Hershey Company (The) (HSY) Shares Bought by Boston Financial Mangement LLC

Boston Financial Mangement LLC grew its position in Hershey Company (The) (NYSE:HSY) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,976 shares of the company’s stock after buying an additional 3,697 shares during the quarter. Boston Financial Mangement LLC owned 0.06% of Hershey Company (The) worth $13,207,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. WFG Advisors LP increased its position in shares of Hershey Company (The) by 25.2% in the second quarter. WFG Advisors LP now owns 998 shares of the company’s stock valued at $107,000 after buying an additional 201 shares in the last quarter. Sun Life Financial INC increased its position in shares of Hershey Company (The) by 12,637.5% in the second quarter. Sun Life Financial INC now owns 1,019 shares of the company’s stock valued at $109,000 after buying an additional 1,011 shares in the last quarter. QCI Asset Management Inc. NY increased its position in shares of Hershey Company (The) by 10.8% in the second quarter. QCI Asset Management Inc. NY now owns 1,024 shares of the company’s stock valued at $110,000 after buying an additional 100 shares in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Hershey Company (The) in the second quarter valued at $125,000. Finally, Invictus RG purchased a new position in shares of Hershey Company (The) in the first quarter valued at $155,000. Institutional investors and hedge funds own 49.93% of the company’s stock.

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HSY has been the subject of a number of research analyst reports. Citigroup Inc. raised their price target on Hershey Company (The) from $126.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Monday, October 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $121.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 28th. Morgan Stanley decreased their price objective on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. Finally, Susquehanna Bancshares Inc set a $118.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Three investment 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $113.35.

In related news, insider Michele Buck sold 400 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the transaction, the insider now directly owns 165,697 shares of the company’s stock, valued at $17,895,276. The transaction was disclosed in a legal filing 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 on Monday, October 16th. The shares were sold at an average price of $110.26, for a total value of $121,286.00. The disclosure for this sale can be found here. Insiders have sold 4,519,232 shares of company stock worth $479,154,674 over the last three months. 0.92% of the stock is owned by insiders.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings results on Thursday, October 26th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.01 billion. Hershey Company (The) had a return on equity of 124.06% and a net margin of 9.52%. Hershey Company (The)’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, November 21st. Hershey Company (The)’s payout ratio is 77.98%.

Hershey Company (The) declared that its board has authorized a stock repurchase plan on Thursday, October 26th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows 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.

About Hershey Company (The)

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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