Toronto Dominion Bank Has $6.92 Million Holdings in Hershey Co (HSY)

Toronto Dominion Bank boosted its position in shares of Hershey Co (NYSE:HSY) by 13.4% during the 4th quarter, HoldingsChannel reports. The fund owned 60,954 shares of the company’s stock after buying an additional 7,217 shares during the quarter. Toronto Dominion Bank’s holdings in Hershey were worth $6,919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HSY. Dimensional Fund Advisors LP raised its position in Hershey by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 314,228 shares of the company’s stock worth $33,738,000 after acquiring an additional 9,597 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Hershey in the third quarter valued at about $6,163,000. Robeco Institutional Asset Management B.V. raised its position in shares of Hershey by 0.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 141,763 shares of the company’s stock valued at $15,478,000 after purchasing an additional 986 shares during the period. Oakbrook Investments LLC raised its position in shares of Hershey by 149.6% in the third quarter. Oakbrook Investments LLC now owns 12,890 shares of the company’s stock valued at $1,407,000 after purchasing an additional 7,725 shares during the period. Finally, Douglas Lane & Associates LLC bought a new position in shares of Hershey in the third quarter valued at about $202,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Hershey Co (NYSE:HSY) opened at $100.71 on Monday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.96 and a quick ratio of 0.60. Hershey Co has a one year low of $97.62 and a one year high of $116.49. The company has a market cap of $21,216.37, a PE ratio of 21.16, a P/E/G ratio of 2.17 and a beta of 0.26.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.03). Hershey had a net margin of 10.42% and a return on equity of 116.74%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company posted $1.17 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. research analysts anticipate that Hershey Co will post 5.36 EPS for the current fiscal year.

Hershey declared that its board has approved a stock buyback plan on Thursday, October 26th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a $0.656 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $2.62 annualized dividend and a dividend yield of 2.61%. Hershey’s dividend payout ratio (DPR) is presently 71.58%.

In related news, CEO Michele Buck sold 400 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $111.55, for a total value of $44,620.00. Following the transaction, the chief executive officer now directly owns 163,697 shares in the company, valued at $18,260,400.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 1,200 shares of company stock worth $133,800 over the last 90 days. 0.92% of the stock is currently owned by corporate insiders.

Several equities analysts have recently weighed in on HSY shares. Zacks Investment Research raised shares of Hershey from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research report on Friday, December 29th. Sanford C. Bernstein set a $124.00 price objective on shares of Hershey and gave the company a “buy” rating in a research report on Tuesday, December 19th. Citigroup increased their price objective on shares of Hershey from $126.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Argus dropped their price objective on shares of Hershey from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Finally, Barclays dropped their price objective on shares of Hershey from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Hershey currently has an average rating of “Hold” and an average target price of $111.44.

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About Hershey

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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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