Hershey Company (The) (HSY) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its position in shares of Hershey Company (The) (NYSE:HSY) by 274.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,398 shares of the company’s stock after acquiring an additional 8,351 shares during the period. Stratos Wealth Partners LTD.’s holdings in Hershey Company (The) were worth $1,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WFG Advisors LP raised its position in shares of Hershey Company (The) by 25.2% during the second quarter. WFG Advisors LP now owns 998 shares of the company’s stock valued at $107,000 after buying an additional 201 shares during the last quarter. Sun Life Financial INC raised its position in shares of Hershey Company (The) by 12,637.5% during the second quarter. Sun Life Financial INC now owns 1,019 shares of the company’s stock valued at $109,000 after buying an additional 1,011 shares during the last quarter. QCI Asset Management Inc. NY raised its position in shares of Hershey Company (The) by 10.8% during the second quarter. QCI Asset Management Inc. NY now owns 1,024 shares of the company’s stock valued at $110,000 after buying an additional 100 shares during the last quarter. Fiduciary Trust Co. acquired a new position in shares of Hershey Company (The) during the second quarter valued at about $125,000. Finally, Dupont Capital Management Corp acquired a new position in shares of Hershey Company (The) during the second quarter valued at about $174,000. 50.22% of the stock is owned by institutional investors and hedge funds.

Hershey Company (HSY) traded up $2.28 on Friday, hitting $109.70. 1,202,600 shares of the stock traded hands, compared to its average volume of 1,031,360. Hershey Company has a twelve month low of $95.68 and a twelve month high of $116.49. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.95 and a quick ratio of 0.55. The company has a market capitalization of $22,629.96, a PE ratio of 21.92, a P/E/G ratio of 2.92 and a beta of 0.36.

Hershey Company (The) (NYSE:HSY) last released its quarterly earnings results on Thursday, October 26th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. Hershey Company (The) had a net margin of 9.52% and a return on equity of 124.06%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. Hershey Company (The)’s revenue was up 1.5% compared to the same quarter last year. sell-side analysts anticipate that Hershey Company will post 4.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be paid a $0.656 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.62 dividend on an annualized basis and a yield of 2.39%. Hershey Company (The)’s payout ratio is presently 77.98%.

Hershey Company (The) announced that its board has authorized a stock buyback program on Thursday, October 26th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In other Hershey Company (The) news, SVP D Michael Wege sold 15,517 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $108.18, for a total value of $1,678,629.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michele Buck sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $108.00, for a total transaction of $43,200.00. Following the completion of the transaction, the insider now directly owns 165,697 shares in the company, valued at $17,895,276. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,534,049 shares of company stock worth $480,760,013. Insiders own 0.92% of the company’s stock.

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A number of research analysts have recently commented on HSY shares. BMO Capital Markets reaffirmed a “hold” rating and set a $105.00 price objective on shares of Hershey Company (The) in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Susquehanna Bancshares Inc set a $113.00 price target on shares of Hershey Company (The) and gave the stock a “hold” rating in a research report on Thursday, October 26th. Citigroup Inc. increased their price target on shares of Hershey Company (The) from $126.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, UBS AG dropped their price target on shares of Hershey Company (The) from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.35.

Hershey Company (The) Company 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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