The Hershey Company (NYSE:HSY) Position Increased by PFG Advisors


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PFG Advisors raised its holdings in shares of The Hershey Company (NYSE:HSY) by 52.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,137 shares of the company’s stock after buying an additional 735 shares during the period. PFG Advisors’ holdings in The Hershey were worth $338,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Wedbush Securities Inc. bought a new stake in The Hershey during the first quarter worth approximately $213,000. Ferguson Wellman Capital Management Inc. boosted its holdings in The Hershey by 0.7% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 13,102 shares of the company’s stock worth $2,072,000 after buying an additional 96 shares in the last quarter. Precision Wealth Strategies LLC boosted its holdings in The Hershey by 7.4% during the first quarter. Precision Wealth Strategies LLC now owns 1,559 shares of the company’s stock worth $247,000 after buying an additional 108 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in The Hershey by 1.5% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 5,562 shares of the company’s stock worth $880,000 after buying an additional 82 shares in the last quarter. Finally, Marathon Asset Management LLP boosted its holdings in The Hershey by 3.0% during the first quarter. Marathon Asset Management LLP now owns 713,459 shares of the company’s stock worth $112,841,000 after buying an additional 20,660 shares in the last quarter. Hedge funds and other institutional investors own 52.12% of the company’s stock.

HSY has been the subject of a number of recent analyst reports. Credit Suisse Group raised their price objective on shares of The Hershey from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 5th. Bank of America raised shares of The Hershey from a “neutral” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Wednesday, January 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Hershey from $160.00 to $162.00 and gave the stock a “hold” rating in a research note on Tuesday, April 27th. The Goldman Sachs Group raised shares of The Hershey from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $171.00 to $181.00 in a research note on Wednesday, April 21st. Finally, Citigroup raised their price objective on shares of The Hershey from $172.00 to $187.00 in a research note on Monday. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $165.33.

In related news, SVP Christopher M. Scalia sold 8,021 shares of The Hershey stock in a transaction on Friday, March 12th. The shares were sold at an average price of $152.47, for a total value of $1,222,961.87. Following the transaction, the senior vice president now owns 7,318 shares in the company, valued at approximately $1,115,775.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michele Buck sold 2,500 shares of The Hershey stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $159.26, for a total transaction of $398,150.00. Following the completion of the transaction, the chief executive officer now owns 185,497 shares in the company, valued at approximately $29,542,252.22. The disclosure for this sale can be found here. Insiders have sold a total of 18,926 shares of company stock worth $2,914,171 in the last 90 days. 29.39% of the stock is owned by insiders.

The Hershey stock opened at $166.74 on Tuesday. The company has a market capitalization of $34.54 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.98 and a beta of 0.31. The firm’s fifty day simple moving average is $159.17 and its 200-day simple moving average is $151.38. The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 1.98. The Hershey Company has a 1-year low of $125.50 and a 1-year high of $167.80.

The Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, April 29th. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.12. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. The Hershey had a net margin of 14.87% and a return on equity of 70.30%. The Hershey’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. On average, equities research analysts predict that The Hershey Company will post 6.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, May 21st will be issued a dividend of $0.804 per share. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 1.93%. The Hershey’s dividend payout ratio is currently 55.71%.

The Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products and pantry items. The company operates in 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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