Cognios Capital LLC lifted its position in Hershey Co (NYSE:HSY) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,873 shares of the company’s stock after purchasing an additional 685 shares during the period. Cognios Capital LLC’s holdings in Hershey were worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in shares of Hershey by 15.4% in the 3rd quarter. Janus Henderson Group PLC now owns 4,368,862 shares of the company’s stock valued at $476,949,000 after purchasing an additional 582,715 shares during the period. APG Asset Management N.V. lifted its stake in shares of Hershey by 45.4% in the 4th quarter. APG Asset Management N.V. now owns 1,885,679 shares of the company’s stock valued at $178,251,000 after purchasing an additional 588,500 shares during the period. Marathon Asset Management LLP lifted its stake in shares of Hershey by 39.2% in the 4th quarter. Marathon Asset Management LLP now owns 1,694,259 shares of the company’s stock valued at $192,322,000 after purchasing an additional 477,539 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Hershey by 106.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 1,115,299 shares of the company’s stock valued at $121,757,000 after purchasing an additional 573,799 shares during the period. Finally, Evercore Trust Company N.A. acquired a new position in shares of Hershey in the 3rd quarter valued at $105,956,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

In other news, CEO Michele Buck sold 400 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $111.55, for a total transaction of $44,620.00. Following the completion of the sale, the chief executive officer now owns 163,697 shares of the company’s stock, valued at $18,260,400.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP D Michael Wege sold 15,517 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $108.18, for a total transaction of $1,678,629.06. The disclosure for this sale can be found here. Insiders have sold 16,717 shares of company stock valued at $1,812,429 in the last ninety days. Insiders own 0.92% of the company’s stock.

Several equities analysts recently issued reports on the stock. Argus decreased their target price on shares of Hershey from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays decreased their target price on shares of Hershey from $110.00 to $107.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Morgan Stanley cut their price target on shares of Hershey from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Credit Suisse Group lowered shares of Hershey from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $129.00 to $115.00 in a report on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $120.00 price target on shares of Hershey in a report on Tuesday, January 30th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. Hershey has an average rating of “Hold” and an average price target of $111.43.

Shares of Hershey Co (HSY) opened at $99.67 on Friday. The company has a market cap of $20,710.00, a price-to-earnings ratio of 28.72, a P/E/G ratio of 2.13 and a beta of 0.26. The company has a quick ratio of 0.60, a current ratio of 0.96 and a debt-to-equity ratio of 2.21. Hershey Co has a 1-year low of $97.62 and a 1-year high of $116.49.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.03). Hershey had a return on equity of 116.74% and a net margin of 10.42%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm posted $1.17 EPS. Hershey’s revenue was down 1.5% compared to the same quarter last year. analysts expect that Hershey Co will post 5.36 earnings per share for the current year.

Hershey announced that its board has initiated a share buyback program on Thursday, October 26th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.656 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, February 22nd. Hershey’s payout ratio is 75.50%.

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About Hershey

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.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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