The Hershey Company (NYSE:HSY) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in The Hershey Company (NYSE:HSYFree Report) by 96.8% in the fourth quarter, HoldingsChannel reports. The fund owned 17,614 shares of the company’s stock after purchasing an additional 8,665 shares during the period. Tower Research Capital LLC TRC’s holdings in Hershey were worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wealth Alliance increased its position in shares of Hershey by 9.5% in the fourth quarter. Wealth Alliance now owns 1,137 shares of the company’s stock valued at $212,000 after buying an additional 99 shares in the last quarter. AJOVista LLC purchased a new stake in shares of Hershey during the fourth quarter worth approximately $153,000. Pittenger & Anderson Inc. boosted its stake in Hershey by 1,263.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 15,105 shares of the company’s stock worth $2,816,000 after buying an additional 13,997 shares during the last quarter. Ironwood Investment Counsel LLC acquired a new position in Hershey during the fourth quarter worth $2,332,000. Finally, Reliant Investment Management LLC acquired a new position in shares of Hershey in the 4th quarter valued at $4,173,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on HSY shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $213.00 price target on shares of Hershey in a research note on Friday, March 15th. Edward Jones restated a “hold” rating on shares of Hershey in a report on Friday, April 19th. Barclays increased their price objective on Hershey from $200.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Morgan Stanley downgraded Hershey from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $191.00 to $183.00 in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on Hershey from $185.00 to $193.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hershey has an average rating of “Hold” and an average price target of $210.56.

Read Our Latest Stock Analysis on HSY

Insider Activity at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $185.83, for a total value of $278,745.00. Following the transaction, the chief financial officer now owns 38,728 shares in the company, valued at $7,196,824.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 4,500 shares of company stock worth $882,405. 0.34% of the stock is owned by insiders.

Hershey Stock Down 0.6 %

HSY opened at $196.06 on Friday. The Hershey Company has a 12 month low of $178.82 and a 12 month high of $263.29. The stock has a market capitalization of $39.65 billion, a P/E ratio of 19.43, a P/E/G ratio of 4.41 and a beta of 0.37. The business has a 50 day simple moving average of $195.83 and a 200-day simple moving average of $192.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.97 and a quick ratio of 0.64.

Hershey (NYSE:HSYGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.33. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.11 billion. Hershey had a return on equity of 50.15% and a net margin of 18.13%. Hershey’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $2.96 EPS. On average, equities analysts anticipate that The Hershey Company will post 9.6 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, May 16th. Hershey’s dividend payout ratio is currently 54.31%.

Hershey Company Profile

(Free Report)

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; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.

Featured Articles

Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hershey Company (NYSE:HSYFree Report).

Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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