Hershey Co (HSY) Major Shareholder Sells $79,110,049.17 in Stock

Hershey Co (NYSE:HSY) major shareholder Hershey Trust Co Trustee In Tr sold 617,613 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $128.09, for a total transaction of $79,110,049.17. Following the transaction, the insider now owns 1,199,988 shares in the company, valued at approximately $153,706,462.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Hershey Trust Co Trustee In Tr also recently made the following trade(s):

  • On Tuesday, May 14th, Hershey Trust Co Trustee In Tr sold 583,012 shares of Hershey stock. The shares were sold at an average price of $127.00, for a total transaction of $74,042,524.00.
  • On Friday, May 10th, Hershey Trust Co Trustee In Tr sold 463,856 shares of Hershey stock. The shares were sold at an average price of $125.49, for a total transaction of $58,209,289.44.
  • On Wednesday, May 8th, Hershey Trust Co Trustee In Tr sold 556,917 shares of Hershey stock. The shares were sold at an average price of $124.22, for a total transaction of $69,180,229.74.
  • On Monday, May 6th, Hershey Trust Co Trustee In Tr sold 410,468 shares of Hershey stock. The shares were sold at an average price of $122.77, for a total transaction of $50,393,156.36.
  • On Thursday, May 2nd, Hershey Trust Co Trustee In Tr sold 360,715 shares of Hershey stock. The shares were sold at an average price of $123.09, for a total transaction of $44,400,409.35.

Shares of NYSE:HSY opened at $128.90 on Friday. Hershey Co has a twelve month low of $89.29 and a twelve month high of $129.67. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.59 and a current ratio of 0.92. The company has a market capitalization of $26.83 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 2.82 and a beta of 0.18.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.11. Hershey had a net margin of 14.44% and a return on equity of 90.64%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the company earned $1.41 EPS. Hershey’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that Hershey Co will post 5.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be issued a $0.722 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.89 annualized dividend and a yield of 2.24%. Hershey’s dividend payout ratio (DPR) is presently 53.92%.

Large investors have recently modified their holdings of the stock. Bremer Trust National Association purchased a new stake in Hershey in the 4th quarter worth approximately $29,000. Claybrook Capital LLC purchased a new stake in Hershey in the 4th quarter worth approximately $29,000. Trustcore Financial Services LLC purchased a new stake in Hershey in the 1st quarter worth approximately $29,000. Oregon Public Employees Retirement Fund boosted its position 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 worth $32,000 after purchasing an additional 3,423,036 shares in the last quarter. Finally, Acima Private Wealth LLC purchased a new stake in Hershey in the 4th quarter worth approximately $33,000. Institutional investors own 53.61% of the company’s stock.

Several research firms have recently issued reports on HSY. Zacks Investment Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a report on Thursday. Credit Suisse Group set a $123.00 price objective on shares of Hershey and gave the company a “hold” rating in a report on Friday, April 26th. BMO Capital Markets upped their price objective on shares of Hershey from $93.00 to $108.00 and gave the company a “market perform” rating in a report on Friday, April 26th. UBS Group set a $100.00 price target on shares of Hershey and gave the stock a “sell” rating in a report on Friday, April 26th. Finally, Barclays increased their price target on shares of Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $113.27.

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

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