3.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,930 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Modera Wealth Management LLC’s holdings in Hershey Company (The) were worth $315,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. RB Capital Management LLC grew its holdings in shares of Hershey Company (The) by 0.5% in the second quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock valued at $358,000 after purchasing an additional 18 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp grew its holdings in shares of Hershey Company (The) by 0.3% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 6,344 shares of the company’s stock valued at $681,000 after purchasing an additional 19 shares in the last quarter. Geneva Advisors LLC grew its holdings in shares of Hershey Company (The) by 0.4% in the second quarter. Geneva Advisors LLC now owns 4,744 shares of the company’s stock valued at $509,000 after purchasing an additional 19 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Hershey Company (The) by 0.7% in the first quarter. Profund Advisors LLC now owns 3,397 shares of the company’s stock valued at $371,000 after purchasing an additional 23 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in shares of Hershey Company (The) by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock valued at $907,000 after purchasing an additional 23 shares in the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.

Shares of Hershey Company (NYSE HSY) opened at 106.48 on Friday. Hershey Company has a 12-month low of $94.03 and a 12-month high of $116.49. The company has a 50 day moving average price of $106.64 and a 200 day moving average price of $108.51. The company has a market capitalization of $22.62 billion, a P/E ratio of 34.02 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last announced its earnings results on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, beating 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 company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business posted $0.85 EPS. Hershey Company (The)’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts anticipate that Hershey Company will post $4.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a dividend of $0.656 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.46%. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 23rd. Hershey Company (The)’s dividend payout ratio (DPR) is 83.44%.

In other news, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $110.11, for a total value of $44,044.00. Following the completion of the transaction, the insider now owns 166,497 shares in the company, valued at approximately $18,332,984.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP D Michael Wege sold 1,100 shares of Hershey Company (The) stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $105.45, for a total value of $115,995.00. Following the completion of the transaction, the senior vice president now owns 27,866 shares of the company’s stock, valued at approximately $2,938,469.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,504,500 shares of company stock valued at $477,528,302 over the last 90 days. 0.92% of the stock is currently owned by company insiders.

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HSY has been the subject of several recent analyst reports. Sanford C. Bernstein raised shares of Hershey Company (The) from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $109.00 to $127.00 in a research note on Thursday, August 17th. Susquehanna Bancshares Inc set a $115.00 price objective on shares of Hershey Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered shares of Hershey Company (The) from a “buy” rating to a “sell” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $114.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 21st. Finally, BidaskClub lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Hershey Company (The) presently has a consensus rating of “Hold” and an average price target of $111.48.

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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