Aberdeen Asset Management PLC UK Increases Holdings in Hershey Company (The) (HSY)

Aberdeen Asset Management PLC UK raised its position in shares of Hershey Company (The) (NYSE:HSY) by 19.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,231 shares of the company’s stock after buying an additional 6,267 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Hershey Company (The) were worth $4,212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in Hershey Company (The) by 12.8% during the second quarter. Franklin Resources Inc. now owns 36,505 shares of the company’s stock valued at $3,921,000 after buying an additional 4,139 shares in the last quarter. Eaton Vance Management raised its stake in Hershey Company (The) by 0.5% during the second quarter. Eaton Vance Management now owns 557,089 shares of the company’s stock valued at $59,815,000 after buying an additional 2,560 shares in the last quarter. CIBC World Markets Inc. raised its stake in Hershey Company (The) by 34.7% during the second quarter. CIBC World Markets Inc. now owns 25,108 shares of the company’s stock valued at $2,696,000 after buying an additional 6,469 shares in the last quarter. WMS Partners LLC acquired a new stake in Hershey Company (The) during the second quarter valued at approximately $295,000. Finally, Fiduciary Trust Co. acquired a new stake in Hershey Company (The) during the second quarter valued at approximately $125,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

In related news, insider Michele Buck sold 400 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $110.11, for a total value of $44,044.00. Following the completion of the transaction, the insider now owns 166,497 shares in the company, valued at approximately $18,332,984.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Leslie M. Turner sold 6,373 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $112.00, for a total transaction of $713,776.00. Following the completion of the transaction, the senior vice president now owns 80,909 shares of the company’s stock, valued at approximately $9,061,808. The disclosure for this sale can be found here. Insiders sold a total of 4,509,773 shares of company stock valued at $478,121,705 in the last 90 days. 0.92% of the stock is currently owned by corporate insiders.

Hershey Company (NYSE HSY) opened at 110.50 on Friday. The company has a 50-day moving average price of $106.42 and a 200-day moving average price of $108.51. Hershey Company has a one year low of $94.03 and a one year high of $116.49. The company has a market capitalization of $23.48 billion, a price-to-earnings ratio of 35.30 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.19. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company posted $0.85 EPS. Hershey Company (The)’s revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Hershey Company will post $4.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a $0.656 dividend. This represents a $2.62 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Wednesday, August 23rd. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s payout ratio is 83.44%.

Several brokerages have issued reports on HSY. J P Morgan Chase & Co restated a “neutral” rating and set a $116.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Credit Suisse Group restated a “buy” rating and set a $121.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 28th. Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 price objective (up previously from $114.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Susquehanna Bancshares Inc set a $118.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG restated a “hold” rating and set a $111.00 price objective (down previously from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $111.48.

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Hershey Company (The) Profile

The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.

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Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)

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