Insider Selling: Hershey Co (HSY) Major Shareholder Sells 524,260 Shares of Stock

Hershey Co (NYSE:HSY) major shareholder Hershey Trust Co Trustee In Tr sold 524,260 shares of Hershey stock in a transaction on Monday, May 20th. The stock was sold at an average price of $129.14, for a total transaction of $67,702,936.40. Following the completion of the transaction, the insider now owns 473,052 shares in the company, valued at approximately $61,089,935.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Hershey Trust Co Trustee In Tr also recently made the following trade(s):

  • On Thursday, May 16th, Hershey Trust Co Trustee In Tr sold 617,613 shares of Hershey stock. The stock was sold at an average price of $128.09, for a total transaction of $79,110,049.17.
  • On Tuesday, May 14th, Hershey Trust Co Trustee In Tr sold 583,012 shares of Hershey stock. The stock was sold at an average price of $127.00, for a total transaction of $74,042,524.00.
  • On Friday, May 10th, Hershey Trust Co Trustee In Tr sold 463,856 shares of Hershey stock. The stock was sold at an average price of $125.49, for a total transaction of $58,209,289.44.
  • On Wednesday, May 8th, Hershey Trust Co Trustee In Tr sold 556,917 shares of Hershey stock. The stock was sold at an average price of $124.22, for a total transaction of $69,180,229.74.
  • On Monday, May 6th, Hershey Trust Co Trustee In Tr sold 410,468 shares of Hershey stock. The stock was sold at an average price of $122.77, for a total transaction of $50,393,156.36.
  • On Thursday, May 2nd, Hershey Trust Co Trustee In Tr sold 360,715 shares of Hershey stock. The stock was sold at an average price of $123.09, for a total transaction of $44,400,409.35.

Shares of NYSE:HSY traded up $0.54 on Tuesday, hitting $129.84. 54,608 shares of the company were exchanged, compared to its average volume of 1,199,031. Hershey Co has a one year low of $89.29 and a one year high of $129.67. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.59 and a current ratio of 0.92. The company has a market cap of $27.13 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 2.83 and a beta of 0.18.

Hershey (NYSE:HSY) last issued its earnings results on Thursday, April 25th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.11. Hershey had a net margin of 14.44% and a return on equity of 90.64%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business earned $1.41 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. Equities analysts predict that Hershey Co will post 5.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.722 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.89 annualized dividend and a dividend yield of 2.22%. Hershey’s dividend payout ratio (DPR) is currently 53.92%.

HSY has been the topic of several research reports. Bank of America restated a “buy” rating and set a $130.00 price objective (up previously from $120.00) on shares of Hershey in a report on Friday, April 26th. Zacks Investment Research downgraded shares of Hershey from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. ValuEngine upgraded shares of Hershey from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. BMO Capital Markets boosted their price objective on shares of Hershey from $93.00 to $108.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Finally, Barclays boosted their price objective on shares of Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $113.27.

Several institutional investors have recently modified their holdings of HSY. Oregon Public Employees Retirement Fund boosted its position in shares of Hershey by 10,179.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock valued at $32,000 after acquiring an additional 3,423,036 shares in the last quarter. Norges Bank acquired a new position in Hershey in the fourth quarter valued at about $142,502,000. BlackRock Inc. boosted its position in Hershey by 8.4% in the fourth quarter. BlackRock Inc. now owns 13,764,673 shares of the company’s stock valued at $1,475,299,000 after buying an additional 1,070,632 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Hershey by 365.2% in the first quarter. JPMorgan Chase & Co. now owns 953,783 shares of the company’s stock valued at $109,523,000 after buying an additional 748,757 shares in the last quarter. Finally, FMR LLC boosted its position in Hershey by 9.8% in the fourth quarter. FMR LLC now owns 6,142,122 shares of the company’s stock valued at $658,314,000 after buying an additional 550,341 shares in the last quarter. Institutional investors and hedge funds own 53.61% 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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Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

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