Insider Selling: Hershey Company (The) (HSY) SVP Sells $1,678,629.06 in Stock

Hershey Company (The) (NYSE:HSY) SVP D Michael Wege sold 15,517 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $108.18, for a total value of $1,678,629.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

D Michael Wege also recently made the following trade(s):

  • On Monday, October 16th, D Michael Wege sold 1,100 shares of Hershey Company (The) stock. The shares were sold at an average price of $110.26, for a total value of $121,286.00.
  • On Friday, September 15th, D Michael Wege sold 1,100 shares of Hershey Company (The) stock. The shares were sold at an average price of $109.43, for a total value of $120,373.00.

Hershey Company (NYSE:HSY) opened at $109.70 on Friday. The stock has a market capitalization of $22,629.96, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.92 and a beta of 0.36. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.55 and a current ratio of 0.95. Hershey Company has a 1-year low of $95.68 and a 1-year high of $116.49.

Hershey Company (The) (NYSE:HSY) last released its earnings results on Thursday, October 26th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.04. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Hershey Company (The) had a return on equity of 124.06% and a net margin of 9.52%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. equities analysts forecast that Hershey Company will post 4.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.656 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, November 21st. Hershey Company (The)’s dividend payout ratio (DPR) is presently 77.98%.

Hershey Company (The) declared that its board has initiated a share buyback program on Thursday, October 26th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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A number of research analysts have recently weighed in on HSY shares. Royal Bank Of Canada reissued a “hold” rating and issued a $114.00 price target on shares of Hershey Company (The) in a research note on Friday, July 21st. Susquehanna Bancshares Inc set a $118.00 price target on Hershey Company (The) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and issued a $111.00 price target (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Credit Suisse Group restated a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a research report on Friday, July 28th. Finally, Sanford C. Bernstein upgraded shares of Hershey Company (The) from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $109.00 to $127.00 in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.35.

A number of hedge funds have recently added to or reduced their stakes in HSY. Janus Henderson Group PLC increased its holdings in Hershey Company (The) by 19,853.3% during the 2nd quarter. Janus Henderson Group PLC now owns 3,786,147 shares of the company’s stock worth $406,519,000 after purchasing an additional 3,767,172 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Hershey Company (The) by 417.5% in the 3rd quarter. APG Asset Management N.V. now owns 1,297,179 shares of the company’s stock valued at $141,613,000 after acquiring an additional 1,046,500 shares in the last quarter. Evercore Trust Company N.A. bought a new position in shares of Hershey Company (The) in the 3rd quarter valued at about $105,956,000. AJO LP grew its holdings in shares of Hershey Company (The) by 13,232.0% in the 2nd quarter. AJO LP now owns 747,924 shares of the company’s stock valued at $80,305,000 after acquiring an additional 742,314 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Hershey Company (The) by 60.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,699,400 shares of the company’s stock valued at $182,465,000 after acquiring an additional 639,400 shares in the last quarter. Hedge funds and other institutional investors own 50.22% of the company’s stock.

About Hershey Company (The)

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.

Insider Buying and Selling by Quarter for Hershey Company (The) (NYSE:HSY)

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