Hershey Company (The) (HSY) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of Hershey Company (The) (NYSE:HSY) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,469 shares of the company’s stock after acquiring an additional 261 shares during the quarter. Pacer Advisors Inc.’s holdings in Hershey Company (The) were worth $372,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Invictus RG bought a new stake in Hershey Company (The) during the 1st quarter worth about $155,000. Independent Portfolio Consultants Inc. grew its holdings in Hershey Company (The) by 139.5% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock worth $163,000 after acquiring an additional 886 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Hershey Company (The) by 43.6% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock worth $168,000 after acquiring an additional 475 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Hershey Company (The) during the 2nd quarter worth about $174,000. Finally, Johnson Financial Group Inc. grew its holdings in Hershey Company (The) by 9.5% during the 1st quarter. Johnson Financial Group Inc. now owns 1,733 shares of the company’s stock worth $189,000 after acquiring an additional 150 shares during the last quarter. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hershey Company (NYSE:HSY) opened at 108.15 on Monday. The firm has a market capitalization of $22.98 billion, a P/E ratio of 34.55 and a beta of 0.38. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The company has a 50 day moving average of $105.94 and a 200-day moving average of $108.46.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. Analysts predict that Hershey Company will post $4.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.656 dividend. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, August 23rd. Hershey Company (The)’s payout ratio is currently 83.44%.

In related news, SVP Terence L. O’day sold 2,806 shares of Hershey Company (The) stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $115.12, for a total value of $323,026.72. Following the transaction, the senior vice president now directly owns 35,028 shares of the company’s stock, valued at $4,032,423.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of Hershey Company (The) stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $106.01, for a total value of $477,045,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,513,279 shares of company stock worth $478,526,976. 0.92% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Hershey Company (The) (HSY) Shares Bought by Pacer Advisors Inc.” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/09/11/hershey-company-the-hsy-shares-bought-by-pacer-advisors-inc.html.

A number of equities research analysts have commented on HSY shares. Deutsche Bank AG reissued a “hold” rating and set a $111.00 price objective (down previously from $112.00) on shares of Hershey Company (The) in a report on Thursday, July 27th. Susquehanna Bancshares Inc set a $115.00 price objective on shares of Hershey Company (The) and gave the stock a “neutral” rating in a report on Thursday, August 24th. J P Morgan Chase & Co reissued a “neutral” rating and set a $116.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a report on Wednesday, June 28th. BidaskClub downgraded shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research downgraded shares of Hershey Company (The) from a “buy” rating to a “sell” rating in a research report on Thursday, June 29th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $111.48.

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.

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

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

Latest News

Leave a Reply