Axa Has $11.68 Million Holdings in Hershey Co (HSY)

Axa raised its holdings in shares of Hershey Co (NYSE:HSY) by 59.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,503 shares of the company’s stock after acquiring an additional 42,600 shares during the quarter. Axa owned about 0.05% of Hershey worth $11,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new position in shares of Hershey during the 2nd quarter valued at approximately $335,000. First Quadrant L P CA boosted its stake in shares of Hershey by 45.2% during the 2nd quarter. First Quadrant L P CA now owns 279,027 shares of the company’s stock valued at $25,966,000 after buying an additional 86,922 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Hershey during the 2nd quarter valued at approximately $148,000. Northstar Group Inc. purchased a new position in shares of Hershey during the 2nd quarter valued at approximately $239,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Hershey during the 2nd quarter valued at approximately $948,000. 52.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of HSY opened at $106.21 on Monday. Hershey Co has a 12-month low of $89.10 and a 12-month high of $115.82. The firm has a market cap of $22.27 billion, a P/E ratio of 22.31, a PEG ratio of 2.33 and a beta of 0.17. The company has a current ratio of 1.01, a quick ratio of 0.69 and a debt-to-equity ratio of 2.60.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, October 25th. The company reported $1.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.55. Hershey had a return on equity of 102.30% and a net margin of 13.20%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.08 billion. As a group, analysts predict that Hershey Co will post 5.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.722 per share. This represents a $2.89 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, November 20th. Hershey’s dividend payout ratio (DPR) is presently 60.71%.

Several equities analysts have recently commented on the company. ValuEngine upgraded Hershey from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Credit Suisse Group set a $85.00 target price on Hershey and gave the company a “sell” rating in a research note on Wednesday, August 29th. Susquehanna Bancshares increased their target price on Hershey from $109.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, October 23rd. Zacks Investment Research upgraded Hershey from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Monday, October 8th. Finally, Piper Jaffray Companies set a $100.00 target price on Hershey and gave the company a “hold” rating in a research note on Wednesday, August 29th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $103.81.

In other Hershey news, insider Michele Buck sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $102.82, for a total value of $154,230.00. Following the sale, the insider now directly owns 172,394 shares in the company, valued at $17,725,551.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Patricia A. Little sold 17,589 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $103.00, for a total value of $1,811,667.00. Following the completion of the sale, the chief financial officer now owns 37,086 shares in the company, valued at $3,819,858. The disclosure for this sale can be found here. Insiders have sold 90,881 shares of company stock worth $9,579,554 over the last 90 days. 0.92% of the stock is currently owned by company insiders.

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About Hershey

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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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