Arrow Financial Corp raised its stake in Hershey Company (The) (NYSE:HSY) by 71.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,168 shares of the company’s stock after buying an additional 2,153 shares during the period. Arrow Financial Corp’s holdings in Hershey Company (The) were worth $555,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Invictus RG acquired a new stake in Hershey Company (The) during the first quarter valued at about $155,000. Independent Portfolio Consultants Inc. boosted its stake in Hershey Company (The) by 139.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock valued at $163,000 after buying an additional 886 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after buying an additional 475 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock valued at $184,000 after buying an additional 14 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in Hershey Company (The) by 9.5% in the first quarter. Johnson Financial Group Inc. now owns 1,733 shares of the company’s stock valued at $189,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 51.16% of the company’s stock.

Hershey Company (HSY) opened at 105.25 on Thursday. The company’s 50-day moving average price is $106.47 and its 200-day moving average price is $108.58. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 33.63 and a beta of 0.38. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business earned $0.85 EPS. Hershey Company (The)’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that Hershey Company will post $4.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.656 per share. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, August 23rd. Hershey Company (The)’s payout ratio is 78.66%.

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Several analysts recently issued reports on the company. J P Morgan Chase & Co reiterated a “neutral” rating and set a $116.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. Credit Suisse Group reiterated a “buy” rating and set a $121.00 target price on shares of Hershey Company (The) in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $115.00 target price (up previously from $114.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Susquehanna Bancshares Inc set a $118.00 target price on Hershey Company (The) and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $111.00 target price (down previously from $112.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $109.14.

In other news, SVP Terence L. O’day sold 37,875 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $113.88, for a total value of $4,313,205.00. Following the completion of the sale, the senior vice president now directly owns 75,303 shares in the company, valued at $8,575,505.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $105.45, for a total value of $115,995.00. Following the completion of the sale, the senior vice president now owns 27,866 shares of the company’s stock, valued at $2,938,469.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,086 shares of company stock valued at $11,922,182. 0.92% of the stock is owned by company insiders.

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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