Andra AP fonden Buys 5,899 Shares of Hershey Company (The) $HSY

Andra AP fonden increased its stake in shares of Hershey Company (The) (NYSE:HSY) by 31.7% during the first quarter, HoldingsChannel.com reports. The firm owned 24,500 shares of the company’s stock after buying an additional 5,899 shares during the period. Andra AP fonden’s holdings in Hershey were worth $5,093,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Glenview Trust Co grew its stake in Hershey by 28.5% during the first quarter. Glenview Trust Co now owns 4,967 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,103 shares in the last quarter. Florida Financial Advisors LLC lifted its stake in Hershey by 20.8% in the 1st quarter. Florida Financial Advisors LLC now owns 2,083 shares of the company’s stock worth $433,000 after purchasing an additional 359 shares in the last quarter. Harbor Advisors LLC purchased a new stake in Hershey in the 1st quarter worth approximately $208,000. Meeder Advisory Services Inc. boosted its holdings in Hershey by 2.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,316 shares of the company’s stock valued at $481,000 after purchasing an additional 61 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Hershey by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,210,466 shares of the company’s stock valued at $251,706,000 after purchasing an additional 19,772 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Insider Activity at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $173.43, for a total transaction of $260,145.00. Following the transaction, the chief financial officer owned 54,695 shares of the company’s stock, valued at approximately $9,485,753.85. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

HSY has been the topic of several research analyst reports. The Goldman Sachs Group set a $240.00 price target on shares of Hershey in a report on Friday, May 1st. TD Cowen upgraded Hershey from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Hershey from $212.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Morgan Stanley lowered their price target on Hershey from $247.00 to $227.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Finally, Mizuho cut their price objective on Hershey from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, Hershey has an average rating of “Hold” and a consensus target price of $209.94.

Hershey Price Performance

Shares of Hershey stock opened at $172.31 on Thursday. The firm has a market capitalization of $34.95 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 1.06 and a beta of 0.11. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48. The business’s 50-day moving average price is $180.95 and its 200-day moving average price is $197.01.

Hershey (NYSE:HSY) last released its earnings results on Thursday, April 30th. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.31. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.03 billion. Hershey had a return on equity of 28.98% and a net margin of 9.12%.Hershey’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 EPS. Sell-side analysts forecast that Hershey Company will post 8.42 EPS for the current fiscal year.

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were issued a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, May 15th. Hershey’s payout ratio is presently 108.19%.

Hershey 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.