Owlhouse Capital LP raised its stake in Hershey Company (The) (NYSE:HSY – Free Report) by 285.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,800 shares of the company’s stock after purchasing an additional 24,300 shares during the period. Hershey accounts for approximately 9.1% of Owlhouse Capital LP’s investment portfolio, making the stock its 2nd biggest position. Owlhouse Capital LP’s holdings in Hershey were worth $6,819,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of HSY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hershey by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,310 shares of the company’s stock valued at $2,618,000 after purchasing an additional 937 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Hershey by 20.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the company’s stock valued at $116,000 after purchasing an additional 117 shares during the period. Gamco Investors INC. ET AL acquired a new position in Hershey in the 2nd quarter valued at $267,000. Bank of Nova Scotia increased its position in Hershey by 4.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,927 shares of the company’s stock worth $2,975,000 after buying an additional 769 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Hershey by 5.4% during the second quarter. Daiwa Securities Group Inc. now owns 22,247 shares of the company’s stock worth $3,692,000 after buying an additional 1,149 shares in the last quarter. 57.96% of the stock is owned by institutional investors.
Insider Activity at Hershey
In other news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $173.43, for a total transaction of $260,145.00. Following the sale, the chief financial officer directly owned 54,695 shares in the company, valued at approximately $9,485,753.85. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Report on Hershey
Hershey Stock Up 0.1%
Shares of HSY opened at $174.43 on Monday. The firm has a 50 day simple moving average of $180.34 and a two-hundred day simple moving average of $196.90. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.77. Hershey Company has a one year low of $161.43 and a one year high of $239.48. The company has a market cap of $35.38 billion, a P/E ratio of 32.48, a P/E/G ratio of 1.09 and a beta of 0.11.
Hershey (NYSE:HSY – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.04 by $0.31. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.03 billion. Hershey had a net margin of 9.12% and a return on equity of 28.98%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. Research analysts forecast that Hershey Company will post 8.42 EPS for the current fiscal year.
Hershey Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were issued a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 15th. Hershey’s dividend payout ratio is presently 108.19%.
Hershey Profile
The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.
Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.
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