Todd W. Tillemans Purchases 2,000 Shares of Hershey Co (HSY) Stock

Hershey Co (NYSE:HSY) insider Todd W. Tillemans acquired 2,000 shares of the stock in a transaction on Tuesday, November 6th. The shares were acquired at an average cost of $107.32 per share, for a total transaction of $214,640.00. Following the completion of the transaction, the insider now directly owns 10,878 shares in the company, valued at approximately $1,167,426.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NYSE:HSY opened at $108.58 on Friday. The stock has a market capitalization of $22.66 billion, a PE ratio of 21.06, a PEG ratio of 2.37 and a beta of 0.17. The company has a current ratio of 1.01, a quick ratio of 0.69 and a debt-to-equity ratio of 2.60. Hershey Co has a fifty-two week low of $89.10 and a fifty-two week high of $115.82.

Hershey (NYSE:HSY) last issued its earnings results on Thursday, October 25th. The company reported $1.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.55. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.08 billion. Hershey had a net margin of 13.20% and a return on equity of 102.30%. On average, equities analysts predict that Hershey Co will post 5.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Wednesday, November 21st will be issued a $0.722 dividend. This represents a $2.89 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Tuesday, November 20th. Hershey’s payout ratio is 60.71%.

Several large investors have recently modified their holdings of the company. Allianz Asset Management GmbH lifted its stake in shares of Hershey by 456.7% in the first quarter. Allianz Asset Management GmbH now owns 142,689 shares of the company’s stock valued at $14,120,000 after purchasing an additional 117,056 shares during the period. DnB Asset Management AS acquired a new stake in shares of Hershey in the second quarter valued at about $2,097,000. IFM Investors Pty Ltd lifted its stake in shares of Hershey by 41.7% in the second quarter. IFM Investors Pty Ltd now owns 6,747 shares of the company’s stock valued at $628,000 after purchasing an additional 1,986 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Hershey by 4.6% in the second quarter. CENTRAL TRUST Co now owns 13,461 shares of the company’s stock valued at $1,253,000 after purchasing an additional 598 shares during the period. Finally, Farmers Trust Co. acquired a new stake in shares of Hershey in the second quarter valued at about $587,000. 52.73% of the stock is currently owned by institutional investors and hedge funds.

HSY has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Hershey from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Piper Jaffray Companies raised their price objective on shares of Hershey from $97.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Credit Suisse Group raised their price objective on shares of Hershey from $80.00 to $85.00 and gave the stock a “sell” rating in a research report on Friday, July 27th. Morgan Stanley raised their price objective on shares of Hershey from $93.00 to $98.00 and gave the stock an “underweight” rating in a research report on Friday, July 27th. Finally, ValuEngine raised shares of Hershey from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $103.81.

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Hershey Company Profile

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.

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