3,026 Shares in Hershey Co (NYSE:HSY) Purchased by Cetera Advisors LLC

Cetera Advisors LLC purchased a new position in Hershey Co (NYSE:HSY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,026 shares of the company’s stock, valued at approximately $468,000.

Several other institutional investors have also modified their holdings of HSY. APG Asset Management N.V. increased its stake in shares of Hershey by 145.7% in the 2nd quarter. APG Asset Management N.V. now owns 2,718,679 shares of the company’s stock worth $319,972,000 after acquiring an additional 1,612,100 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Hershey by 60.0% in the 2nd quarter. Renaissance Technologies LLC now owns 4,240,564 shares of the company’s stock worth $568,363,000 after acquiring an additional 1,589,800 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Hershey by 34,749.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,015,850 shares of the company’s stock worth $136,154,000 after acquiring an additional 1,012,935 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Hershey by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,780,343 shares of the company’s stock worth $1,578,920,000 after acquiring an additional 537,363 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Hershey by 236.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 689,182 shares of the company’s stock worth $92,368,000 after acquiring an additional 484,496 shares in the last quarter. Institutional investors own 54.49% of the company’s stock.

Shares of HSY stock opened at $146.69 on Tuesday. Hershey Co has a one year low of $100.80 and a one year high of $162.20. The company’s 50-day moving average is $148.95 and its 200 day moving average is $144.60. The company has a market capitalization of $30.49 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 3.47 and a beta of 0.06. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.47 and a current ratio of 0.80.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm posted $1.55 EPS. Hershey’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts predict that Hershey Co will post 5.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.773 per share. This represents a $3.09 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, November 21st. Hershey’s payout ratio is presently 57.65%.

Several research analysts recently issued reports on the stock. Credit Suisse Group increased their price target on shares of Hershey from $130.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. UBS Group set a $147.00 price objective on shares of Hershey and gave the company a “hold” rating in a research report on Friday, October 25th. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 price objective on the stock. in a research report on Thursday, September 12th. They noted that the move was a valuation call. BMO Capital Markets increased their price objective on shares of Hershey from $133.00 to $138.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Finally, Bank of America set a $165.00 price objective on shares of Hershey and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $145.57.

In other news, CEO Michele Buck sold 3,832 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $154.79, for a total transaction of $593,155.28. Following the sale, the chief executive officer now owns 159,261 shares of the company’s stock, valued at approximately $24,652,010.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Hershey Trust Co sold 3,100 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $158.38, for a total transaction of $490,978.00. Following the sale, the insider now directly owns 83,230 shares in the company, valued at approximately $13,181,967.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,309 shares of company stock worth $6,432,540. Insiders own 0.41% of the company’s stock.

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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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