Capital International Inc. CA Acquires 10,233 Shares of Hershey Company (The) $HSY

Capital International Inc. CA boosted its position in shares of Hershey Company (The) (NYSE:HSY) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,393 shares of the company’s stock after acquiring an additional 10,233 shares during the period. Capital International Inc. CA’s holdings in Hershey were worth $15,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HSY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Hershey by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,310 shares of the company’s stock valued at $2,618,000 after acquiring an additional 937 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Hershey by 20.2% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the company’s stock valued at $116,000 after acquiring an additional 117 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Hershey during the second quarter valued at approximately $267,000. Bank of Nova Scotia lifted its position in Hershey by 4.5% during the second quarter. Bank of Nova Scotia now owns 17,927 shares of the company’s stock valued at $2,975,000 after acquiring an additional 769 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Hershey by 5.4% during the second quarter. Daiwa Securities Group Inc. now owns 22,247 shares of the company’s stock valued at $3,692,000 after acquiring an additional 1,149 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $194.10, for a total value of $291,150.00. Following the sale, the chief financial officer directly owned 57,695 shares of the company’s stock, valued at approximately $11,198,599.50. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Hershey Stock Performance

Shares of NYSE HSY opened at $184.42 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a 50 day simple moving average of $194.51 and a two-hundred day simple moving average of $198.89. Hershey Company has a 12 month low of $160.07 and a 12 month high of $239.48. The stock has a market cap of $37.41 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 1.11 and a beta of 0.09.

Hershey (NYSE:HSY) last posted its earnings results on Thursday, April 30th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.31. Hershey had a net margin of 9.12% and a return on equity of 28.98%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, analysts predict that Hershey Company will post 8.45 earnings per share for the current year.

Hershey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a $1.452 dividend. This represents a $5.81 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, May 15th. Hershey’s dividend payout ratio is presently 108.19%.

Analyst Ratings Changes

HSY has been the subject of a number of analyst reports. Zacks Research cut shares of Hershey from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of Hershey in a research note on Tuesday, April 21st. Mizuho cut their price target on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. BTIG Research began coverage on shares of Hershey in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company cut their price target on shares of Hershey from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $218.06.

Hershey Company Profile

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.