Enterprise Financial Services Corp Cuts Stake in Hershey Company (The) (HSY)

Enterprise Financial Services Corp cut its stake in shares of Hershey Company (The) (NYSE:HSY) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,656 shares of the company’s stock after selling 25 shares during the period. Enterprise Financial Services Corp’s holdings in Hershey Company (The) were worth $178,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Kanawha Capital Management LLC increased its stake in Hershey Company (The) by 0.3% in the first quarter. Kanawha Capital Management LLC now owns 3,451 shares of the company’s stock worth $377,000 after buying an additional 12 shares in the last quarter. RB Capital Management LLC boosted its position in shares of Hershey Company (The) by 0.5% in the second quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock worth $358,000 after buying an additional 18 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Hershey Company (The) by 0.7% in the first quarter. Profund Advisors LLC now owns 3,397 shares of the company’s stock worth $371,000 after buying an additional 23 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Hershey Company (The) by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock worth $907,000 after buying an additional 23 shares during the last quarter. Finally, BLB&B Advisors LLC boosted its position in shares of Hershey Company (The) by 0.7% in the first quarter. BLB&B Advisors LLC now owns 4,526 shares of the company’s stock worth $494,000 after buying an additional 31 shares during the last quarter. 51.31% of the stock is owned by institutional investors.

Shares of Hershey Company (NYSE HSY) traded down 0.47% on Friday, hitting $107.34. 1,047,042 shares of the stock traded hands. The firm’s 50 day moving average is $105.87 and its 200-day moving average is $108.58. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The company has a market cap of $22.80 billion, a PE ratio of 34.29 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last issued its quarterly earnings results 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. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Hershey Company will post $4.82 earnings per share for the current year.

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

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A number of equities analysts have issued reports on the stock. Susquehanna Bancshares Inc set a $115.00 price objective on shares of Hershey Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 17th. Sanford C. Bernstein upgraded shares of Hershey Company (The) from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $109.00 to $127.00 in a research note on Thursday. BidaskClub downgraded shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 price objective (up previously from $114.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Finally, Credit Suisse Group restated a “buy” rating and set a $121.00 price objective on shares of Hershey Company (The) in a research report on Friday, July 28th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $110.95.

In other Hershey Company (The) news, SVP Terence L. O’day sold 37,875 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $113.88, for a total transaction of $4,313,205.00. Following the completion of the transaction, the senior vice president now owns 75,303 shares in the company, valued at approximately $8,575,505.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP D Michael Wege sold 14,440 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $115.55, for a total value of $1,668,542.00. Following the completion of the sale, the senior vice president now owns 42,506 shares of the company’s stock, valued at approximately $4,911,568.30. The disclosure for this sale can be found here. Insiders sold a total of 92,159 shares of company stock valued at $10,522,047 over the last quarter. Company insiders own 0.92% 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.

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

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