Hershey Co. (HSY) SVP Sells $106,040.00 in Stock
Hershey Co. (NYSE:HSY) SVP D Michael Wege sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $96.40, for a total transaction of $106,040.00. Following the sale, the senior vice president now owns 26,988 shares of the company’s stock, valued at $2,601,643.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
D Michael Wege also recently made the following trade(s):
- On Monday, August 15th, D Michael Wege sold 1,100 shares of Hershey stock. The stock was sold at an average price of $111.41, for a total transaction of $122,551.00.
Shares of Hershey Co. (NYSE:HSY) traded down 0.44% on Tuesday, reaching $96.31. 757,341 shares of the company’s stock traded hands. Hershey Co. has a one year low of $82.42 and a one year high of $117.79. The company’s 50-day moving average price is $96.81 and its 200 day moving average price is $99.34. The firm has a market cap of $20.53 billion, a P/E ratio of 28.20 and a beta of 0.23.
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Hershey (NYSE:HSY) last released its earnings results on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. Hershey had a net margin of 10.14% and a return on equity of 100.78%. The firm earned $1.64 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm earned $0.78 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Hershey Co. will post $4.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 23rd will be given a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, November 21st. Hershey’s dividend payout ratio is currently 72.22%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. increased its position in Hershey by 0.3% in the first quarter. Cleararc Capital Inc. now owns 3,512 shares of the company’s stock worth $323,000 after buying an additional 9 shares in the last quarter. Kanawha Capital Management LLC increased its position in Hershey by 0.4% in the second quarter. Kanawha Capital Management LLC now owns 3,411 shares of the company’s stock worth $387,000 after buying an additional 13 shares in the last quarter. Orrstown Financial Services Inc. increased its position in Hershey by 2.2% in the second quarter. Orrstown Financial Services Inc. now owns 940 shares of the company’s stock worth $107,000 after buying an additional 20 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Hershey by 1.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,205 shares of the company’s stock worth $364,000 after buying an additional 40 shares in the last quarter. Finally, 10 15 Associates Inc. increased its position in Hershey by 1.1% in the first quarter. 10 15 Associates Inc. now owns 4,205 shares of the company’s stock worth $387,000 after buying an additional 44 shares in the last quarter. 53.01% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank AG dropped their price target on shares of Hershey from $105.00 to $91.00 and set a “hold” rating for the company in a research report on Tuesday, July 26th. Vetr upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $115.74 price target for the company in a research report on Wednesday, August 24th. S&P Equity Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and lifted their price target for the company from $94.00 to $126.00 in a research report on Tuesday, July 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $100.00 price target on shares of Hershey in a research report on Tuesday, September 6th. Finally, Zacks Investment Research downgraded shares of Hershey from a “hold” rating to a “sell” rating in a research report on Monday. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Hershey presently has a consensus rating of “Hold” and an average target price of $100.50.
Hershey Company Profile
The Hershey Company is a producer of chocolate and non-chocolate confectionery. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes.
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