Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in shares of Hershey Company (The) (NYSE:HSY) by 10.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,702 shares of the company’s stock after selling 2,388 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Hershey Company (The) were worth $2,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HSY. Macquarie Group Ltd. raised its stake in Hershey Company (The) by 323.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,200 shares of the company’s stock worth $745,000 after buying an additional 5,500 shares in the last quarter. Creative Planning raised its stake in Hershey Company (The) by 8.4% in the first quarter. Creative Planning now owns 9,303 shares of the company’s stock worth $1,016,000 after buying an additional 724 shares in the last quarter. Atria Investments LLC purchased a new stake in Hershey Company (The) during the first quarter worth $384,000. DnB Asset Management AS raised its stake in Hershey Company (The) by 20.2% in the first quarter. DnB Asset Management AS now owns 21,432 shares of the company’s stock worth $2,341,000 after buying an additional 3,600 shares in the last quarter. Finally, Everence Capital Management Inc. raised its stake in Hershey Company (The) by 59.3% in the first quarter. Everence Capital Management Inc. now owns 5,263 shares of the company’s stock worth $575,000 after buying an additional 1,960 shares in the last quarter. 51.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hershey Company (NYSE:HSY) opened at 105.90 on Wednesday. The stock has a market capitalization of $22.50 billion, a price-to-earnings ratio of 33.83 and a beta of 0.38. The firm has a 50-day moving average of $105.91 and a 200 day moving average of $108.59. Hershey Company has a one year low of $94.03 and a one year high of $116.49.

Hershey Company (The) (NYSE:HSY) last issued 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. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities research analysts predict that Hershey Company will post $4.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.656 dividend. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, August 23rd. Hershey Company (The)’s dividend payout ratio is currently 78.66%.

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A number of analysts have recently weighed in on HSY shares. Susquehanna Bancshares Inc set a $115.00 target price on shares of Hershey Company (The) and gave the stock a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research lowered shares of Hershey Company (The) from a “buy” rating to a “sell” rating in a report on Thursday, June 29th. Deutsche Bank AG dropped their target price on shares of Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating for the company in a report on Friday, April 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $114.00 target price on shares of Hershey Company (The) in a report on Friday, July 21st. Finally, BidaskClub lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $109.14.

In other news, 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 approximately $2,938,469.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David L. Shedlarz sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $115.45, for a total transaction of $519,525.00. Following the completion of the sale, the director now directly owns 15,342 shares of the company’s stock, valued at approximately $1,771,233.90. The disclosure for this sale can be found here. Insiders sold a total of 96,308 shares of company stock worth $10,982,947 over the last 90 days. 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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