Schroder Investment Management Group bought a new stake in shares of Hershey Company (The) (NYSE:HSY) during the first quarter, Holdings Channel reports. The institutional investor bought 59,196 shares of the company’s stock, valued at approximately $6,447,000.

Other large investors have also recently modified their holdings of the company. Pioneer Investment Management Inc. boosted its position in Hershey Company (The) by 3.4% in the first quarter. Pioneer Investment Management Inc. now owns 3,965,863 shares of the company’s stock valued at $433,270,000 after buying an additional 131,084 shares during the period. Norges Bank bought a new position in Hershey Company (The) during the fourth quarter valued at $136,670,000. Alyeska Investment Group L.P. boosted its position in Hershey Company (The) by 164.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,024,110 shares of the company’s stock valued at $105,924,000 after buying an additional 636,998 shares during the period. Marathon Asset Management LLP boosted its position in Hershey Company (The) by 0.6% in the first quarter. Marathon Asset Management LLP now owns 908,203 shares of the company’s stock valued at $99,215,000 after buying an additional 5,598 shares during the period. Finally, AQR Capital Management LLC boosted its position in Hershey Company (The) by 74.3% in the fourth quarter. AQR Capital Management LLC now owns 887,553 shares of the company’s stock valued at $91,800,000 after buying an additional 378,271 shares during the period. 51.47% of the stock is owned by hedge funds and other institutional investors.

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

Hershey Company (NYSE:HSY) opened at 111.83 on Friday. The company’s 50-day moving average is $111.46 and its 200 day moving average is $107.38. The firm has a market cap of $23.80 billion, a PE ratio of 39.14 and a beta of 0.41. Hershey Company has a one year low of $94.03 and a one year high of $117.79.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.89 billion. Hershey Company (The) had a net margin of 8.21% and a return on equity of 117.02%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. Equities analysts anticipate that Hershey Company will post $4.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, May 23rd. Hershey Company (The)’s dividend payout ratio is 86.06%.

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Several research firms have recently weighed in on HSY. BMO Capital Markets reiterated a “market perform” rating and issued a $105.00 price target on shares of Hershey Company (The) in a report on Sunday, March 5th. Societe Generale upgraded shares of Hershey Company (The) from a “sell” rating to a “hold” rating and upped their price target for the company from $96.00 to $110.00 in a report on Tuesday, February 28th. Susquehanna Bancshares Inc set a $119.00 price target on shares of Hershey Company (The) and gave the company a “hold” rating in a report on Saturday, March 25th. Royal Bank Of Canada upped their price target on shares of Hershey Company (The) from $112.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, March 2nd. Finally, Credit Suisse Group set a $121.00 price target on shares of Hershey Company (The) and gave the company a “buy” rating in a report on Thursday, March 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $108.02.

In other Hershey Company (The) news, SVP D Michael Wege sold 1,100 shares of Hershey Company (The) stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $114.04, for a total transaction of $125,444.00. Following the transaction, the senior vice president now directly owns 27,966 shares of the company’s stock, valued at approximately $3,189,242.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Javier H. Idrovo sold 4,496 shares of Hershey Company (The) stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $110.00, for a total transaction of $494,560.00. Following the transaction, the vice president now directly owns 35,506 shares in the company, valued at $3,905,660. The disclosure for this sale can be found here. Insiders have sold a total of 104,110 shares of company stock worth $11,784,435 over the last ninety days. 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.

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