Dupont Capital Management Corp grew its holdings in shares of Hershey Co (NYSE:HSY) by 1,994.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,991 shares of the company’s stock after purchasing an additional 56,174 shares during the period. Dupont Capital Management Corp’s holdings in Hershey were worth $6,017,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. FTB Advisors Inc. grew its position in shares of Hershey by 108.4% during the second quarter. FTB Advisors Inc. now owns 1,167 shares of the company’s stock worth $107,000 after acquiring an additional 607 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Hershey during the second quarter worth about $121,000. Fort L.P. bought a new position in shares of Hershey during the second quarter worth about $123,000. grace capital bought a new position in shares of Hershey during the second quarter worth about $130,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Hershey during the second quarter worth about $130,000. 52.73% of the stock is currently owned by institutional investors.
In related news, insider Todd W. Tillemans bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average price of $107.32 per share, for a total transaction of $214,640.00. Following the transaction, the insider now directly owns 10,878 shares of the company’s stock, valued at approximately $1,167,426.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin R. Walling sold 30,835 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $101.18, for a total transaction of $3,119,885.30. Following the completion of the transaction, the senior vice president now owns 57,611 shares of the company’s stock, valued at approximately $5,829,080.98. The disclosure for this sale can be found here. Insiders sold a total of 121,716 shares of company stock valued at $12,690,499 in the last quarter. 0.92% of the stock is currently owned by insiders.
Shares of HSY opened at $108.58 on Friday. The stock has a market capitalization of $22.66 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.37 and a beta of 0.17. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.01 and a quick ratio of 0.69. Hershey Co has a 52-week low of $89.10 and a 52-week high of $115.82.
Hershey (NYSE:HSY) last announced its earnings results on Thursday, October 25th. The company reported $1.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.55. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.08 billion. Hershey had a net margin of 13.20% and a return on equity of 102.30%. Equities research analysts expect that Hershey Co will post 5.37 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Wednesday, November 21st will be given a $0.722 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $2.89 dividend on an annualized basis and a yield of 2.66%. Hershey’s dividend payout ratio is presently 60.71%.
Several equities analysts have recently commented on HSY shares. Deutsche Bank set a $110.00 price target on shares of Hershey and gave the stock a “hold” rating in a research report on Friday, September 14th. Zacks Investment Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research report on Monday, September 24th. Credit Suisse Group upgraded shares of Hershey from an “underperform” rating to a “neutral” rating and set a $104.00 price target for the company in a research report on Tuesday, October 30th. Morgan Stanley upped their price target 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, Stifel Nicolaus upped their price target 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. Four equities research 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 presently has an average rating of “Hold” and a consensus price target of $103.81.
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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