NuWave Investment Management LLC Takes Position in The Hershey Company (NYSE:HSY)

NuWave Investment Management LLC bought a new stake in shares of The Hershey Company (NYSE:HSYGet Rating) during the 1st quarter, Holdings Channel reports. The fund bought 674 shares of the company’s stock, valued at approximately $146,000.

Several other institutional investors and hedge funds have also bought and sold shares of HSY. O Dell Group LLC increased its stake in shares of Hershey by 109.8% during the fourth quarter. O Dell Group LLC now owns 128 shares of the company’s stock valued at $25,000 after buying an additional 67 shares during the period. Northern Oak Wealth Management Inc. increased its stake in shares of Hershey by 55.0% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 55 shares during the period. Addison Advisors LLC purchased a new position in shares of Hershey during the fourth quarter valued at approximately $31,000. FSB Premier Wealth Management Inc. purchased a new position in shares of Hershey during the fourth quarter valued at approximately $31,000. Finally, Retirement Planning Co of New England Inc. purchased a new position in shares of Hershey during the fourth quarter valued at approximately $31,000. 52.96% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on HSY shares. Mizuho upped their price target on Hershey from $200.00 to $210.00 in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft upped their price target on Hershey from $210.00 to $218.00 in a research note on Friday, April 29th. UBS Group started coverage on Hershey in a research note on Wednesday, March 30th. They issued a “neutral” rating and a $226.00 price target on the stock. StockNews.com raised Hershey from a “hold” rating to a “buy” rating in a research note on Saturday, May 7th. Finally, Royal Bank of Canada upped their price target on Hershey from $214.00 to $237.00 in a research note on Friday, April 29th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Hershey presently has an average rating of “Moderate Buy” and an average price target of $219.00.

Hershey stock opened at $214.90 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $216.93 and its two-hundred day simple moving average is $206.98. The Hershey Company has a 12 month low of $167.80 and a 12 month high of $231.60. The company has a market capitalization of $326.54 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 3.49 and a beta of 0.36.

Hershey (NYSE:HSYGet Rating) last released its earnings results on Thursday, April 28th. The company reported $2.53 EPS for the quarter, topping the consensus estimate of $2.10 by $0.43. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.49 billion. Hershey had a return on equity of 61.65% and a net margin of 17.29%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 earnings per share. On average, equities research analysts predict that The Hershey Company will post 8.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, May 20th were issued a dividend of $0.901 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, May 19th. Hershey’s payout ratio is currently 46.27%.

In other news, Director Pamela M. Arway sold 255 shares of the company’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $221.95, for a total transaction of $56,597.25. Following the transaction, the director now directly owns 15,690 shares of the company’s stock, valued at $3,482,395.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michele Buck sold 5,000 shares of the company’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $221.95, for a total value of $1,109,750.00. Following the transaction, the chief executive officer now directly owns 195,555 shares in the company, valued at $43,403,432.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,800 shares of company stock worth $3,455,486. Corporate insiders own 0.34% of the company’s stock.

Hershey Profile (Get Rating)

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; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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