Whitnell & Co. purchased a new position in Hershey Co (NYSE:HSY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,000 shares of the company’s stock, valued at approximately $930,000.
A number of other institutional investors and hedge funds have also made changes to their positions in HSY. American National Bank increased its position in Hershey by 1.4% during the second quarter. American National Bank now owns 5,251 shares of the company’s stock valued at $704,000 after acquiring an additional 71 shares during the last quarter. Tdam USA Inc. increased its position in Hershey by 2.7% during the second quarter. Tdam USA Inc. now owns 2,753 shares of the company’s stock valued at $369,000 after acquiring an additional 73 shares during the last quarter. Private Capital Group LLC increased its position in Hershey by 5.5% during the second quarter. Private Capital Group LLC now owns 1,556 shares of the company’s stock valued at $145,000 after acquiring an additional 81 shares during the last quarter. Securian Asset Management Inc increased its position in Hershey by 0.6% during the second quarter. Securian Asset Management Inc now owns 14,449 shares of the company’s stock valued at $1,937,000 after acquiring an additional 82 shares during the last quarter. Finally, Benedict Financial Advisors Inc. increased its position in Hershey by 0.4% during the second quarter. Benedict Financial Advisors Inc. now owns 25,436 shares of the company’s stock valued at $3,409,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 53.50% of the company’s stock.
In related news, SVP Kevin R. Walling sold 17,745 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $154.23, for a total value of $2,736,811.35. Following the completion of the sale, the senior vice president now directly owns 44,599 shares of the company’s stock, valued at $6,878,503.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hershey Trust Co sold 3,100 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $158.38, for a total transaction of $490,978.00. Following the completion of the sale, the insider now directly owns 83,230 shares of the company’s stock, valued at $13,181,967.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,009 shares of company stock valued at $5,103,372. 0.41% of the stock is owned by insiders.
Shares of HSY traded down $0.35 during trading hours on Friday, reaching $140.97. 453,727 shares of the company traded hands, compared to its average volume of 1,204,769. The firm has a market cap of $29.35 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 3.34 and a beta of 0.06. Hershey Co has a 12-month low of $100.80 and a 12-month high of $162.20. The company has a current ratio of 0.80, a quick ratio of 0.47 and a debt-to-equity ratio of 1.64. The stock’s fifty day moving average price is $150.66 and its 200 day moving average price is $143.55.
Hershey (NYSE:HSY) last issued its earnings results on Thursday, October 24th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.01. Hershey had a net margin of 16.18% and a return on equity of 77.39%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, research analysts forecast that Hershey Co will post 5.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.773 dividend. This represents a $3.09 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, November 21st. Hershey’s dividend payout ratio (DPR) is presently 57.65%.
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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