First Command Financial Services Inc. raised its stake in Hershey Co (NYSE:HSY) by 2.1% in the first quarter, HoldingsChannel.com reports. The fund owned 4,878 shares of the company’s stock after purchasing an additional 100 shares during the period. First Command Financial Services Inc.’s holdings in Hershey were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in HSY. Oregon Public Employees Retirement Fund grew its holdings in shares of Hershey by 10,179.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock worth $32,000 after purchasing an additional 3,423,036 shares during the period. Norges Bank bought a new position in shares of Hershey during the fourth quarter valued at $142,502,000. BlackRock Inc. raised its stake in shares of Hershey by 8.4% during the fourth quarter. BlackRock Inc. now owns 13,764,673 shares of the company’s stock valued at $1,475,299,000 after acquiring an additional 1,070,632 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hershey by 51.2% during the third quarter. Bank of New York Mellon Corp now owns 1,998,325 shares of the company’s stock valued at $203,829,000 after acquiring an additional 676,300 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Hershey by 9.8% during the fourth quarter. FMR LLC now owns 6,142,122 shares of the company’s stock valued at $658,314,000 after acquiring an additional 550,341 shares during the last quarter. 52.41% of the stock is owned by institutional investors.

Shares of HSY traded up $0.63 during trading hours on Monday, hitting $116.74. 373,760 shares of the stock were exchanged, compared to its average volume of 1,115,527. Hershey Co has a fifty-two week low of $89.10 and a fifty-two week high of $116.80. The company has a quick ratio of 0.60, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The stock has a market cap of $24.21 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.41 and a beta of 0.15.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, January 31st. The company reported $1.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.01). Hershey had a return on equity of 95.97% and a net margin of 15.11%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company earned $1.03 earnings per share. Sell-side analysts anticipate that Hershey Co will post 5.66 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the stock. Bank of America raised shares of Hershey from an “underperform” rating to a “buy” rating and raised their price target for the company from $92.00 to $120.00 in a research note on Wednesday, December 19th. Zacks Investment Research downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Finally, ValuEngine downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Hershey currently has a consensus rating of “Hold” and a consensus target price of $103.36.

In other Hershey news, CFO Patricia A. Little sold 5,433 shares of the firm’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of $114.62, for a total value of $622,730.46. Following the completion of the sale, the chief financial officer now directly owns 54,591 shares in the company, valued at $6,257,220.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patricia A. Little sold 19,779 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $109.30, for a total transaction of $2,161,844.70. Following the completion of the sale, the chief financial officer now owns 36,049 shares of the company’s stock, valued at $3,940,155.70. The disclosure for this sale can be found here. Insiders sold 34,585 shares of company stock valued at $3,811,555 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

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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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