New Mexico Educational Retirement Board cut its stake in Hershey Company (The) (NYSE:HSY) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,978 shares of the company’s stock after selling 1,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Hershey Company (The) were worth $1,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invictus RG acquired a new position in Hershey Company (The) during the first quarter valued at approximately $155,000. Independent Portfolio Consultants Inc. boosted its position 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 during the period. YorkBridge Wealth Partners LLC boosted its position 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 during the period. Enterprise Financial Services Corp boosted its position 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 during the period. Finally, Johnson Financial Group Inc. boosted its position 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 during the period. Institutional investors and hedge funds own 51.16% of the company’s stock.

Hershey Company (NYSE:HSY) opened at 105.20 on Friday. Hershey Company has a 12-month low of $94.03 and a 12-month high of $116.49. The stock’s 50 day moving average price is $106.14 and its 200 day moving average price is $108.56. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 33.61 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.19. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. On average, equities research analysts anticipate 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. Stockholders of record on Friday, August 25th will be issued a dividend of $0.656 per share. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a dividend yield of 2.49%. Hershey Company (The)’s dividend payout ratio (DPR) is presently 78.66%.

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Several research analysts recently commented on the company. Susquehanna Bancshares Inc set a $115.00 price target on Hershey Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 17th. Credit Suisse Group reiterated a “buy” rating and issued a $121.00 price target on shares of Hershey Company (The) in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $115.00 price target (up previously from $114.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. BidaskClub cut Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $111.00 price target (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $109.14.

In other news, SVP Terence L. O’day sold 37,875 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $113.88, for a total transaction of $4,313,205.00. Following the completion of the sale, the senior vice president now owns 75,303 shares of the company’s stock, valued at $8,575,505.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michele Buck sold 400 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $110.11, for a total transaction of $44,044.00. Following the sale, the insider now directly owns 166,497 shares of the company’s stock, valued at approximately $18,332,984.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,408 shares of company stock valued at $11,100,636. 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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