Hershey Co (HSY) Position Cut by Brinker Capital Inc.

Brinker Capital Inc. reduced its position in Hershey Co (NYSE:HSY) by 15.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,864 shares of the company’s stock after selling 2,867 shares during the period. Brinker Capital Inc.’s holdings in Hershey were worth $1,700,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of HSY. Private Advisor Group LLC raised its holdings in Hershey by 27.3% in the 3rd quarter. Private Advisor Group LLC now owns 6,330 shares of the company’s stock valued at $646,000 after buying an additional 1,359 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Hershey by 2.5% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 473,738 shares of the company’s stock valued at $48,321,000 after buying an additional 11,365 shares during the period. JPMorgan Chase & Co. raised its holdings in Hershey by 6.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 129,031 shares of the company’s stock valued at $13,161,000 after buying an additional 8,063 shares during the period. Toronto Dominion Bank raised its holdings in Hershey by 1.0% in the 3rd quarter. Toronto Dominion Bank now owns 94,212 shares of the company’s stock valued at $9,608,000 after buying an additional 915 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Hershey by 6.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 33,282 shares of the company’s stock valued at $3,395,000 after buying an additional 1,922 shares during the period. Institutional investors and hedge funds own 51.66% of the company’s stock.

In other news, CEO Michele Buck sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $108.19, for a total transaction of $162,285.00. Following the completion of the transaction, the chief executive officer now directly owns 166,394 shares of the company’s stock, valued at $18,002,166.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Javier H. Idrovo sold 4,873 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $110.00, for a total value of $536,030.00. Following the transaction, the vice president now directly owns 21,436 shares of the company’s stock, valued at $2,357,960. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,152 shares of company stock valued at $3,184,565. 0.87% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on HSY. ValuEngine downgraded Hershey from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Zacks Investment Research raised Hershey from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Monday, December 31st. Finally, Bank of America raised Hershey from an “underperform” rating to a “buy” rating and lifted their target price for the company from $92.00 to $120.00 in a research report on Wednesday, December 19th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.25.

NYSE HSY opened at $109.33 on Wednesday. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.30 and a beta of 0.14. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.60. Hershey Co has a 1-year low of $89.10 and a 1-year high of $112.45.

Hershey (NYSE:HSY) last released its earnings results on Thursday, January 31st. The company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.01). The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.01 billion. Hershey had a net margin of 15.11% and a return on equity of 95.97%. During the same period in the prior year, the firm earned $1.03 earnings per share. On average, sell-side analysts forecast that Hershey Co will post 5.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 22nd were given a $0.722 dividend. This represents a $2.89 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, February 21st. Hershey’s dividend payout ratio is currently 53.92%.

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Hershey 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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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