Wimmer Associates 1 LLC Decreases Holdings in The Hershey Company (HSY)

Wimmer Associates 1 LLC lessened its stake in shares of The Hershey Company (NYSE:HSY) by 43.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,500 shares of the company’s stock after selling 2,635 shares during the quarter. Wimmer Associates 1 LLC’s holdings in The Hershey were worth $346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Republic Investment Management Inc. lifted its holdings in shares of The Hershey by 358.7% during the first quarter. First Republic Investment Management Inc. now owns 109,509 shares of the company’s stock worth $1,837,000 after purchasing an additional 85,636 shares during the period. Toronto Dominion Bank lifted its holdings in shares of The Hershey by 24.8% during the first quarter. Toronto Dominion Bank now owns 76,055 shares of the company’s stock worth $7,524,000 after purchasing an additional 15,101 shares during the period. Anchor Capital Advisors LLC lifted its holdings in shares of The Hershey by 0.6% during the first quarter. Anchor Capital Advisors LLC now owns 145,705 shares of the company’s stock worth $14,419,000 after purchasing an additional 940 shares during the period. Glen Harbor Capital Management LLC lifted its holdings in shares of The Hershey by 20.7% during the first quarter. Glen Harbor Capital Management LLC now owns 10,758 shares of the company’s stock worth $1,065,000 after purchasing an additional 1,848 shares during the period. Finally, Wilkins Investment Counsel Inc. lifted its holdings in shares of The Hershey by 1.6% during the first quarter. Wilkins Investment Counsel Inc. now owns 59,103 shares of the company’s stock worth $5,849,000 after purchasing an additional 925 shares during the period. 54.00% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on HSY. Zacks Investment Research upgraded shares of The Hershey from a “sell” rating to a “hold” rating in a report on Monday. Argus lowered shares of The Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Barclays dropped their target price on shares of The Hershey from $107.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, April 27th. Societe Generale lowered shares of The Hershey from a “hold” rating to a “sell” rating and dropped their target price for the company from $93.29 to $85.00 in a report on Friday, April 27th. Finally, Credit Suisse Group set a $94.00 target price on shares of The Hershey and gave the company a “hold” rating in a report on Monday, April 23rd. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The Hershey presently has an average rating of “Hold” and a consensus target price of $103.71.

Shares of NYSE HSY opened at $91.67 on Friday. The Hershey Company has a 1-year low of $89.10 and a 1-year high of $116.49. The stock has a market cap of $19.27 billion, a PE ratio of 19.26, a P/E/G ratio of 2.32 and a beta of 0.34. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 2.08.

The Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, April 26th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.01. The Hershey had a net margin of 13.25% and a return on equity of 113.86%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. equities analysts anticipate that The Hershey Company will post 5.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 25th will be issued a dividend of $0.656 per share. The ex-dividend date is Thursday, May 24th. This represents a $2.62 annualized dividend and a dividend yield of 2.86%. The Hershey’s dividend payout ratio is currently 55.04%.

The 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 The Hershey (NYSE:HSY)

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