According to the latest 13F filing by the Securities and Exchange Commission, the company increased its share price (by 45.6%) in the fourth quarter. The company owned 3,958 of the stock of the company after selling 3,312 during the period. As of the most recent Securities and Exchange Commission filing, Banque Cantonale Vaudoise held Hershey stock worth $917,000.
Several large investors also changed their positions on HSY. HM Payson & Co. increased its position in Hershey during the fourth-quarter by 1.5%. HM Payson & Co. owns now 3,145 shares valued at $728,000, after buying 45 additional shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in Hershey in the fourth-quarter by 0.6%. Thoroughbred Financial Services LLC owns 7,838 of the company’s shares valued at $1.815,000, after purchasing 46 additional shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in Hershey in the fourth-quarter by 0.6%. Town & Country Bank & Trust CO dba First Bankers Trust CO owns 8,540 of the company’s stock worth $1,978,000. This is after acquiring 50 additional shares in the last quarter. Allworth Financial LP increased its holdings in Hershey in the fourth-quarter by 2.9%. Allworth Financial LP owns now 1,779 shares valued at $412,000, after acquiring 50 additional shares during the fourth quarter. Archer Investment Corp increased its stake in Hershey during the fourth-quarter by 9.9%. Archer Investment Corp owns 555 of the company’s shares worth $129,000, after purchasing an additional 50 in the last quarter. The company sold 14,251 of its shares in a deal that took place on Monday, 15th May. The stock was bought at $271.00 on average, for a value of $3862,021.00. The chief executive now owns directly 131,751 of the company's shares, worth $35,704,521. In a single transaction, Hershey sold 14,251 stock shares on Monday 15th May. The shares were bought at $271.00 on average, for a value of $3.862,021.00. After the sale was completed, the chief executives now owns 131 751 shares valued at 35 704,521. In a Friday, 24th February transaction, 555 shares were sold. The shares were purchased at a price of $238.92 on average, for a transaction total of $132.600.60. The senior vice president owns now 20,480 shares of the company valued at $4,893,081.60. Insiders have sold 54,266 company shares valued at $13,816,612 in the past 90 days. Insiders hold 0.34% the stock of their company.
Hershey Stock up 0.0 %
On Thursday, the price opened at $262.47. The company has a moving average of $261.28 for the last 50 days and $242.16 for the past two hundred days. The debt-to equity ratio for the company is 0.97. Its quick ratio is 0.47, and its current ratio 0.83. Hershey Company's 52-week low is $201.63 while its 52-week highest is $276.88. The company has a $53.65 billion market cap, a PEG of 3.61, and a PEG to earnings ratio of 31.85.
The company last released its results on April 27th. The company's earnings per share were $2.96, exceeding the analysts' consensus estimate of $2.67. Revenue was $2.99 billion, which is higher than the $2.91 billion consensus estimate. Hershey's net margin was 15.81%, and its return on equity was 57.99%. Hershey’s quarterly revenue increased 12.1% year-over-year. In the same quarter of last year, Hershey earned $2.53 per share. Analysts predict that The Hershey Company's earnings per share will be 9.49 for the current fiscal year.
Hershey Announces Dividend
A quarterly dividend was also announced by the firm, and will be paid out on June 15th. Investors who held shares on Friday, May 19, will receive a dividend per share of $1.036. Thursday, May 18, is the ex-dividend day. This is a $4.14 dividend with a yield of 1.58 percent. Hershey has a payout ratio of 50.24%.
Wall Street analysts weigh in
Several brokerages have recently published reports on HSY. Wells Fargo & Company raised their price target for shares of Hershey to $275.00 in a report published on Friday, April 28, and gave the stock an 'equal-weight' rating. Credit Suisse Group raised their target price for shares of Hershey to $260.00 in a research report on Friday, Feb. 3rd. The stock was also given an 'outperform rating'. In a research report published on Friday, 28th April, 92 Resources reiterated a maintains' ratings on Hershey shares. Hershey was the subject of a research report published on Thursday 18th May. They gave the company a "buy" rating. Twelve equity research analysts have given the stock a hold recommendation and five others have given it a buy recommendation. According to MarketBeat.com the stock has an average rating 'Hold,' with an average price target of $265.06.
Hershey Co is a confectionery company that manufactures and markets chocolate, mints, and sweets. The company operates in two geographical segments: North America and International and Other. North America is the region responsible for the company's traditional chocolate and nonchocolate confectionery markets, as well its grocery and snack market positions in the United States, Canada, and Mexico.
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