Coastal Investment Advisors Inc. bought a new position in shares of The Hershey Company (NYSE: HSY – Get Rating) in the first quarter, reports HoldingsChannel.com. The company bought 938 shares of the company’s stock worth approximately $ 203,000.
A number of other institutional investors have also added or reduced their stakes in the business. Hexagon Capital Partners LLC increased its stake in Hershey by 3.1% in the first quarter. Hexagon Capital Partners LLC already owns 2,433 shares of the company’s $ 527,000 stock after buying an additional 74 shares in the last quarter. Capital Investment Advisors LLC increased its stake in Hershey by 3.7% in the first quarter. Capital Investment Advisors LLC now owns 2,204 shares of the company’s stock worth $ 477,000 after buying an additional 78 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Hershey in the first quarter worth approximately $ 358,000. CAPROCK Group Inc. acquired a new stake in Hershey in the first quarter worth approximately $ 231,000. Finally, NuWave Investment Management LLC acquired a new stake in Hershey in the first quarter worth approximately $ 146,000. Institutional investors own 52.96% of the company’s shares.
A number of research firms have published reports on HSY. Deutsche Bank Aktiengesellschaft raised its target price for Hershey shares from $ 210.00 to $ 218.00 in a report on Friday, April 29. Royal Bank of Canada raised its target for Hershey stock prices from $ 214.00 to $ 237.00 in a research report on Friday, April 29. UBS Group began covering Hershey’s shares in a research report on Wednesday, March 30th. They issued a “neutral” rating and a target price of $ 226.00 per share. Mizuho raised its target for Hershey stock prices from $ 200.00 to $ 210.00 in a research report on Friday, April 29. Finally, BMO Capital Markets raised its target for Hershey’s stock prices from $ 215.00 to $ 255.00 in a research report on Friday, April 29. Six investment analysts rated the shares with a retention rating, and nine assigned a share purchase rating. According to MarketBeat.com, the shares currently have an average rating of “Moderate buying” and an average target price of $ 219.00.
HSY opened at $ 220.96 on Friday. The company has a fast ratio of 0.56, a current ratio of 0.96 and a debt to equity ratio of 1.40. The Hershey Company has a 52-week low of $ 167.80 and a 52-week high of $ 231.60. The company has a 50-day moving average of $ 216.67 and a two-day moving average of $ 207.68. The company has a market capitalization of $ 335.75 billion, a P / E ratio of 28.40, a P / E / G ratio of 3.54 and a beta ratio of 0.36.
Hershey (NYSE: HSY – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $ 2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 2.10 by $ 0.43. Hershey had a net margin of 17.29% and a return on equity of 61.65%. The company had revenue of $ 2.67 billion in the quarter, compared to the consensus estimate of $ 2.49 billion. During the same period last year, the company earned $ 1.92 earnings per share. Hershey’s revenue for the quarter increased 16.1% year on year. Research analysts expect The Hershey Company to report 8.03 earnings per share for the current year.
The company also recently unveiled a three-month dividend that was paid on Wednesday (June 15th). The record shareholders on Friday, May 20, received a dividend of $ 0.901 per share. The date of the former dividend of this dividend was Thursday, May 19. This represents a $ 3.60 annual dividend and a yield of 1.63%. Hershey’s dividend payout ratio is currently 46.27%.
In other news, CEO Michelle Buck sold 5,000 shares of the business in a deal on Tuesday (June 7th). The shares were sold at an average price of $ 209.15, for a total transaction of $ 1,045,750.00. Following the deal, the CEO now directly owns 185,555 shares of the company’s stock worth $ 38,808,828.25. The transaction is disclosed in SEC documentation, which is available on the SEC website. Also, SVP Jason Rayman sold 150 shares of the business shares in a deal on Monday, May 9th. The shares were sold at an average price of $ 224.75, for a total transaction of $ 33,712.50. Following the deal, the senior vice president now directly owns 16,467 shares in the company worth $ 3,700,958.25. The disclosure for this sale can be found here. In the past three months, insiders have sold 15,800 shares of the company worth $ 3,455,486. Corporate insiders own 0.34% of the company’s shares.
Hershey’s profile (Get a rating)
Hershey, together with its subsidiaries, manufactures and sells confectionery and pantry items in the United States and internationally. The company operates in three segments: North American Confectionery, North American Salty Snacks and International. Offers chocolate and non-chocolate confectionery; chewing gum and refreshing mint products, including mint, chewing gum and bubble gum; closet items, such as baking ingredients, garnishes, beverages and pastry syrups; and snacks, including spreads, meat snacks, bars and snacks, mixes, popcorn and protein bars.
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