Rhumbline Advisers decreased its holdings in shares of Hershey Company (The) (NYSE:HSY) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 309,434 shares of the company’s stock after selling 2,771 shares during the period. Rhumbline Advisers owned about 0.15% of Hershey Company (The) worth $33,781,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Koch Industries Inc. bought a new position in shares of Hershey Company (The) during the second quarter worth about $614,000. HighTower Advisors LLC grew its position in shares of Hershey Company (The) by 10.8% during the second quarter. HighTower Advisors LLC now owns 44,186 shares of the company’s stock worth $4,747,000 after acquiring an additional 4,297 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Hershey Company (The) by 16.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 140,777 shares of the company’s stock worth $15,117,000 after acquiring an additional 20,116 shares during the last quarter. NorthCoast Asset Management LLC bought a new position in shares of Hershey Company (The) during the second quarter worth about $677,000. Finally, BB&T Securities LLC grew its position in shares of Hershey Company (The) by 8.0% during the second quarter. BB&T Securities LLC now owns 10,459 shares of the company’s stock worth $1,123,000 after acquiring an additional 778 shares during the last quarter. Hedge funds and other institutional investors own 50.22% of the company’s stock.

In other Hershey Company (The) news, VP Javier H. Idrovo sold 15,132 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $110.04, for a total transaction of $1,665,125.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $109.43, for a total transaction of $120,373.00. Following the sale, the senior vice president now directly owns 27,666 shares of the company’s stock, valued at $3,027,490.38. The disclosure for this sale can be found here. Insiders sold a total of 4,534,049 shares of company stock valued at $480,760,013 over the last three months. 0.92% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on HSY shares. Zacks Investment Research upgraded shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Monday, October 2nd. Citigroup Inc. upped their price objective on shares of Hershey Company (The) from $126.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Credit Suisse Group reaffirmed a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a report on Friday, July 28th. Susquehanna Bancshares Inc set a $118.00 price objective on shares of Hershey Company (The) and gave the stock a “hold” rating in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $114.00 price objective on shares of Hershey Company (The) in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $113.35.

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Shares of Hershey Company (NYSE HSY) opened at $109.70 on Friday. Hershey Company has a 1-year low of $95.68 and a 1-year high of $116.49. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.95 and a quick ratio of 0.55. The firm has a market cap of $22,629.96, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.92 and a beta of 0.36.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings results on Thursday, October 26th. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.04. Hershey Company (The) had a net margin of 9.52% and a return on equity of 124.06%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company earned $1.29 EPS. Hershey Company (The)’s revenue was up 1.5% on a year-over-year basis. equities research analysts anticipate that Hershey Company will post 4.8 earnings per share for the current fiscal year.

Hershey Company (The) announced that its board has approved a share repurchase plan on Thursday, October 26th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be issued a $0.656 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, November 21st. Hershey Company (The)’s payout ratio is 77.98%.

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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