Teacher Retirement System of Texas boosted its position in Hershey Company (The) (NYSE:HSY) by 134.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,071 shares of the company’s stock after buying an additional 166,961 shares during the quarter. Teacher Retirement System of Texas owned 0.14% of Hershey Company (The) worth $31,776,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Advisor Group Inc. lifted its holdings in Hershey Company (The) by 36.8% in the 3rd quarter. Advisor Group Inc. now owns 27,761 shares of the company’s stock worth $3,031,000 after buying an additional 7,471 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Hershey Company (The) by 13.2% in the 3rd quarter. Toronto Dominion Bank now owns 53,737 shares of the company’s stock worth $5,865,000 after buying an additional 6,261 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Hershey Company (The) by 20.1% in the 3rd quarter. New York State Common Retirement Fund now owns 455,858 shares of the company’s stock worth $49,766,000 after buying an additional 76,158 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Hershey Company (The) by 2.6% in the 3rd quarter. CIBC Asset Management Inc now owns 19,288 shares of the company’s stock worth $2,106,000 after buying an additional 495 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Hershey Company (The) by 106.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 1,115,299 shares of the company’s stock worth $121,757,000 after buying an additional 573,799 shares in the last quarter. Hedge funds and other institutional investors own 50.22% of the company’s stock.

A number of brokerages have recently issued reports on HSY. Susquehanna Bancshares Inc set a $118.00 target price on shares of Hershey Company (The) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Sanford C. Bernstein upgraded shares of Hershey Company (The) from a “market perform” rating to an “outperform” rating and upped their target price for the company from $109.00 to $127.00 in a research note on Thursday, August 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 target price (up previously from $114.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Credit Suisse Group restated a “buy” rating and issued a $121.00 target price on shares of Hershey Company (The) in a research note on Friday, July 28th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $111.00 target price (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Hershey Company (The) presently has an average rating of “Hold” and an average price target of $113.35.

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Hershey Company (NYSE:HSY) traded down $0.42 during midday trading on Tuesday, reaching $108.18. 939,800 shares of the company’s stock traded hands, compared to its average volume of 1,031,222. Hershey Company has a 1 year low of $95.68 and a 1 year high of $116.49. The company has a current ratio of 0.95, a quick ratio of 0.55 and a debt-to-equity ratio of 2.45. The company has a market cap of $22,878.54, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.95 and a beta of 0.36.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings results on Thursday, October 26th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.01 billion. Hershey Company (The) had a net margin of 9.52% and a return on equity of 124.06%. The business’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 business posted $1.29 EPS. equities research analysts anticipate that Hershey Company will post 4.8 earnings per share for the current year.

Hershey Company (The) announced that its board has approved a stock repurchase plan on Thursday, October 26th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be paid a $0.656 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, November 21st. Hershey Company (The)’s dividend payout ratio is currently 77.98%.

In other news, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $106.01, for a total value of $477,045,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $109.43, for a total transaction of $120,373.00. Following the completion of the sale, the senior vice president now directly owns 27,666 shares of the company’s stock, valued at $3,027,490.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,518,532 shares of company stock valued at $479,081,384. Company 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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