Hershey Co (NYSE:HSY) SVP Damien Atkins bought 100 shares of Hershey stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average price of $130.10 per share, for a total transaction of $13,010.00. Following the completion of the acquisition, the senior vice president now directly owns 4,761 shares of the company’s stock, valued at $619,406.10. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

HSY traded up $1.15 during trading on Friday, hitting $131.96. The company’s stock had a trading volume of 1,331,476 shares, compared to its average volume of 1,455,904. Hershey Co has a twelve month low of $89.29 and a twelve month high of $132.00. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.59 and a current ratio of 0.92. The firm has a market cap of $27.31 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.87 and a beta of 0.18.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.11. Hershey had a return on equity of 90.64% and a net margin of 14.44%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Research analysts predict that Hershey Co will post 5.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a $0.722 dividend. This represents a $2.89 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, May 23rd. Hershey’s dividend payout ratio (DPR) is presently 53.92%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Trustcore Financial Services LLC acquired a new position in shares of Hershey during the first quarter worth approximately $29,000. Bremer Trust National Association acquired a new position in shares of Hershey during the fourth quarter worth approximately $29,000. Bremer Bank National Association acquired a new position in shares of Hershey during the first quarter worth approximately $34,000. Claybrook Capital LLC acquired a new position in shares of Hershey during the fourth quarter worth approximately $29,000. Finally, Cornerstone Advisors Inc. raised its position in shares of Hershey by 37.3% during the first quarter. Cornerstone Advisors Inc. now owns 302 shares of the company’s stock worth $35,000 after purchasing an additional 82 shares during the period. 53.63% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on HSY. Zacks Investment Research upgraded Hershey from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a report on Wednesday, May 8th. Barclays upped their target price on Hershey from $103.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Bank of America reiterated a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Hershey in a report on Friday, April 26th. BMO Capital Markets upped their target price on Hershey from $93.00 to $108.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Finally, Credit Suisse Group set a $123.00 target price on Hershey and gave the company a “hold” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $113.91.

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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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Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

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