Toth Financial Advisory Corp increased its stake in shares of Hershey Co (NYSE:HSY) by 33.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,333 shares of the company’s stock after purchasing an additional 4,083 shares during the period. Toth Financial Advisory Corp’s holdings in Hershey were worth $1,875,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Hershey by 8.4% during the fourth quarter. BlackRock Inc. now owns 13,764,673 shares of the company’s stock worth $1,475,299,000 after acquiring an additional 1,070,632 shares in the last quarter. Vanguard Group Inc lifted its holdings in Hershey by 1.1% during the third quarter. Vanguard Group Inc now owns 10,862,696 shares of the company’s stock worth $1,107,995,000 after acquiring an additional 116,765 shares in the last quarter. FMR LLC lifted its holdings in Hershey by 9.8% during the fourth quarter. FMR LLC now owns 6,142,122 shares of the company’s stock worth $658,314,000 after acquiring an additional 550,341 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Hershey by 10,179.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock worth $32,000 after acquiring an additional 3,423,036 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Hershey by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 2,189,376 shares of the company’s stock worth $234,317,000 after acquiring an additional 249,155 shares in the last quarter. 52.41% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on HSY shares. ValuEngine lowered Hershey from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Zacks Investment Research upgraded Hershey from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Monday, December 31st. Finally, Bank of America upgraded Hershey from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $92.00 to $120.00 in a report on Wednesday, December 19th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $103.36.

In other news, CFO Patricia A. Little sold 5,433 shares of the business’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $114.62, for a total value of $622,730.46. Following the sale, the chief financial officer now directly owns 54,591 shares in the company, valued at $6,257,220.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Javier H. Idrovo sold 4,873 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $110.00, for a total value of $536,030.00. Following the completion of the sale, the vice president now owns 21,436 shares in the company, valued at $2,357,960. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,585 shares of company stock worth $3,811,555. Corporate insiders own 0.87% of the company’s stock.

HSY stock traded up $0.63 during midday trading on Monday, hitting $116.74. 373,760 shares of the company’s stock were exchanged, compared to its average volume of 1,115,560. The firm has a market cap of $24.21 billion, a PE ratio of 21.78, a P/E/G ratio of 2.41 and a beta of 0.15. Hershey Co has a one year low of $89.10 and a one year high of $116.80. The company has a current ratio of 0.93, a quick ratio of 0.60 and a debt-to-equity ratio of 2.31.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, January 31st. The company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.01). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.01 billion. Hershey had a net margin of 15.11% and a return on equity of 95.97%. During the same quarter last year, the firm earned $1.03 earnings per share. On average, analysts forecast that Hershey Co will post 5.66 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/toth-financial-advisory-corp-has-1-88-million-position-in-hershey-co-hsy/2964544.html.

About Hershey

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

Featured Article: Trading signals using Bollinger bands

Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Co (NYSE:HSY).

Institutional Ownership by Quarter for Hershey (NYSE:HSY)

Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.