BLB&B Advisors LLC Has $494,000 Stake in Hershey Company (The) (NYSE:HSY)

BLB&B Advisors LLC held its position in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,526 shares of the company’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Hershey Company (The) were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Hershey Company (The) by 3,144.3% in the first quarter. BlackRock Inc. now owns 10,106,348 shares of the company’s stock valued at $1,104,118,000 after buying an additional 9,794,835 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Hershey Company (The) by 2.7% in the first quarter. Vanguard Group Inc. now owns 9,285,024 shares of the company’s stock worth $1,014,388,000 after buying an additional 242,418 shares in the last quarter. State Street Corp raised its position in shares of Hershey Company (The) by 1.0% in the first quarter. State Street Corp now owns 6,194,621 shares of the company’s stock worth $676,773,000 after buying an additional 64,006 shares in the last quarter. Pioneer Investment Management Inc. raised its position in shares of Hershey Company (The) by 3.4% in the first quarter. Pioneer Investment Management Inc. now owns 3,965,863 shares of the company’s stock worth $433,270,000 after buying an additional 131,084 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Hershey Company (The) by 2.7% in the first quarter. Alliancebernstein L.P. now owns 2,524,908 shares of the company’s stock worth $275,846,000 after buying an additional 65,991 shares in the last quarter. 51.31% of the stock is currently owned by institutional investors.

Shares of Hershey Company (NYSE:HSY) traded down 0.47% during mid-day trading on Friday, hitting $107.34. The stock had a trading volume of 1,047,042 shares. The firm’s 50 day moving average price is $105.87 and its 200 day moving average price is $108.58. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The company has a market cap of $22.80 billion, a P/E ratio of 34.29 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.19. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Analysts predict that Hershey Company will post $4.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.656 per share. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, August 23rd. This represents a $2.62 dividend on an annualized basis and a yield of 2.44%. Hershey Company (The)’s dividend payout ratio is 78.66%.

ILLEGAL ACTIVITY NOTICE: “BLB&B Advisors LLC Has $494,000 Stake in Hershey Company (The) (NYSE:HSY)” was reported by BNB Daily and is owned by of BNB Daily. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/blbb-advisors-llc-continues-to-hold-position-in-hershey-company-the-nysehsy-updated-updated-updated.html.

Several brokerages recently weighed in on HSY. Deutsche Bank AG decreased their target price on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Credit Suisse Group restated an “outperform” rating on shares of Hershey Company (The) in a research note on Sunday, April 23rd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $116.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a research report on Wednesday, June 28th. BidaskClub downgraded Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $115.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Hershey Company (The) has an average rating of “Hold” and an average target price of $110.95.

In related news, Director David L. Shedlarz sold 4,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $115.45, for a total transaction of $519,525.00. Following the transaction, the director now owns 15,342 shares in the company, valued at $1,771,233.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin R. Walling sold 22,065 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $115.06, for a total transaction of $2,538,798.90. Following the completion of the transaction, the senior vice president now owns 54,789 shares in the company, valued at $6,304,022.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,159 shares of company stock worth $10,522,047. 0.92% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

Receive News & Ratings for Hershey Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply