Moors & Cabot Inc. lifted its position in Hershey Company (The) (NYSE:HSY) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,670 shares of the company’s stock after buying an additional 220 shares during the period. Moors & Cabot Inc.’s holdings in Hershey Company (The) were worth $1,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sun Life Financial INC lifted its stake in shares of Hershey Company (The) by 12,637.5% in the second quarter. Sun Life Financial INC now owns 1,019 shares of the company’s stock worth $109,000 after buying an additional 1,011 shares in the last quarter. QCI Asset Management Inc. NY lifted its stake in shares of Hershey Company (The) by 10.8% in the second quarter. QCI Asset Management Inc. NY now owns 1,024 shares of the company’s stock worth $110,000 after buying an additional 100 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Hershey Company (The) in the second quarter worth approximately $125,000. Invictus RG bought a new position in shares of Hershey Company (The) in the first quarter worth approximately $155,000. Finally, Independent Portfolio Consultants Inc. lifted its stake in shares of Hershey Company (The) by 139.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock worth $163,000 after buying an additional 886 shares in the last quarter. Hedge funds and other institutional investors own 51.39% of the company’s stock.

In related news, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP D Michael Wege sold 1,100 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $109.43, for a total transaction of $120,373.00. Following the completion of the transaction, the senior vice president now 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 quarter, insiders sold 4,504,500 shares of company stock valued at $477,527,458. Company insiders own 0.92% of the company’s stock.

Shares of Hershey Company (NYSE HSY) traded down 0.25% during mid-day trading on Friday, reaching $108.65. 994,377 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $107.51 and its 200-day moving average price is $108.44. The company has a market capitalization of $23.08 billion, a PE ratio of 34.71 and a beta of 0.39. Hershey Company has a one year low of $94.03 and a one year high of $116.49.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.90 by $0.19. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the business posted $0.85 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts expect that Hershey Company will post $4.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be paid a $0.656 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, November 21st. Hershey Company (The)’s dividend payout ratio is currently 83.44%.

HSY has been the topic of several analyst reports. Morgan Stanley dropped their target price on shares of Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $116.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Hershey Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Susquehanna Bancshares Inc set a $115.00 target price on shares of Hershey Company (The) and gave the stock a “neutral” rating in a research note on Thursday, August 24th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $121.00 target price on shares of Hershey Company (The) in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Hershey Company (The) presently has a consensus rating of “Hold” and a consensus price target of $111.55.

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Hershey Company (The) Profile

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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