New Mexico Educational Retirement Board Cuts Holdings in Hershey Co (HSY)

New Mexico Educational Retirement Board cut its stake in shares of Hershey Co (NYSE:HSY) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,678 shares of the company’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Hershey were worth $1,341,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HSY. Oregon Public Employees Retirement Fund lifted its position in Hershey by 10,179.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock worth $32,000 after acquiring an additional 3,423,036 shares during the last quarter. Norges Bank acquired a new stake in Hershey during the fourth quarter worth approximately $142,502,000. BlackRock Inc. lifted its position in Hershey by 8.4% during the fourth quarter. BlackRock Inc. now owns 13,764,673 shares of the company’s stock worth $1,475,299,000 after acquiring an additional 1,070,632 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Hershey by 51.2% during the third quarter. Bank of New York Mellon Corp now owns 1,998,325 shares of the company’s stock worth $203,829,000 after acquiring an additional 676,300 shares during the last quarter. Finally, FMR LLC lifted its position in Hershey by 9.8% during the fourth quarter. FMR LLC now owns 6,142,122 shares of the company’s stock worth $658,314,000 after acquiring an additional 550,341 shares during the last quarter. Hedge funds and other institutional investors own 52.41% of the company’s stock.

Several brokerages have issued reports on HSY. Zacks Investment Research downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. ValuEngine cut shares of Hershey from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Hershey has a consensus rating of “Hold” and an average price target of $103.36.



Shares of HSY opened at $116.96 on Friday. Hershey Co has a 12 month low of $89.10 and a 12 month high of $117.35. The company has a market cap of $24.39 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.43 and a beta of 0.15. The company has a current ratio of 0.93, a quick ratio of 0.60 and a debt-to-equity ratio of 2.31.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, January 31st. The company reported $1.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.01). Hershey had a return on equity of 95.97% and a net margin of 15.11%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, equities analysts predict that Hershey Co will post 5.65 EPS for the current year.

In related news, VP Javier H. Idrovo sold 4,873 shares of Hershey stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $110.00, for a total value of $536,030.00. Following the transaction, the vice president now directly owns 21,436 shares of the company’s stock, valued at $2,357,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michele Buck sold 1,500 shares of Hershey stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $108.19, for a total transaction of $162,285.00. Following the completion of the transaction, the chief executive officer now directly owns 166,394 shares in the company, valued at $18,002,166.86. The disclosure for this sale can be found here. Insiders have sold 41,793 shares of company stock worth $4,649,485 over the last ninety days. Insiders own 0.87% of the company’s stock.

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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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