Accident Compensation Corp Has $2.71 Million Holdings in Hershey Company (The) (HSY)

Accident Compensation Corp raised its position in Hershey Company (The) (NYSE:HSY) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,231 shares of the company’s stock after buying an additional 1,600 shares during the period. Accident Compensation Corp’s holdings in Hershey Company (The) were worth $2,709,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. QCI Asset Management Inc. NY raised its stake in shares of Hershey Company (The) by 10.8% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,024 shares of the company’s stock valued at $110,000 after purchasing an additional 100 shares in the last quarter. Fiduciary Trust Co. acquired a new stake in shares of Hershey Company (The) in the 2nd quarter valued at about $125,000. Invictus RG acquired a new stake in shares of Hershey Company (The) in the 1st quarter valued at about $155,000. Independent Portfolio Consultants Inc. raised its stake in shares of Hershey Company (The) by 139.5% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock valued at $163,000 after purchasing an additional 886 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its stake in shares of Hershey Company (The) by 43.6% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after purchasing an additional 475 shares in the last quarter. 51.39% of the stock is owned by institutional investors.

In other news, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $110.11, for a total transaction of $44,044.00. Following the sale, the insider now directly owns 166,497 shares in the company, valued at approximately $18,332,984.67. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Leslie M. Turner sold 6,373 shares of Hershey Company (The) stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $112.00, for a total transaction of $713,776.00. Following the sale, the senior vice president now owns 80,909 shares in the company, valued at $9,061,808. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,509,773 shares of company stock worth $478,121,705. 0.92% of the stock is owned by company insiders.

Hershey Company (HSY) traded up 1.08% during midday trading on Friday, reaching $110.50. 1,224,543 shares of the company traded hands. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The firm has a market capitalization of $23.48 billion, a price-to-earnings ratio of 35.30 and a beta of 0.38. The firm’s 50 day moving average price is $106.42 and its 200 day moving average price is $108.51.

Hershey Company (The) (NYSE:HSY) last issued its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating 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 business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. On average, analysts expect that Hershey Company will post $4.82 earnings per share for the current year.

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

A number of equities research analysts have recently issued reports on the stock. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $115.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research note on Friday, June 2nd. BidaskClub lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Wednesday, June 28th. J P Morgan Chase & Co restated a “neutral” rating and issued a $116.00 target price (down previously from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Finally, Credit Suisse Group restated a “buy” rating and issued a $121.00 target price on shares of Hershey Company (The) in a research note on Friday, July 28th. 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 company. The stock currently has an average rating of “Hold” and a consensus target price of $111.48.

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About Hershey Company (The)

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.

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

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