Dynamic Technology Lab Private Ltd Takes Position in Hershey Co (NYSE:HSY)

Dynamic Technology Lab Private Ltd bought a new position in shares of Hershey Co (NYSE:HSY) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,225 shares of the company’s stock, valued at approximately $830,000.

Several other institutional investors have also recently made changes to their positions in HSY. CSat Investment Advisory L.P. increased its position in shares of Hershey by 4.0% during the first quarter. CSat Investment Advisory L.P. now owns 15,438 shares of the company’s stock worth $1,773,000 after purchasing an additional 589 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in Hershey by 127.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 25,297 shares of the company’s stock valued at $2,905,000 after buying an additional 14,191 shares during the last quarter. MML Investors Services LLC raised its stake in Hershey by 1.1% in the first quarter. MML Investors Services LLC now owns 9,183 shares of the company’s stock valued at $1,055,000 after buying an additional 97 shares during the last quarter. Sawtooth Solutions LLC acquired a new stake in Hershey in the first quarter worth about $595,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in Hershey by 4.8% in the first quarter. Xact Kapitalforvaltning AB now owns 23,775 shares of the company’s stock worth $2,730,000 after acquiring an additional 1,097 shares in the last quarter. Hedge funds and other institutional investors own 53.51% of the company’s stock.

HSY has been the subject of a number of research reports. Zacks Investment Research raised Hershey from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a report on Wednesday, May 8th. Piper Jaffray Companies downgraded Hershey from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $122.00 to $125.00 in a report on Wednesday, June 19th. Barclays lifted their target price on Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Bank of America reaffirmed a “buy” rating and set a $130.00 target price (up previously from $120.00) on shares of Hershey in a report on Friday, April 26th. Finally, Evercore ISI assumed coverage on Hershey in a report on Tuesday, June 11th. They set an “in-line” rating and a $145.00 target price for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $120.00.

HSY stock traded up $0.22 during trading on Monday, hitting $134.25. 1,021,427 shares of the company traded hands, compared to its average volume of 1,251,384. The firm has a market capitalization of $27.90 billion, a P/E ratio of 25.05, a PEG ratio of 2.94 and a beta of 0.11. Hershey Co has a 1 year low of $90.52 and a 1 year high of $139.34. The stock’s 50-day moving average is $133.66. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 2.27.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.11. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. Hershey had a return on equity of 90.64% and a net margin of 14.44%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 earnings per share. Research analysts predict that Hershey Co will post 5.7 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a $0.722 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, May 23rd. Hershey’s dividend payout ratio (DPR) is presently 53.92%.

In other Hershey news, SVP Terence L. O’day sold 69,444 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $137.30, for a total transaction of $9,534,661.20. Following the transaction, the senior vice president now owns 45,388 shares of the company’s stock, valued at $6,231,772.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hershey Trust Co Trustee In Tr sold 617,613 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $128.09, for a total value of $79,110,049.17. Following the transaction, the insider now directly owns 1,199,988 shares in the company, valued at approximately $153,706,462.92. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,100 shares of company stock valued at $401,990 and sold 3,691,262 shares valued at $466,022,353. 0.41% of the stock is owned by insiders.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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