Alerus Financial NA Acquires 164 Shares of The Hershey Company (NYSE:HSY)

Alerus Financial NA boosted its stake in The Hershey Company (NYSE:HSYGet Rating) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,360 shares of the company’s stock after acquiring an additional 164 shares during the period. Alerus Financial NA’s holdings in Hershey were worth $1,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Hershey during the fourth quarter worth about $99,744,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Hershey by 143.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 463,828 shares of the company’s stock worth $78,503,000 after buying an additional 273,395 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in Hershey by 583.7% during the 4th quarter. Virginia Retirement Systems ET AL now owns 277,600 shares of the company’s stock valued at $53,707,000 after buying an additional 237,000 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Hershey by 32.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 898,907 shares of the company’s stock valued at $171,934,000 after buying an additional 219,385 shares during the last quarter. Finally, Vontobel Asset Management Inc. boosted its holdings in Hershey by 45.6% in the third quarter. Vontobel Asset Management Inc. now owns 674,219 shares of the company’s stock worth $117,680,000 after acquiring an additional 211,266 shares in the last quarter. Institutional investors and hedge funds own 52.96% of the company’s stock.

Hershey stock traded down $0.47 during trading on Wednesday, reaching $212.98. The company had a trading volume of 12,461 shares, compared to its average volume of 1,109,605. 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 firm’s 50-day simple moving average is $219.34 and its 200 day simple moving average is $202.57. The firm has a market capitalization of $323.63 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 3.32 and a beta of 0.35. The Hershey Company has a 52 week low of $167.80 and a 52 week high of $231.60.

Hershey (NYSE:HSYGet Rating) last released its earnings results on Thursday, April 28th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.43. Hershey had a net margin of 17.29% and a return on equity of 61.65%. The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the firm posted $1.92 EPS. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, analysts predict that The Hershey Company will post 8.05 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Friday, May 20th will be paid a dividend of $0.901 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, May 19th. Hershey’s dividend payout ratio (DPR) is 46.27%.

In other Hershey news, CAO Jennifer Mccalman sold 173 shares of the business’s stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $209.06, for a total value of $36,167.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jason Reiman sold 407 shares of Hershey stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $201.61, for a total value of $82,055.27. The disclosure for this sale can be found here. Insiders sold a total of 11,760 shares of company stock valued at $2,607,388 in the last ninety days. 0.34% of the stock is currently owned by insiders.

Several research firms have recently issued reports on HSY. BMO Capital Markets lifted their price target on Hershey from $215.00 to $255.00 in a research report on Friday, April 29th. Bank of America upped their target price on shares of Hershey from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 4th. Royal Bank of Canada raised their price target on shares of Hershey from $214.00 to $237.00 in a research report on Friday, April 29th. The Goldman Sachs Group upped their price objective on Hershey from $221.00 to $227.00 and gave the company a “buy” rating in a research report on Friday, February 4th. Finally, StockNews.com raised Hershey from a “hold” rating to a “buy” rating in a report on Saturday, May 7th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $218.40.

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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