Retirement Systems of Alabama boosted its position in shares of Hershey Company (The) (NYSE:HSY) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,877 shares of the company’s stock after buying an additional 372 shares during the period. Retirement Systems of Alabama’s holdings in Hershey Company (The) were worth $7,288,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Conning Inc. raised its position in shares of Hershey Company (The) by 5.0% in the first quarter. Conning Inc. now owns 4,020 shares of the company’s stock worth $439,000 after buying an additional 190 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of 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. Martingale Asset Management L P raised its position in shares of Hershey Company (The) by 9.0% in the first quarter. Martingale Asset Management L P now owns 124,909 shares of the company’s stock worth $13,647,000 after buying an additional 10,303 shares in the last quarter. Assetmark Inc. raised its position in shares of Hershey Company (The) by 499.8% in the first quarter. Assetmark Inc. now owns 15,860 shares of the company’s stock worth $1,733,000 after buying an additional 13,216 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in shares of Hershey Company (The) during the first quarter worth approximately $249,000. 51.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hershey Company (HSY) opened at 105.94 on Tuesday. The company has a 50-day moving average price of $106.03 and a 200 day moving average price of $108.59. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 33.85 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last released its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that Hershey Company will post $4.82 EPS for the current year.

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

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A number of research analysts have commented on HSY shares. Deutsche Bank AG decreased their price objective on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Hershey Company (The) in a report on Sunday, April 23rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $116.00 price objective (down from $119.00) on shares of Hershey Company (The) in a report on Wednesday, June 28th. BidaskClub lowered Hershey Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $115.00 price objective (down from $119.00) on shares of Hershey Company (The) in a report on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $109.14.

In related news, insider Michele Buck sold 400 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the completion of the transaction, the insider now directly owns 166,097 shares in the company, valued at $17,938,476. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP D Michael Wege sold 14,440 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $115.55, for a total value of $1,668,542.00. Following the transaction, the senior vice president now owns 42,506 shares of the company’s stock, valued at $4,911,568.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,308 shares of company stock valued at $10,982,947. 0.92% of the stock is owned by company insiders.

Hershey Company (The) Company 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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