Tdam USA Inc. Takes Position in Hershey Co (HSY)

Tdam USA Inc. bought a new position in shares of Hershey Co (NYSE:HSY) during the 1st quarter, Holdings Channel reports. The firm bought 2,680 shares of the company’s stock, valued at approximately $308,000.

A number of other hedge funds have also made changes to their positions in the stock. Bremer Trust National Association acquired a new stake in Hershey during the 4th quarter worth about $29,000. Claybrook Capital LLC acquired a new stake in Hershey during the 4th quarter worth about $29,000. Trustcore Financial Services LLC acquired a new stake in Hershey during the 1st quarter worth about $29,000. Oregon Public Employees Retirement Fund lifted its position in 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 worth $32,000 after acquiring an additional 3,423,036 shares during the period. Finally, Acima Private Wealth LLC acquired a new stake in Hershey during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 53.61% of the company’s stock.

A number of analysts have commented on HSY shares. Zacks Investment Research raised Hershey from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Thursday, May 16th. Bank of America reaffirmed a “buy” rating and set a $130.00 price target (up previously from $120.00) on shares of Hershey in a research report on Friday, April 26th. ValuEngine raised Hershey from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Barclays lifted their price target on Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Credit Suisse Group set a $123.00 price target on Hershey and gave the stock a “hold” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $113.27.

In other news, major shareholder Hershey Trust Co Trustee In Tr sold 360,715 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $123.09, for a total value of $44,400,409.35. Following the completion of the transaction, the insider now owns 3,639,762 shares of the company’s stock, valued at approximately $448,018,304.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michele Buck sold 1,500 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $117.00, for a total value of $175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 161,429 shares of the company’s stock, valued at approximately $18,887,193. The disclosure for this sale can be found here. In the last three months, insiders sold 3,599,898 shares of company stock valued at $452,918,580. Insiders own 0.41% of the company’s stock.

Shares of HSY stock traded up $1.12 on Wednesday, hitting $131.43. The company had a trading volume of 339,451 shares, compared to its average volume of 1,204,537. The stock has a market cap of $27.13 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 2.27. Hershey Co has a twelve month low of $89.29 and a twelve month high of $130.61.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.722 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.89 annualized dividend and a dividend yield of 2.20%. Hershey’s dividend payout ratio (DPR) is presently 53.92%.

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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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