Iowa State Bank Sells 92 Shares of The Hershey Company (NYSE:HSY)

Iowa State Bank lessened its position in shares of The Hershey Company (NYSE:HSYFree Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,053 shares of the company’s stock after selling 92 shares during the period. Iowa State Bank’s holdings in Hershey were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Hershey by 1.5% during the third quarter. Vanguard Group Inc. now owns 14,911,173 shares of the company’s stock worth $2,983,427,000 after buying an additional 222,960 shares during the last quarter. State Street Corp raised its stake in Hershey by 1.6% during the second quarter. State Street Corp now owns 7,144,337 shares of the company’s stock worth $1,783,941,000 after buying an additional 111,357 shares during the last quarter. Geode Capital Management LLC raised its stake in Hershey by 9.1% during the first quarter. Geode Capital Management LLC now owns 3,489,322 shares of the company’s stock worth $886,746,000 after buying an additional 290,920 shares during the last quarter. Morgan Stanley raised its stake in Hershey by 57.2% during the fourth quarter. Morgan Stanley now owns 2,648,666 shares of the company’s stock worth $613,352,000 after buying an additional 964,019 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Hershey by 143.7% in the third quarter. Nordea Investment Management AB now owns 2,465,403 shares of the company’s stock valued at $496,039,000 after purchasing an additional 1,453,819 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. DA Davidson assumed coverage on shares of Hershey in a report on Friday, December 8th. They set a “neutral” rating and a $205.00 price objective on the stock. Morgan Stanley lowered shares of Hershey from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $191.00 to $183.00 in a report on Monday, February 12th. BNP Paribas lowered shares of Hershey from an “outperform” rating to a “neutral” rating and set a $208.00 price objective on the stock. in a report on Tuesday, March 26th. Sanford C. Bernstein upgraded shares of Hershey from a “market perform” rating to an “outperform” rating and set a $235.00 price objective on the stock in a report on Monday, January 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $213.00 price objective on shares of Hershey in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $225.48.

Get Our Latest Report on HSY

Insider Activity at Hershey

In other Hershey news, insider Charles R. Raup sold 2,065 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $191.85, for a total value of $396,170.25. Following the sale, the insider now directly owns 14,770 shares in the company, valued at approximately $2,833,624.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $197.90, for a total value of $296,850.00. Following the sale, the chief financial officer now directly owns 40,228 shares in the company, valued at approximately $7,961,121.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles R. Raup sold 2,065 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $191.85, for a total transaction of $396,170.25. Following the completion of the sale, the insider now owns 14,770 shares in the company, valued at $2,833,624.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,518 shares of company stock worth $1,066,414. 0.22% of the stock is owned by corporate insiders.

Hershey Stock Performance

Shares of Hershey stock traded up $2.28 on Tuesday, reaching $200.55. 1,991,491 shares of the company traded hands, compared to its average volume of 2,064,525. The Hershey Company has a 52 week low of $178.82 and a 52 week high of $276.88. The company has a 50 day moving average of $193.60 and a 200 day moving average of $192.37. The firm has a market capitalization of $40.90 billion, a PE ratio of 22.16, a PEG ratio of 2.98 and a beta of 0.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.97 and a quick ratio of 0.52.

Hershey (NYSE:HSYGet Free Report) last released its earnings results on Thursday, February 8th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.72 billion. Hershey had a net margin of 16.67% and a return on equity of 51.79%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.02 EPS. Equities analysts forecast that The Hershey Company will post 9.59 earnings per share for the current year.

Hershey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were paid a dividend of $1.37 per share. This is a boost from Hershey’s previous quarterly dividend of $1.19. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, February 16th. Hershey’s dividend payout ratio is presently 60.55%.

Hershey Profile

(Free Report)

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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