The Hershey Company (HSY) Stake Lessened by Prudential Financial Inc.

Prudential Financial Inc. reduced its stake in shares of The Hershey Company (NYSE:HSY) by 19.2% in the first quarter, HoldingsChannel.com reports. The firm owned 160,468 shares of the company’s stock after selling 38,175 shares during the period. Prudential Financial Inc.’s holdings in The Hershey were worth $15,880,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HSY. Franklin Resources Inc. lifted its stake in The Hershey by 33.6% in the fourth quarter. Franklin Resources Inc. now owns 52,478 shares of the company’s stock worth $5,956,000 after acquiring an additional 13,194 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in The Hershey by 18.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 59,487 shares of the company’s stock worth $6,752,000 after acquiring an additional 9,423 shares during the period. Centaurus Financial Inc. purchased a new stake in The Hershey in the fourth quarter worth about $423,000. We Are One Seven LLC purchased a new stake in The Hershey in the fourth quarter worth about $774,000. Finally, MANA Advisors LLC purchased a new stake in The Hershey in the fourth quarter worth about $451,000. 54.00% of the stock is owned by institutional investors.

HSY stock opened at $91.65 on Wednesday. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.32 and a beta of 0.34. The Hershey Company has a one year low of $89.10 and a one year high of $116.49. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 2.08.



The Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, April 26th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.01. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. The Hershey had a net margin of 13.25% and a return on equity of 113.86%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 earnings per share. analysts predict that The Hershey Company will post 5.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, May 25th will be given a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, May 24th. The Hershey’s payout ratio is 55.04%.

A number of analysts recently weighed in on HSY shares. Piper Jaffray Companies started coverage on shares of The Hershey in a research note on Thursday, April 12th. They issued a “neutral” rating and a $99.00 price objective for the company. Barclays lowered their price objective on shares of The Hershey from $107.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 27th. Susquehanna Bancshares lowered their price objective on shares of The Hershey from $110.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, April 23rd. ValuEngine lowered shares of The Hershey from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. Finally, Zacks Investment Research lowered shares of The Hershey from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The Hershey has a consensus rating of “Hold” and a consensus price target of $103.71.

About The Hershey

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 The Hershey (NYSE:HSY)

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