Hershey Co (NYSE:HSY) Insider Sells $233,340.00 in Stock

Hershey Co (NYSE:HSY) insider Michele Buck sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $155.56, for a total value of $233,340.00. Following the sale, the insider now directly owns 156,929 shares in the company, valued at approximately $24,411,875.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Michele Buck also recently made the following trade(s):

  • On Wednesday, July 10th, Michele Buck sold 1,500 shares of Hershey stock. The shares were sold at an average price of $138.57, for a total value of $207,855.00.
  • On Monday, June 10th, Michele Buck sold 1,500 shares of Hershey stock. The shares were sold at an average price of $138.01, for a total value of $207,015.00.
  • On Friday, May 31st, Michele Buck sold 6,000 shares of Hershey stock. The shares were sold at an average price of $129.14, for a total value of $774,840.00.

Hershey stock opened at $155.50 on Friday. The stock has a 50-day moving average of $145.46 and a two-hundred day moving average of $126.52. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.48 and a current ratio of 0.88. Hershey Co has a one year low of $98.50 and a one year high of $156.69. The stock has a market cap of $32.56 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 3.38 and a beta of 0.09.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.13. Hershey had a return on equity of 83.29% and a net margin of 15.51%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Hershey Co will post 5.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 23rd will be paid a $0.773 dividend. This represents a $3.09 annualized dividend and a dividend yield of 1.99%. This is a boost from Hershey’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Thursday, August 22nd. Hershey’s dividend payout ratio (DPR) is presently 53.92%.

A number of research firms have commented on HSY. Zacks Investment Research cut Hershey from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. BMO Capital Markets increased their price target on Hershey to $133.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Evercore ISI began coverage on Hershey in a research note on Tuesday, June 11th. They issued an “in-line” rating and a $145.00 price target for the company. Piper Jaffray Companies cut Hershey from a “neutral” rating to an “underweight” rating and increased their price target for the company from $122.00 to $125.00 in a research note on Wednesday, June 19th. Finally, Credit Suisse Group increased their price target on Hershey from $130.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $138.71.

Several large investors have recently made changes to their positions in the company. American National Bank raised its stake in shares of Hershey by 1.4% in the second quarter. American National Bank now owns 5,251 shares of the company’s stock worth $704,000 after purchasing an additional 71 shares during the last quarter. Tdam USA Inc. raised its stake in shares of Hershey by 2.7% in the second quarter. Tdam USA Inc. now owns 2,753 shares of the company’s stock worth $369,000 after purchasing an additional 73 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Hershey by 37.3% in the first quarter. Cornerstone Advisors Inc. now owns 302 shares of the company’s stock worth $35,000 after purchasing an additional 82 shares during the last quarter. Securian Asset Management Inc raised its stake in shares of Hershey by 0.6% in the second quarter. Securian Asset Management Inc now owns 14,449 shares of the company’s stock worth $1,937,000 after purchasing an additional 82 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Hershey by 25.2% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 417 shares of the company’s stock worth $48,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 53.89% of the company’s stock.

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.

See Also: Why do companies pay special dividends?

Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.