Global X Management Co. LLC increased its position in shares of Hershey Company (The) (NYSE:HSY) by 11.8% during the second quarter, Holdings Channel reports. The firm owned 7,651 shares of the company’s stock after buying an additional 808 shares during the period. Global X Management Co. LLC’s holdings in Hershey Company (The) were worth $821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HSY. Korea Investment CORP boosted its position in shares of Hershey Company (The) by 577.4% in the first quarter. Korea Investment CORP now owns 255,856 shares of the company’s stock worth $27,952,000 after buying an additional 218,085 shares during the period. BTIM Corp. boosted its position in shares of Hershey Company (The) by 18.0% in the first quarter. BTIM Corp. now owns 277,825 shares of the company’s stock worth $30,352,000 after buying an additional 42,405 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Hershey Company (The) by 2.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,841 shares of the company’s stock worth $392,000 after buying an additional 103 shares during the period. CAPROCK Group Inc. bought a new position in shares of Hershey Company (The) during the first quarter worth about $249,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Hershey Company (The) during the first quarter worth about $1,871,000. 51.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hershey Company (NYSE HSY) opened at 105.90 on Wednesday. The company has a market capitalization of $22.50 billion, a PE ratio of 33.83 and a beta of 0.38. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49. The firm’s 50-day moving average price is $105.91 and its 200 day moving average price is $108.59.

Hershey Company (The) (NYSE:HSY) last issued its earnings results on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities analysts forecast that Hershey Company will post $4.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.656 dividend. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Wednesday, August 23rd. Hershey Company (The)’s dividend payout ratio is currently 78.66%.

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A number of research analysts have recently issued reports on the company. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $115.00 price objective (down from $119.00) on shares of Hershey Company (The) in a research note on Friday, June 2nd. BidaskClub cut Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reduced their price objective on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Wednesday, June 28th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $116.00 price objective (down from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $109.14.

In other Hershey Company (The) news, SVP D Michael Wege sold 1,100 shares of the company’s 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 transaction, the senior vice president now directly owns 27,866 shares in the company, valued at approximately $2,938,469.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Shedlarz sold 4,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $115.45, for a total transaction of $519,525.00. Following the completion of the transaction, the director now owns 15,342 shares in the company, valued at $1,771,233.90. The disclosure for this sale can be found here. Insiders sold a total of 96,308 shares of company stock worth $10,982,947 over the last 90 days. Insiders own 0.92% of the company’s stock.

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.

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Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

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