Arthur M. Cohen & Associates LLC boosted its position in shares of Hershey Co (NYSE:HSY) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,449 shares of the company’s stock after buying an additional 848 shares during the quarter. Hershey accounts for 1.0% of Arthur M. Cohen & Associates LLC’s investment portfolio, making the stock its 19th biggest holding. Arthur M. Cohen & Associates LLC’s holdings in Hershey were worth $3,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HSY. APG Asset Management N.V. raised its position in Hershey by 145.7% during the second quarter. APG Asset Management N.V. now owns 2,718,679 shares of the company’s stock worth $319,972,000 after acquiring an additional 1,612,100 shares in the last quarter. Renaissance Technologies LLC raised its position in Hershey by 60.0% during the second quarter. Renaissance Technologies LLC now owns 4,240,564 shares of the company’s stock worth $568,363,000 after acquiring an additional 1,589,800 shares in the last quarter. Nuveen Asset Management LLC raised its position in Hershey by 34,749.1% during the second quarter. Nuveen Asset Management LLC now owns 1,015,850 shares of the company’s stock worth $136,154,000 after acquiring an additional 1,012,935 shares in the last quarter. Vanguard Group Inc. raised its position in Hershey by 4.8% during the second quarter. Vanguard Group Inc. now owns 11,780,343 shares of the company’s stock worth $1,578,920,000 after acquiring an additional 537,363 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Hershey by 236.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 689,182 shares of the company’s stock worth $92,368,000 after acquiring an additional 484,496 shares in the last quarter. 53.50% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:HSY opened at $140.97 on Friday. Hershey Co has a one year low of $100.80 and a one year high of $162.20. The company has a market cap of $29.35 billion, a P/E ratio of 26.30, a P/E/G ratio of 3.34 and a beta of 0.06. The firm’s fifty day moving average price is $150.66 and its two-hundred day moving average price is $143.55. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.80 and a quick ratio of 0.47.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.01. Hershey had a net margin of 16.18% and a return on equity of 77.39%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts expect that Hershey Co will post 5.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.773 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.09 annualized dividend and a dividend yield of 2.19%. Hershey’s dividend payout ratio (DPR) is presently 57.65%.

In related news, major shareholder Hershey Trust Co sold 3,100 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $158.38, for a total value of $490,978.00. Following the transaction, the insider now directly owns 83,230 shares in the company, valued at $13,181,967.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michele Buck sold 3,832 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $152.04, for a total transaction of $582,617.28. Following the completion of the transaction, the chief executive officer now owns 157,761 shares in the company, valued at $23,985,982.44. The disclosure for this sale can be found here. Insiders sold 33,009 shares of company stock worth $5,103,372 over the last 90 days. 0.41% of the stock is currently owned by corporate insiders.

HSY has been the topic of several research reports. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 price objective on the stock. in a report on Thursday, September 12th. They noted that the move was a valuation call. Wells Fargo & Co upped their price objective on shares of Hershey from $112.00 to $130.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd. They noted that the move was a valuation call. Credit Suisse Group upped their price objective on shares of Hershey from $130.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, July 26th. UBS Group set a $147.00 price objective on shares of Hershey and gave the company a “hold” rating in a report on Friday, October 25th. Finally, BMO Capital Markets upped their price objective on shares of Hershey from $133.00 to $138.00 and gave the company a “market perform” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Hershey has a consensus rating of “Hold” and an average price target of $145.57.

Hershey Company Profile

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.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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