Parthenon LLC Continues to Hold Stake in Hershey Company (The) (NYSE:HSY)

Parthenon LLC continued to hold 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 2,100 shares of the company’s stock at the end of the second quarter. Parthenon LLC’s holdings in Hershey Company (The) were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HSY. Invictus RG purchased a new position in shares of Hershey Company (The) during the first quarter valued at about $155,000. Independent Portfolio Consultants Inc. boosted its position in shares of Hershey Company (The) by 139.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock valued at $163,000 after buying an additional 886 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after buying an additional 475 shares during the last quarter. Enterprise Financial Services Corp boosted its position in shares of Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock valued at $184,000 after buying an additional 14 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its position in shares of Hershey Company (The) by 9.5% in the first quarter. Johnson Financial Group Inc. now owns 1,733 shares of the company’s stock valued at $189,000 after buying an additional 150 shares during the last quarter. 51.31% of the stock is currently owned by institutional investors and hedge funds.

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

Hershey Company (The) (NYSE:HSY) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. Hershey Company (The)’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities research analysts predict that Hershey Company will post $4.82 EPS for the current fiscal year.

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

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Several research analysts have recently commented on HSY shares. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $116.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Credit Suisse Group reaffirmed a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective (up previously from $114.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Susquehanna Bancshares Inc set a $118.00 price objective on Hershey Company (The) and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $111.00 price objective (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $110.95.

In other Hershey Company (The) news, insider Michele Buck sold 400 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the completion of the transaction, the insider now owns 166,097 shares of the company’s stock, valued at $17,938,476. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP D Michael Wege sold 1,100 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $105.45, for a total value of $115,995.00. Following the transaction, the senior vice president now directly owns 27,866 shares of the company’s stock, valued at approximately $2,938,469.70. The disclosure for this sale can be found here. Insiders have sold 92,159 shares of company stock valued at $10,522,047 in the last three months. 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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