Rehmann Capital Advisory Group Has $227,000 Stock Holdings in The Hershey Company (NYSE:HSY)

Rehmann Capital Advisory Group increased its holdings in shares of The Hershey Company (NYSE:HSY) by 5.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,165 shares of the company’s stock after purchasing an additional 60 shares during the period. Rehmann Capital Advisory Group’s holdings in Hershey were worth $227,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Hershey in the 4th quarter valued at approximately $349,448,000. International Assets Investment Management LLC raised its holdings in Hershey by 18,495.8% in the 4th quarter. International Assets Investment Management LLC now owns 295,673 shares of the company’s stock valued at $55,125,000 after acquiring an additional 294,083 shares in the last quarter. Vanguard Group Inc. raised its holdings in Hershey by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,182,809 shares of the company’s stock valued at $2,830,683,000 after acquiring an additional 271,636 shares in the last quarter. Bryn Mawr Capital Management LLC raised its holdings in Hershey by 3,404.3% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 256,447 shares of the company’s stock valued at $49,879,000 after acquiring an additional 249,129 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Hershey by 98.4% in the 1st quarter. Principal Financial Group Inc. now owns 419,947 shares of the company’s stock valued at $81,680,000 after acquiring an additional 208,293 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Buying and Selling

In related news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $182.93, for a total transaction of $274,395.00. Following the completion of the transaction, the chief financial officer now owns 35,728 shares in the company, valued at $6,535,723.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 4,500 shares of company stock worth $859,950. Company insiders own 0.29% of the company’s stock.

Hershey Stock Up 1.1 %

Shares of NYSE HSY traded up $2.10 during mid-day trading on Wednesday, hitting $184.85. The company had a trading volume of 825,599 shares, compared to its average volume of 1,863,527. The company has a market capitalization of $37.38 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 4.14 and a beta of 0.36. The firm has a 50-day simple moving average of $193.53 and a two-hundred day simple moving average of $192.29. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. The Hershey Company has a one year low of $178.82 and a one year high of $248.93.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Friday, May 3rd. The company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.33. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Hershey had a return on equity of 50.15% and a net margin of 18.13%. Hershey’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.96 EPS. On average, equities analysts expect that The Hershey Company will post 9.59 EPS for the current year.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 17th were issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, May 16th. Hershey’s payout ratio is currently 54.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HSY. Citigroup dropped their target price on Hershey from $213.00 to $199.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Barclays dropped their target price on Hershey from $210.00 to $204.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $213.00 target price on shares of Hershey in a report on Friday, March 15th. Argus dropped their target price on Hershey from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Finally, BNP Paribas lowered Hershey from an “outperform” rating to a “neutral” rating and set a $208.00 price target on the stock. in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $209.67.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.