The Hershey Company (NYSE:HSY) Major Shareholder Hershey Trust Co Trustee In Tr Sells 167,095 Shares

The Hershey Company (NYSE:HSYGet Rating) major shareholder Hershey Trust Co Trustee In Tr sold 167,095 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $222.40, for a total transaction of $37,161,928.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Hershey Trust Co Trustee In Tr also recently made the following trade(s):

  • On Wednesday, July 13th, Hershey Trust Co Trustee In Tr sold 23,813 shares of Hershey stock. The stock was sold at an average price of $221.24, for a total transaction of $5,268,388.12.
  • On Monday, July 11th, Hershey Trust Co Trustee In Tr sold 26,627 shares of Hershey stock. The stock was sold at an average price of $221.26, for a total transaction of $5,891,490.02.
  • On Thursday, July 7th, Hershey Trust Co Trustee In Tr sold 3,007 shares of Hershey stock. The stock was sold at an average price of $221.00, for a total transaction of $664,547.00.
  • On Tuesday, July 5th, Hershey Trust Co Trustee In Tr sold 1,781 shares of Hershey stock. The stock was sold at an average price of $221.21, for a total transaction of $393,975.01.
  • On Friday, July 1st, Hershey Trust Co Trustee In Tr sold 155,821 shares of Hershey stock. The stock was sold at an average price of $218.82, for a total transaction of $34,096,751.22.
  • On Wednesday, June 29th, Hershey Trust Co Trustee In Tr sold 253,066 shares of Hershey stock. The stock was sold at an average price of $219.37, for a total transaction of $55,515,088.42.
  • On Monday, June 27th, Hershey Trust Co Trustee In Tr sold 218,182 shares of Hershey stock. The stock was sold at an average price of $221.32, for a total transaction of $48,288,040.24.

Hershey Stock Up 0.8 %

Shares of NYSE HSY opened at $229.78 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.74 and a debt-to-equity ratio of 1.16. The Hershey Company has a 52 week low of $167.80 and a 52 week high of $231.60. The firm’s fifty day moving average is $215.30 and its 200 day moving average is $212.88. The company has a market cap of $349.16 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.62 and a beta of 0.34.

Hershey (NYSE:HSYGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.11. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Hershey had a net margin of 16.76% and a return on equity of 60.62%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share. On average, equities research analysts expect that The Hershey Company will post 8.21 earnings per share for the current year.

Hershey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, August 19th will be issued a $1.036 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $4.14 annualized dividend and a yield of 1.80%. This is a boost from Hershey’s previous quarterly dividend of $0.90. Hershey’s payout ratio is 45.80%.

Institutional Trading of Hershey

Several large investors have recently added to or reduced their stakes in HSY. O Dell Group LLC boosted its holdings in Hershey by 109.8% in the fourth quarter. O Dell Group LLC now owns 128 shares of the company’s stock valued at $25,000 after acquiring an additional 67 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of Hershey by 121.3% during the 1st quarter. Zions Bancorporation N.A. now owns 135 shares of the company’s stock valued at $29,000 after buying an additional 74 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its holdings in shares of Hershey by 55.0% during the 4th quarter. Northern Oak Wealth Management Inc. now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Addison Advisors LLC bought a new stake in shares of Hershey during the 4th quarter valued at $31,000. Finally, FSB Premier Wealth Management Inc. bought a new stake in shares of Hershey during the 4th quarter valued at $31,000. Institutional investors own 52.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HSY. BMO Capital Markets increased their target price on shares of Hershey from $215.00 to $255.00 in a research report on Friday, April 29th. Mizuho increased their target price on shares of Hershey from $200.00 to $210.00 in a research report on Friday, April 29th. Royal Bank of Canada raised their price objective on shares of Hershey from $214.00 to $237.00 in a research report on Friday, April 29th. StockNews.com upgraded shares of Hershey from a “hold” rating to a “buy” rating in a research report on Saturday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hershey from $219.00 to $227.00 in a research report on Friday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Hershey has an average rating of “Moderate Buy” and an average price target of $219.64.

About Hershey

(Get Rating)

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars.

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