Horizon Investments LLC Has $993,000 Position in The Hershey Company (NYSE:HSY)

Horizon Investments LLC raised its position in The Hershey Company (NYSE:HSYGet Rating) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,584 shares of the company’s stock after buying an additional 88 shares during the period. Horizon Investments LLC’s holdings in Hershey were worth $993,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. O Dell Group LLC boosted its holdings in Hershey by 109.8% during the fourth quarter. O Dell Group LLC now owns 128 shares of the company’s stock worth $25,000 after buying an additional 67 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in Hershey by 121.3% during the 1st quarter. Zions Bancorporation N.A. now owns 135 shares of the company’s stock worth $29,000 after acquiring an additional 74 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in Hershey during the first quarter valued at approximately $31,000. Riverview Trust Co bought a new stake in Hershey in the first quarter valued at approximately $33,000. Finally, Northern Oak Wealth Management Inc. raised its holdings in Hershey by 55.0% in the fourth quarter. Northern Oak Wealth Management Inc. now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 55 shares during the period. 54.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hershey from $219.00 to $227.00 in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.64.

Insider Activity at Hershey

In related news, major shareholder Hershey Trust Co Trustee In Tr sold 167,095 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $222.40, for a total transaction of $37,161,928.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hershey news, major shareholder Hershey Trust Co Trustee In Tr sold 167,095 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $222.40, for a total transaction of $37,161,928.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pamela M. Arway sold 234 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $220.93, for a total value of $51,697.62. Following the completion of the sale, the director now directly owns 15,643 shares of the company’s stock, valued at $3,456,007.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 856,288 shares of company stock valued at $188,801,430. 0.34% of the stock is owned by insiders.

Hershey Stock Up 0.3 %

NYSE:HSY opened at $226.25 on Monday. The company has a market cap of $46.38 billion, a PE ratio of 28.79, a PEG ratio of 3.60 and a beta of 0.34. The stock has a 50-day simple moving average of $224.44 and a 200 day simple moving average of $218.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.74. The Hershey Company has a 52-week low of $167.80 and a 52-week high of $234.56.

Hershey (NYSE:HSYGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.11. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Hershey had a net margin of 16.76% and a return on equity of 60.62%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the business earned $1.47 EPS. On average, sell-side analysts expect that The Hershey Company will post 8.21 EPS for the current fiscal year.

Hershey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, August 19th will be issued a $1.036 dividend. This is a boost from Hershey’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, August 18th. This represents a $4.14 annualized dividend and a dividend yield of 1.83%. Hershey’s dividend payout ratio (DPR) is presently 52.67%.

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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