TIAA CREF Investment Management LLC boosted its stake in shares of Hershey Co (NYSE:HSY) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 605,097 shares of the company’s stock after acquiring an additional 11,630 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Hershey were worth $68,685,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Stone Ridge Asset Management LLC acquired a new stake in Hershey during the 4th quarter worth approximately $1,784,000. Guggenheim Capital LLC lifted its position in Hershey by 2.6% during the 4th quarter. Guggenheim Capital LLC now owns 462,506 shares of the company’s stock worth $52,500,000 after acquiring an additional 11,632 shares during the period. Franklin Resources Inc. lifted its position in Hershey by 33.6% during the 4th quarter. Franklin Resources Inc. now owns 52,478 shares of the company’s stock worth $5,956,000 after acquiring an additional 13,194 shares during the period. Advisor Group Inc. lifted its position in Hershey by 4.8% during the 4th quarter. Advisor Group Inc. now owns 29,083 shares of the company’s stock worth $3,302,000 after acquiring an additional 1,322 shares during the period. Finally, Quantitative Investment Management LLC acquired a new stake in Hershey during the 4th quarter worth approximately $3,098,000. 52.60% of the stock is owned by institutional investors.
Hershey Co (NYSE HSY) opened at $100.07 on Tuesday. The stock has a market capitalization of $21,262.89, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.18 and a beta of 0.36. Hershey Co has a 1-year low of $95.21 and a 1-year high of $116.49. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 2.21.
Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Hershey had a return on equity of 116.74% and a net margin of 10.42%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. analysts predict that Hershey Co will post 5.36 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, February 22nd. Hershey’s payout ratio is 71.58%.
Several analysts have recently commented on the company. Zacks Investment Research cut Hershey from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Royal Bank of Canada reissued a “hold” rating and issued a $122.00 price target on shares of Hershey in a report on Friday, December 22nd. Sanford C. Bernstein set a $124.00 price target on Hershey and gave the company a “buy” rating in a report on Tuesday, December 19th. Berenberg Bank raised Hershey from a “sell” rating to a “hold” rating and set a $90.00 price target for the company in a report on Monday, December 18th. Finally, Susquehanna Bancshares set a $113.00 price target on Hershey and gave the company a “hold” rating in a report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $111.53.
In other Hershey news, CEO Michele Buck sold 400 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $111.55, for a total transaction of $44,620.00. Following the completion of the transaction, the chief executive officer now owns 163,697 shares of the company’s stock, valued at $18,260,400.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.92% of the company’s stock.
Hershey Company Profile
The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.
Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Co (NYSE:HSY).
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.