First National Bank of Omaha Has $542,000 Stake in Hershey Company (The) (NYSE:HSY)

First National Bank of Omaha maintained its position in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, according to its most recent filing with the SEC. The firm owned 5,000 shares of the company’s stock at the end of the second quarter. First National Bank of Omaha’s holdings in Hershey Company (The) were worth $542,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HSY. Teachers Advisors LLC increased its position in shares of Hershey Company (The) by 73.7% in the fourth quarter. Teachers Advisors LLC now owns 414,428 shares of the company’s stock valued at $42,864,000 after buying an additional 175,805 shares during the last quarter. Conning Inc. increased its stake in 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. increased 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. Pennsylvania Trust Co increased its stake in Hershey Company (The) by 1.7% in the first quarter. Pennsylvania Trust Co now owns 48,420 shares of the company’s stock worth $5,290,000 after buying an additional 800 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in 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. Institutional investors and hedge funds own 51.16% of the company’s stock.

Hershey Company (HSY) opened at 105.25 on Thursday. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The company has a 50-day moving average price of $106.47 and a 200-day moving average price of $108.58. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 33.63 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last released its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the 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 firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Equities research analysts anticipate that Hershey Company will post $4.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.656 dividend. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Wednesday, August 23rd. Hershey Company (The)’s dividend payout ratio (DPR) is 78.66%.

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A number of equities research analysts have issued reports 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 research report on Friday, April 28th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Hershey Company (The) in a research note on Sunday, April 23rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and set 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 cut Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $115.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research note on Friday, June 2nd. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $109.14.

In related news, SVP D Michael Wege sold 14,440 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $115.55, for a total transaction of $1,668,542.00. Following the transaction, the senior vice president now directly owns 42,506 shares of the company’s stock, valued at $4,911,568.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele Buck sold 400 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $110.11, for a total transaction of $44,044.00. Following the transaction, the insider now directly owns 166,497 shares in the company, valued at $18,332,984.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,086 shares of company stock worth $11,922,182. 0.92% of the stock is currently owned by 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.

Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

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