Gateway Investment Advisers LLC Sells 307 Shares of Hershey Co (HSY)

Gateway Investment Advisers LLC lessened its position in shares of Hershey Co (NYSE:HSY) by 5.2% during the 1st quarter, HoldingsChannel reports. The firm owned 5,550 shares of the company’s stock after selling 307 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Hershey were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bremer Trust National Association acquired a new stake in Hershey in the 4th quarter valued at $29,000. Claybrook Capital LLC acquired a new stake in Hershey in the 4th quarter valued at $29,000. Csenge Advisory Group acquired a new stake in Hershey in the 3rd quarter valued at $31,000. Oregon Public Employees Retirement Fund boosted its stake in Hershey by 10,179.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock valued at $32,000 after buying an additional 3,423,036 shares in the last quarter. Finally, Acima Private Wealth LLC acquired a new stake in Hershey in the 4th quarter valued at $33,000. 52.41% of the stock is currently owned by institutional investors.

In other news, CFO Patricia A. Little sold 7,208 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.25, for a total transaction of $837,930.00. Following the completion of the transaction, the chief financial officer now directly owns 56,366 shares of the company’s stock, valued at $6,552,547.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patricia A. Little sold 5,433 shares of the company’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $114.62, for a total value of $622,730.46. Following the transaction, the chief financial officer now directly owns 54,591 shares of the company’s stock, valued at $6,257,220.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,793 shares of company stock valued at $4,649,485. Insiders own 0.87% of the company’s stock.

Several brokerages recently commented on HSY. Zacks Investment Research raised Hershey from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Monday, December 31st. Bank of America raised Hershey from an “underperform” rating to a “buy” rating and boosted their price target for the company from $92.00 to $120.00 in a research note on Wednesday, December 19th. Finally, ValuEngine downgraded Hershey from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Hershey currently has a consensus rating of “Hold” and a consensus target price of $103.36.

HSY stock opened at $116.75 on Thursday. The firm has a market cap of $24.36 billion, a PE ratio of 21.78, a PEG ratio of 2.43 and a beta of 0.15. Hershey Co has a twelve month low of $89.10 and a twelve month high of $117.22. The company has a quick ratio of 0.60, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.

Hershey (NYSE:HSY) last released its earnings results on Thursday, January 31st. The company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.01). Hershey had a return on equity of 95.97% and a net margin of 15.11%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, equities research analysts predict that Hershey Co will post 5.65 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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