Hershey Co (HSY) VP Sells $577,390.00 in Stock
Hershey Co (NYSE:HSY) VP Javier H. Idrovo sold 5,249 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $110.00, for a total value of $577,390.00. Following the sale, the vice president now owns 36,259 shares in the company, valued at $3,988,490. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Hershey Co (NYSE:HSY) traded up 0.71% during mid-day trading on Monday, hitting $112.77. The stock had a trading volume of 1,427,880 shares. The firm has a market cap of $24.00 billion, a PE ratio of 39.47 and a beta of 0.32. Hershey Co has a 52 week low of $89.98 and a 52 week high of $117.79. The stock has a 50 day moving average price of $108.20 and a 200 day moving average price of $105.27.
Hershey (NYSE:HSY) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.05. Hershey had a return on equity of 110.82% and a net margin of 9.68%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the company posted $1.10 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts expect that Hershey Co will post $4.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th will be paid a $0.618 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $2.47 annualized dividend and a dividend yield of 2.21%. Hershey’s payout ratio is 73.73%.
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Institutional investors have recently modified their holdings of the stock. Boston Financial Mangement LLC acquired a new position in shares of Hershey during the third quarter valued at about $7,621,000. PBWM Holdings LLC raised its position in shares of Hershey by 55.8% in the third quarter. PBWM Holdings LLC now owns 9,044 shares of the company’s stock valued at $865,000 after buying an additional 3,240 shares during the last quarter. Hudock Capital Group LLC raised its position in shares of Hershey by 0.4% in the third quarter. Hudock Capital Group LLC now owns 2,566 shares of the company’s stock valued at $245,000 after buying an additional 10 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Hershey by 10.7% in the third quarter. Van Hulzen Asset Management LLC now owns 25,471 shares of the company’s stock valued at $2,435,000 after buying an additional 2,470 shares during the last quarter. Finally, Decatur Capital Management Inc. acquired a new position in shares of Hershey during the third quarter valued at about $1,942,000. Institutional investors own 52.07% of the company’s stock.
A number of research firms have recently issued reports on HSY. Royal Bank of Canada boosted their price objective on Hershey from $112.00 to $114.00 and gave the company a “sector perform” rating in a research report on Thursday, March 2nd. Credit Suisse Group AG set a $121.00 price objective on Hershey and gave the company a “buy” rating in a research report on Thursday, March 2nd. Morgan Stanley boosted their price objective on Hershey from $103.00 to $111.00 and gave the company an “equal weight” rating in a research report on Monday, February 27th. Vetr upgraded Hershey from a “strong sell” rating to a “sell” rating and set a $101.27 price objective on the stock in a research report on Thursday, February 16th. Finally, Argus upgraded Hershey from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Thursday, February 16th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $108.25.
Hershey 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.
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