Insider Buying: Hershey Co (HSY) Insider Purchases 2,000 Shares of Stock

Hershey Co (NYSE:HSY) insider Todd W. Tillemans acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average price of $107.32 per share, for a total transaction of $214,640.00. Following the completion of the transaction, the insider now owns 10,878 shares in the company, valued at $1,167,426.96. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE HSY opened at $107.07 on Friday. The firm has a market cap of $22.58 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.36 and a beta of 0.17. Hershey Co has a one year low of $89.10 and a one year high of $115.82. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.69 and a current ratio of 1.01.

Hershey (NYSE:HSY) last issued its earnings results on Thursday, October 25th. The company reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.08 billion. Hershey had a net margin of 13.20% and a return on equity of 102.30%. Analysts forecast that Hershey Co will post 5.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.722 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.89 annualized dividend and a dividend yield of 2.70%. Hershey’s payout ratio is currently 60.71%.

Several hedge funds and other institutional investors have recently modified their holdings of HSY. Hamel Associates Inc. boosted its position in shares of Hershey by 17.5% in the 3rd quarter. Hamel Associates Inc. now owns 3,525 shares of the company’s stock worth $360,000 after buying an additional 525 shares in the last quarter. First National Trust Co boosted its position in shares of Hershey by 8.5% in the 3rd quarter. First National Trust Co now owns 6,756 shares of the company’s stock worth $689,000 after buying an additional 529 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Hershey by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 18,971 shares of the company’s stock worth $1,765,000 after buying an additional 541 shares in the last quarter. Domani Wealth LLC boosted its position in shares of Hershey by 9.0% in the 2nd quarter. Domani Wealth LLC now owns 6,652 shares of the company’s stock worth $619,000 after buying an additional 551 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Hershey by 4.6% in the 2nd quarter. CENTRAL TRUST Co now owns 13,461 shares of the company’s stock worth $1,253,000 after buying an additional 598 shares in the last quarter. Institutional investors own 52.73% of the company’s stock.

A number of equities analysts recently weighed in on HSY shares. Deutsche Bank set a $110.00 price objective on shares of Hershey and gave the company a “hold” rating in a research report on Friday, September 14th. Zacks Investment Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Monday, September 24th. Credit Suisse Group upgraded shares of Hershey from an “underperform” rating to a “neutral” rating and set a $104.00 price objective on the stock in a research report on Tuesday, October 30th. Morgan Stanley lifted their price objective on shares of Hershey from $93.00 to $98.00 and gave the company an “underweight” rating in a research report on Friday, July 27th. Finally, Stifel Nicolaus lifted their price objective on shares of Hershey from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $103.81.

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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.

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Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

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