Portland Global Advisors LLC increased its position in shares of Hershey Co (NYSE:HSY) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,049 shares of the company’s stock after purchasing an additional 260 shares during the quarter. Hershey accounts for about 0.8% of Portland Global Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Portland Global Advisors LLC’s holdings in Hershey were worth $2,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HSY. Bremer Trust National Association bought a new position in Hershey during the fourth quarter worth $29,000. Claybrook Capital LLC acquired a new stake in Hershey in the fourth quarter worth $29,000. Csenge Advisory Group acquired a new stake in Hershey in the third quarter worth $31,000. Oregon Public Employees Retirement Fund increased its position in Hershey by 10,179.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock worth $32,000 after buying an additional 3,423,036 shares during the period. Finally, Acima Private Wealth LLC acquired a new stake in Hershey in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 52.41% of the company’s stock.

HSY stock traded up $0.39 during trading hours on Monday, hitting $116.50. 5,223 shares of the stock traded hands, compared to its average volume of 969,524. Hershey Co has a one year low of $89.10 and a one year high of $116.73. The stock has a market capitalization of $24.21 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.41 and a beta of 0.15. The company has a quick ratio of 0.60, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.

Hershey (NYSE:HSY) last announced its earnings results 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 net margin of 15.11% and a return on equity of 95.97%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business earned $1.03 EPS. On average, sell-side analysts anticipate that Hershey Co will post 5.66 earnings per share for the current year.

In related news, CEO Michele Buck sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $108.19, for a total transaction of $162,285.00. Following the completion of the transaction, the chief executive officer now owns 166,394 shares of the company’s stock, valued at $18,002,166.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Patricia A. Little sold 19,779 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $109.30, for a total value of $2,161,844.70. Following the completion of the transaction, the chief financial officer now owns 36,049 shares of the company’s stock, valued at approximately $3,940,155.70. The disclosure for this sale can be found here. Insiders have sold 34,585 shares of company stock valued at $3,811,555 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Hershey from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. ValuEngine lowered Hershey from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, Bank of America raised Hershey from an “underperform” rating to a “buy” rating and increased their target price for the stock from $92.00 to $120.00 in a research report on Wednesday, December 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $103.36.

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About Hershey

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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