Aperio Group LLC Increases Stake in Hershey Co (HSY)

Aperio Group LLC lifted its holdings in Hershey Co (NYSE:HSY) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 111,050 shares of the company’s stock after purchasing an additional 5,099 shares during the period. Aperio Group LLC’s holdings in Hershey were worth $11,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FTB Advisors Inc. lifted its position in shares of Hershey by 108.4% in the 2nd quarter. FTB Advisors Inc. now owns 1,167 shares of the company’s stock worth $107,000 after purchasing an additional 607 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Hershey in the 2nd quarter worth approximately $121,000. Fort L.P. purchased a new stake in shares of Hershey in the 2nd quarter worth approximately $123,000. grace capital purchased a new stake in shares of Hershey in the 2nd quarter worth approximately $130,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Hershey in the 2nd quarter worth approximately $130,000. 52.66% of the stock is owned by hedge funds and other institutional investors.

HSY has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Hershey from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Piper Jaffray Companies set a $105.00 price target on shares of Hershey and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research cut shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Consumer Edge cut shares of Hershey from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 9th. Finally, Credit Suisse Group upped their price target on shares of Hershey from $80.00 to $85.00 and gave the stock a “sell” rating in a research report on Friday, July 27th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $104.28.



In other Hershey news, CFO Patricia A. Little sold 21,622 shares of the firm’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $106.00, for a total value of $2,291,932.00. Following the completion of the transaction, the chief financial officer now owns 58,708 shares of the company’s stock, valued at $6,223,048. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michele Buck sold 1,500 shares of the firm’s stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $106.61, for a total transaction of $159,915.00. Following the completion of the transaction, the insider now directly owns 170,894 shares of the company’s stock, valued at approximately $18,219,009.34. The disclosure for this sale can be found here. Insiders have sold 74,546 shares of company stock valued at $7,690,479 in the last three months. 0.87% of the stock is currently owned by corporate insiders.

NYSE:HSY opened at $102.52 on Friday. Hershey Co has a 52 week low of $89.10 and a 52 week high of $115.82. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.94 and a quick ratio of 0.58. The company has a market cap of $22.13 billion, a P/E ratio of 21.54, a PEG ratio of 2.26 and a beta of 0.32.

Hershey (NYSE:HSY) last posted its earnings results on Thursday, October 25th. The company reported $1.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.55. Hershey had a net margin of 13.40% and a return on equity of 108.82%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.08 billion. As a group, equities analysts anticipate that Hershey Co will post 5.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Wednesday, November 21st will be given a dividend of $0.722 per share. The ex-dividend date is Tuesday, November 20th. This represents a $2.89 dividend on an annualized basis and a yield of 2.82%. Hershey’s payout ratio is 60.71%.

About 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.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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