Hershey Company (The) (NYSE:HSY) SVP Terence L. O’day sold 2,806 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $115.12, for a total transaction of $323,026.72. Following the sale, the senior vice president now owns 35,028 shares of the company’s stock, valued at $4,032,423.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hershey Company (NYSE HSY) traded up 0.40% during trading on Monday, hitting $112.28. 592,894 shares of the stock were exchanged. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of 39.30 and a beta of 0.41. Hershey Company has a 1-year low of $94.03 and a 1-year high of $117.79. The firm’s 50 day moving average price is $111.46 and its 200-day moving average price is $107.38.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. Hershey Company (The) had a return on equity of 117.02% and a net margin of 8.21%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm posted $1.10 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts anticipate that Hershey Company will post $4.81 EPS for the current year.

Insider Buying and Selling by Quarter for Hershey Company (The) (NYSE:HSY)

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were given a dividend of $0.618 per share. This represents a $2.47 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, May 23rd. Hershey Company (The)’s payout ratio is 86.06%.

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Several research firms recently commented on HSY. Susquehanna Bancshares Inc set a $119.00 price target on shares of Hershey Company (The) and gave the stock a “hold” rating in a report on Saturday, March 25th. BMO Capital Markets restated a “market perform” rating and set a $105.00 price target on shares of Hershey Company (The) in a report on Sunday, March 5th. Societe Generale upgraded shares of Hershey Company (The) from a “sell” rating to a “hold” rating and lifted their target price for the company from $96.00 to $110.00 in a research note on Tuesday, February 28th. Credit Suisse Group set a $121.00 target price on shares of Hershey Company (The) and gave the company a “buy” rating in a research note on Thursday, March 2nd. Finally, Royal Bank Of Canada lifted their target price on shares of Hershey Company (The) from $112.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, March 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $108.02.

A number of hedge funds and other institutional investors have recently bought and sold shares of HSY. Commerzbank Aktiengesellschaft FI boosted its position in shares of Hershey Company (The) by 7.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 5,473 shares of the company’s stock worth $566,000 after buying an additional 390 shares during the last quarter. Van ECK Associates Corp raised its stake in Hershey Company (The) by 8.7% in the fourth quarter. Van ECK Associates Corp now owns 2,051 shares of the company’s stock valued at $212,000 after buying an additional 164 shares during the period. Dimensional Fund Advisors LP raised its stake in Hershey Company (The) by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 292,776 shares of the company’s stock valued at $30,283,000 after buying an additional 4,337 shares during the period. Pinnacle Associates Ltd. raised its stake in Hershey Company (The) by 28.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,801 shares of the company’s stock valued at $290,000 after buying an additional 620 shares during the period. Finally, Elkfork Partners LLC acquired a new stake in Hershey Company (The) during the fourth quarter valued at $901,000. Hedge funds and other institutional investors own 51.41% of the company’s stock.

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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