Sun Life Financial INC boosted its holdings in shares of Hershey Company (The) (NYSE:HSY) by 12,637.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,019 shares of the company’s stock after acquiring an additional 1,011 shares during the quarter. Sun Life Financial INC’s holdings in Hershey Company (The) were worth $109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in Hershey Company (The) by 10.8% during the 2nd quarter. HighTower Advisors LLC now owns 44,186 shares of the company’s stock valued at $4,747,000 after acquiring an additional 4,297 shares during the period. People s United Financial Inc. boosted its holdings in Hershey Company (The) by 2.8% during the 2nd quarter. People s United Financial Inc. now owns 14,837 shares of the company’s stock valued at $1,593,000 after acquiring an additional 406 shares during the period. First Allied Advisory Services Inc. boosted its holdings in Hershey Company (The) by 141.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 15,515 shares of the company’s stock valued at $1,665,000 after acquiring an additional 9,087 shares during the period. Balyasny Asset Management LLC boosted its holdings in Hershey Company (The) by 36.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 113,267 shares of the company’s stock valued at $12,161,000 after acquiring an additional 30,000 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Hershey Company (The) by 3.0% during the 2nd quarter. Stifel Financial Corp now owns 275,626 shares of the company’s stock valued at $29,617,000 after acquiring an additional 8,020 shares during the period. Institutional investors own 51.39% of the company’s stock.

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A number of equities analysts recently issued reports on HSY shares. Morgan Stanley dropped their price objective on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. J P Morgan Chase & Co restated a “neutral” rating and set a $116.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a report on Wednesday, June 28th. BidaskClub cut Hershey Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Credit Suisse Group restated a “buy” rating and set a $121.00 price objective on shares of Hershey Company (The) in a report on Friday, July 28th. Finally, Deutsche Bank AG restated a “hold” rating and set a $111.00 price objective (down previously from $112.00) on shares of Hershey Company (The) in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Hershey Company (The) presently has a consensus rating of “Hold” and a consensus price target of $111.55.

Shares of Hershey Company (NYSE HSY) opened at 108.07 on Thursday. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The stock has a market capitalization of $22.96 billion, a PE ratio of 34.53 and a beta of 0.39. The company’s 50 day moving average price is $107.40 and its 200-day moving average price is $108.44.

Hershey Company (The) (NYSE:HSY) last posted 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. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that Hershey Company will post $4.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $0.656 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s payout ratio is 83.44%.

In related news, insider Michele Buck sold 400 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $108.00, for a total value of $43,200.00. Following the transaction, the insider now owns 165,297 shares in the company, valued at approximately $17,852,076. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP D Michael Wege sold 1,100 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $109.43, for a total value of $120,373.00. Following the completion of the transaction, the senior vice president now owns 27,666 shares in the company, valued at approximately $3,027,490.38. The disclosure for this sale can be found here. Insiders have sold 4,504,500 shares of company stock worth $477,527,458 in the last quarter. 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.

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

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