Versant Capital Management Inc raised its position in shares of Hershey Co (NYSE:HSY) by 18.5% in the first quarter, HoldingsChannel.com reports. The fund owned 609 shares of the company’s stock after acquiring an additional 95 shares during the period. Versant Capital Management Inc’s holdings in Hershey were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of HSY. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hershey by 10,179.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock worth $32,000 after acquiring an additional 3,423,036 shares during the period. Norges Bank bought a new stake in shares of Hershey in the fourth quarter valued at approximately $142,502,000. BlackRock Inc. boosted its stake in shares of Hershey by 8.4% in the fourth quarter. BlackRock Inc. now owns 13,764,673 shares of the company’s stock valued at $1,475,299,000 after buying an additional 1,070,632 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Hershey by 51.2% in 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 buying an additional 676,300 shares during the period. Finally, FMR LLC boosted its stake in shares of Hershey by 9.8% in the fourth quarter. FMR LLC now owns 6,142,122 shares of the company’s stock valued at $658,314,000 after buying an additional 550,341 shares during the period. Institutional investors own 52.41% of the company’s stock.

In other Hershey news, insider Michele Buck sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $109.59, for a total transaction of $164,385.00. Following the completion of the transaction, the insider now directly owns 166,056 shares in the company, valued at $18,198,077.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Javier H. Idrovo sold 4,873 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $110.00, for a total transaction of $536,030.00. Following the transaction, the vice president now owns 21,436 shares of the company’s stock, valued at $2,357,960. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,793 shares of company stock valued at $4,662,700. 0.87% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on HSY. Zacks Investment Research cut Hershey from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. ValuEngine cut 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 issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $103.36.

Shares of HSY stock traded down $0.18 during trading on Tuesday, hitting $116.86. The company had a trading volume of 1,026,018 shares, compared to its average volume of 1,099,638. The company has a current ratio of 0.93, a quick ratio of 0.60 and a debt-to-equity ratio of 2.31. The stock has a market cap of $24.39 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.43 and a beta of 0.15. Hershey Co has a one year low of $89.10 and a one year high of $117.74.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, January 31st. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.01). The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.01 billion. Hershey had a net margin of 15.11% and a return on equity of 95.97%. During the same quarter last year, the firm posted $1.03 earnings per share. Analysts forecast that Hershey Co will post 5.65 EPS for the current year.

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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.

See Also: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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