The Hershey Co (HSY) Position Increased by Capital Fund Management S.A.

The Hershey Co (HSY) Position Increased by Capital Fund Management S.A.

Several other large investors also recently made changes to their positions in the stock. Hudock Capital Group LLC raised its stake in shares of Hershey by 0.4% in the third quarter. Hudock Capital Group LLC now owns 2,566 shares of the company’s stock valued at $245,000 after buying an additional 10 shares in the last quarter. Kanawha Capital Management LLC increased its stake in shares of Hershey by 0.3% in the first quarter. Kanawha Capital Management LLC now owns 3,451 shares of the company’s stock valued at $377,000 after buying an additional 12 shares during the last quarter. Enterprise Financial Services Corp increased its position in shares of Hershey by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock worth $184,000 after buying an additional 14 shares in the last quarter. Profund Advisors LLC increased its position in shares of Hershey 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 in the last quarter. Finally, Waters Parkerson & CO. LLC increased its position in shares of Hershey by 0.6% in the third quarter. Waters Parkerson & CO. LLC now owns 4,560 shares of the company’s stock worth $436,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 52.07% of the company’s stock.

Capital Fund Management S.A. increased its stake in shares of Hershey Co (NYSE:HSY) by 32.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 136,992 shares of the company’s stock after buying an additional 33,200 shares during the period. Capital Fund Management S.A. owned approximately 0.06% of Hershey worth $14,966,000 as of its most recent SEC filing.

Hershey Co (HSY) opened at 115.88 on Monday. Hershey Co has a 12-month low of $92.36 and a 12-month high of $117.79. The company’s 50-day moving average price is $109.79 and its 200-day moving average price is $106.28. The stock has a market cap of $24.66 billion, a PE ratio of 40.56 and a beta of 0.32.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.89 billion. Hershey had a return on equity of 110.82% and a net margin of 9.68%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. On average, equities analysts expect that Hershey Co will post $4.81 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 25th will be given a dividend of $0.618 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $2.47 annualized dividend and a dividend yield of 2.13%. Hershey’s dividend payout ratio is currently 73.73%.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.89 billion. Hershey had a return on equity of 110.82% and a net margin of 9.68%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. On average, equities analysts expect that Hershey Co will post $4.81 EPS for the current fiscal year. A number of equities analysts have issued reports on the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $115.00 price objective (down previously from $119.00) on shares of Hershey in a report on Friday. Royal Bank of Canada increased their target price on Hershey from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 2nd. Credit Suisse Group AG set a $121.00 price objective on Hershey and gave the company a “buy” rating in a research report on Thursday, March 2nd. Morgan Stanley raised their target price on Hershey from $103.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Monday, February 27th. Finally, Argus raised Hershey from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Thursday, February 16th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $108.02.

In related news, Director David L. Shedlarz sold 4,500 shares of Hershey stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $115.45, for a total transaction of $519,525.00. Following the completion of the transaction, the director now directly owns 15,342 shares in the company, valued at approximately $1,771,233.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP D Michael Wege sold 1,100 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $108.72, for a total value of $119,592.00. Following the completion of the transaction, the senior vice president now owns 28,505 shares of the company’s stock, valued at $3,099,063.60. The disclosure for this sale can be found here. Insiders have sold a total of 44,170 shares of company stock valued at $4,926,579 over the last 90 days. Insiders own 0.68% of the company’s stock. Hershey 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HSY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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