Insider Selling: Hershey Co (NYSE:HSY) CEO Sells 1,500 Shares of Stock

Hershey Co (NYSE:HSY) CEO Michele Buck sold 1,500 shares of Hershey stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $155.13, for a total transaction of $232,695.00. Following the completion of the transaction, the chief executive officer now directly owns 155,429 shares of the company’s stock, valued at approximately $24,111,700.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Michele Buck also recently made the following trade(s):

  • On Monday, August 12th, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $155.56, for a total transaction of $233,340.00.
  • On Wednesday, July 10th, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $138.57, for a total transaction of $207,855.00.

Shares of HSY stock traded down $1.75 on Wednesday, hitting $150.79. 85,890 shares of the stock traded hands, compared to its average volume of 992,433. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.48 and a current ratio of 0.88. Hershey Co has a twelve month low of $99.15 and a twelve month high of $162.20. The firm’s 50-day moving average price is $155.31 and its two-hundred day moving average price is $132.65. The stock has a market capitalization of $32.10 billion, a PE ratio of 28.12, a PEG ratio of 3.40 and a beta of 0.06.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.13. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Hershey had a net margin of 15.51% and a return on equity of 83.29%. Hershey’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share. On average, equities research analysts anticipate that Hershey Co will post 5.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.773 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $3.09 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Hershey’s previous quarterly dividend of $0.72. Hershey’s dividend payout ratio (DPR) is currently 57.65%.

Several equities analysts recently weighed in on HSY shares. Credit Suisse Group lifted their price target on Hershey from $130.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. UBS Group upgraded shares of Hershey from a “sell” rating to a “neutral” rating and increased their target price for the company from $100.00 to $145.00 in a research report on Monday, July 22nd. Zacks Investment Research downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Evercore ISI began coverage on shares of Hershey in a research report on Tuesday, June 11th. They set an “in-line” rating and a $145.00 price target on the stock. Finally, Piper Jaffray Companies cut shares of Hershey from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $122.00 to $125.00 in a research note on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Hershey currently has an average rating of “Hold” and a consensus price target of $138.71.

Several hedge funds have recently added to or reduced their stakes in HSY. Krane Funds Advisors LLC acquired a new stake in shares of Hershey during the 2nd quarter worth about $25,000. Berman Capital Advisors LLC lifted its stake in Hershey by 172.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in Hershey during the 1st quarter worth about $29,000. Bremer Bank National Association purchased a new position in Hershey during the 1st quarter valued at about $34,000. Finally, Cornerstone Advisors Inc. boosted its holdings in Hershey by 37.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 302 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares during the period. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

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