Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in Hershey Co (HSY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Hershey Co (NYSE:HSY) by 6.2% in the 1st quarter, HoldingsChannel reports. The firm owned 8,128 shares of the company’s stock after purchasing an additional 478 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hershey were worth $933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cornerstone Advisors Inc. increased its position in shares of Hershey by 37.3% during the first quarter. Cornerstone Advisors Inc. now owns 302 shares of the company’s stock worth $35,000 after purchasing an additional 82 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Hershey by 25.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 417 shares of the company’s stock worth $48,000 after buying an additional 84 shares during the last quarter. Versant Capital Management Inc boosted its stake in Hershey by 18.5% during the first quarter. Versant Capital Management Inc now owns 609 shares of the company’s stock worth $69,000 after buying an additional 95 shares during the last quarter. Cypress Capital Management LLC boosted its stake in Hershey by 0.9% during the fourth quarter. Cypress Capital Management LLC now owns 11,230 shares of the company’s stock worth $1,204,000 after buying an additional 100 shares during the last quarter. Finally, First Command Bank boosted its stake in Hershey by 2.1% during the first quarter. First Command Bank now owns 4,878 shares of the company’s stock worth $560,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 53.04% of the company’s stock.

In other news, CFO Patricia A. Little sold 19,779 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $109.30, for a total value of $2,161,844.70. Following the transaction, the chief financial officer now owns 36,049 shares of the company’s stock, valued at approximately $3,940,155.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michele Buck sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $109.52, for a total value of $164,280.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,599,898 shares of company stock worth $452,918,580. Corporate insiders own 0.41% of the company’s stock.

A number of research firms have weighed in on HSY. Zacks Investment Research raised Hershey from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a research note on Thursday, May 16th. Credit Suisse Group set a $123.00 price objective on Hershey and gave the stock a “hold” rating in a research note on Friday, April 26th. UBS Group set a $100.00 price objective on Hershey and gave the stock a “sell” rating in a research note on Friday, April 26th. Barclays boosted their price objective on Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets boosted their price objective on Hershey from $93.00 to $108.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Hershey currently has an average rating of “Hold” and a consensus price target of $113.27.

Shares of Hershey stock opened at $131.44 on Thursday. Hershey Co has a 52 week low of $89.29 and a 52 week high of $131.79. The firm has a market capitalization of $27.21 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.18. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 2.27.

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

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

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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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