Hershey Company (The) (NYSE:HSY) VP Javier H. Idrovo sold 15,132 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $110.04, for a total value of $1,665,125.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hershey Company (The) (NYSE:HSY) last issued its earnings results on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.90 by $0.19. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be given a $0.656 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, November 21st. Hershey Company (The)’s payout ratio is presently 83.44%.

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HSY has been the subject of a number of research analyst reports. Susquehanna Bancshares Inc set a $115.00 target price on Hershey Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 17th. BidaskClub downgraded Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co restated a “neutral” rating and issued a $116.00 target price (down from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. Morgan Stanley cut their target price on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $114.00 target price on shares of Hershey Company (The) in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $111.55.

Several large investors have recently modified their holdings of the company. RB Capital Management LLC raised its position in shares of Hershey Company (The) by 0.5% in the 2nd quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock valued at $358,000 after buying an additional 18 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp raised its position in shares of Hershey Company (The) by 0.3% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 6,344 shares of the company’s stock valued at $681,000 after buying an additional 19 shares in the last quarter. Geneva Advisors LLC raised its position in shares of Hershey Company (The) by 0.4% in the 2nd quarter. Geneva Advisors LLC now owns 4,744 shares of the company’s stock valued at $509,000 after buying an additional 19 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Hershey Company (The) by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock valued at $907,000 after buying an additional 23 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Hershey Company (The) by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,545 shares of the company’s stock valued at $918,000 after buying an additional 39 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.

Hershey Company (The) 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.

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

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