Parametrica Management Ltd purchased a new position in shares of Hershey Co (NYSE:HSY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,010 shares of the company’s stock, valued at approximately $228,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. WFG Advisors LP boosted its stake in shares of Hershey by 25.2% during the second quarter. WFG Advisors LP now owns 998 shares of the company’s stock worth $107,000 after buying an additional 201 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Hershey by 528.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the company’s stock valued at $166,000 after purchasing an additional 1,232 shares during the period. Dupont Capital Management Corp acquired a new stake in Hershey in the fourth quarter valued at about $169,000. Valeo Financial Advisors LLC acquired a new stake in Hershey in the third quarter valued at about $174,000. Finally, Boys Arnold & Co. Inc. acquired a new stake in shares of Hershey during the 4th quarter valued at approximately $208,000. Institutional investors and hedge funds own 51.76% of the company’s stock.
HSY has been the subject of a number of research reports. Royal Bank of Canada reiterated a “hold” rating and set a $122.00 price target on shares of Hershey in a research report on Friday, December 22nd. Goldman Sachs Group cut shares of Hershey from a “neutral” rating to a “sell” rating and set a $101.00 target price for the company. in a research note on Tuesday, January 16th. Zacks Investment Research cut shares of Hershey from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Berenberg Bank upgraded shares of Hershey from a “sell” rating to a “hold” rating and set a $90.00 target price on the stock in a report on Monday, December 18th. Finally, UBS Group reduced their target price on shares of Hershey from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. Hershey presently has a consensus rating of “Hold” and an average target price of $111.43.
In other Hershey news, insider Michele Buck sold 400 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $114.95, for a total value of $45,980.00. Following the completion of the sale, the insider now directly owns 164,097 shares of the company’s stock, valued at approximately $18,862,950.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 1,200 shares of company stock valued at $133,800. 0.92% of the stock is owned by insiders.
Shares of Hershey Co (NYSE:HSY) traded down $0.20 during trading hours on Tuesday, hitting $99.58. 577,755 shares of the company traded hands, compared to its average volume of 1,211,662. The stock has a market cap of $20,980.00, a P/E ratio of 28.69, a PEG ratio of 2.15 and a beta of 0.26. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 2.21. Hershey Co has a fifty-two week low of $97.62 and a fifty-two week high of $116.49.
Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. Hershey had a net margin of 10.42% and a return on equity of 116.74%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 EPS. sell-side analysts predict that Hershey Co will post 5.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be issued a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, February 22nd. Hershey’s dividend payout ratio is currently 75.50%.
Hershey declared that its board has approved a share repurchase program on Thursday, October 26th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
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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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