Van Hulzen Asset Management LLC Sells 23,045 Shares of The Hershey Company (NYSE:HSY)

Van Hulzen Asset Management LLC lowered its stake in The Hershey Company (NYSE:HSYFree Report) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,329 shares of the company’s stock after selling 23,045 shares during the period. Hershey makes up 1.3% of Van Hulzen Asset Management LLC’s holdings, making the stock its 23rd biggest holding. Van Hulzen Asset Management LLC’s holdings in Hershey were worth $18,705,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB raised its position in Hershey by 143.7% during the 3rd quarter. Nordea Investment Management AB now owns 2,465,403 shares of the company’s stock worth $496,039,000 after purchasing an additional 1,453,819 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Hershey by 18,495.8% in the 4th quarter. International Assets Investment Management LLC now owns 295,673 shares of the company’s stock valued at $55,125,000 after purchasing an additional 294,083 shares during the last quarter. 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. Trexquant Investment LP acquired a new position in Hershey in the third quarter valued at $33,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Hershey by 270.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 197,312 shares of the company’s stock valued at $39,478,000 after acquiring an additional 144,103 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Analysts Set New Price Targets

HSY has been the topic of several research analyst reports. Barclays upped their target price on Hershey from $200.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Citigroup cut their target price on shares of Hershey from $213.00 to $199.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of Hershey from $185.00 to $193.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Edward Jones restated a “hold” rating on shares of Hershey in a research note on Friday, April 19th. Finally, Stifel Nicolaus upped their price target on Hershey from $195.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $213.06.

Read Our Latest Analysis on Hershey

Hershey Stock Performance

Shares of HSY traded up $4.69 during mid-day trading on Friday, hitting $204.78. The stock had a trading volume of 1,770,069 shares, compared to its average volume of 1,840,505. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.97 and a quick ratio of 0.64. The firm has a market cap of $41.76 billion, a P/E ratio of 20.30, a PEG ratio of 3.01 and a beta of 0.33. The Hershey Company has a 52 week low of $178.82 and a 52 week high of $275.62. The business has a fifty day moving average price of $192.82 and a 200-day moving average price of $190.97.

Hershey (NYSE:HSYGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The company reported $3.07 EPS for the quarter, beating the consensus estimate of $2.74 by $0.33. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.11 billion. Hershey had a net margin of 18.13% and a return on equity of 50.15%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.96 earnings per share. On average, equities research analysts expect that The Hershey Company will post 9.6 EPS for the current year.

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be given a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, May 16th. Hershey’s dividend payout ratio (DPR) is presently 54.31%.

Insider Buying and Selling

In other news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $185.83, for a total value of $278,745.00. Following the completion of the transaction, the chief financial officer now directly owns 38,728 shares in the company, valued at $7,196,824.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

About Hershey

(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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