Willingdon Wealth Management Increases Position in Hershey Co (HSY)

Willingdon Wealth Management boosted its stake in Hershey Co (NYSE:HSY) by 2.5% during the first quarter, Holdings Channel reports. The institutional investor owned 32,192 shares of the company’s stock after buying an additional 785 shares during the period. Willingdon Wealth Management’s holdings in Hershey were worth $3,697,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bremer Trust National Association bought a new stake in shares of Hershey during the 4th quarter worth approximately $29,000. Claybrook Capital LLC bought a new stake in shares of Hershey during the 4th quarter worth approximately $29,000. Trustcore Financial Services LLC bought a new stake in shares of Hershey during the 1st quarter worth approximately $29,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Hershey by 10,179.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock worth $32,000 after acquiring an additional 3,423,036 shares during the period. Finally, Acima Private Wealth LLC bought a new stake in shares of Hershey during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 53.04% of the company’s stock.

A number of analysts have recently weighed in on HSY shares. Credit Suisse Group set a $123.00 price target on shares of Hershey and gave the stock a “hold” rating in a report on Friday, April 26th. ValuEngine raised shares of Hershey from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Zacks Investment Research downgraded shares of Hershey from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. UBS Group set a $100.00 price target on shares of Hershey and gave the stock a “sell” rating in a report on Friday, April 26th. Finally, BMO Capital Markets upped their price target on shares of Hershey from $93.00 to $108.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $113.27.

In related news, VP Javier H. Idrovo sold 7,385 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $120.00, for a total transaction of $886,200.00. Following the completion of the transaction, the vice president now directly owns 33,336 shares in the company, valued at approximately $4,000,320. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anthony J. Palmer sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $130.43, for a total transaction of $652,150.00. Following the transaction, the director now owns 10,014 shares of the company’s stock, valued at $1,306,126.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,604,898 shares of company stock valued at $453,570,730. 0.41% of the stock is owned by corporate insiders.

HSY stock traded down $0.03 during trading on Friday, reaching $130.19. 963,769 shares of the company were exchanged, compared to its average volume of 1,207,608. The stock has a market cap of $27.18 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 2.86 and a beta of 0.18. Hershey Co has a twelve month low of $89.29 and a twelve month high of $131.79. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.11. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. Hershey had a net margin of 14.44% and a return on equity of 90.64%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. On average, equities research analysts anticipate that Hershey Co will post 5.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a dividend of $0.722 per share. This represents a $2.89 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, May 23rd. Hershey’s dividend payout ratio is 53.92%.

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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.

Read More: Net Income

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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