Hendley & Co. Inc. Has $5.02 Million Holdings in Hershey Co (NYSE:HSY)

Hendley & Co. Inc. raised its position in Hershey Co (NYSE:HSY) by 0.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 43,718 shares of the company’s stock after buying an additional 305 shares during the quarter. Hershey accounts for 2.6% of Hendley & Co. Inc.’s holdings, making the stock its 15th largest position. Hendley & Co. Inc.’s holdings in Hershey were worth $5,020,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HSY. Oregon Public Employees Retirement Fund boosted its holdings in Hershey by 10,179.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock valued at $32,000 after purchasing an additional 3,423,036 shares during the period. Norges Bank bought a new stake in shares of Hershey during the 4th quarter worth $142,502,000. BlackRock Inc. lifted its holdings in shares of Hershey by 8.4% during the 4th quarter. BlackRock Inc. now owns 13,764,673 shares of the company’s stock worth $1,475,299,000 after acquiring an additional 1,070,632 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hershey by 365.2% during the 1st quarter. JPMorgan Chase & Co. now owns 953,783 shares of the company’s stock worth $109,523,000 after acquiring an additional 748,757 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Hershey by 9.8% during the 4th quarter. FMR LLC now owns 6,142,122 shares of the company’s stock worth $658,314,000 after acquiring an additional 550,341 shares during the last quarter. 53.56% of the stock is owned by hedge funds and other institutional investors.

Shares of HSY opened at $138.32 on Monday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59. The stock has a market cap of $28.88 billion, a P/E ratio of 25.81, a P/E/G ratio of 3.03 and a beta of 0.11. Hershey Co has a 1-year low of $90.52 and a 1-year high of $139.34.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.11. Hershey had a net margin of 14.44% and a return on equity of 90.64%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that Hershey Co will post 5.7 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were paid a $0.722 dividend. This represents a $2.89 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, May 23rd. Hershey’s dividend payout ratio is currently 53.92%.

In related news, Director Anthony J. Palmer sold 5,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $130.43, for a total value of $652,150.00. Following the completion of the transaction, the director now directly owns 10,014 shares in the company, valued at approximately $1,306,126.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michele Buck sold 1,500 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.01, for a total transaction of $207,015.00. Following the completion of the transaction, the chief executive officer now owns 159,929 shares of the company’s stock, valued at $22,071,801.29. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,100 shares of company stock valued at $401,990 and sold 3,628,751 shares valued at $457,274,702. Insiders own 0.41% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Hershey from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Thursday, May 16th. Credit Suisse Group set a $123.00 price target on shares of Hershey and gave the stock a “hold” rating in a research note on Friday, April 26th. Evercore ISI began coverage on shares of Hershey in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $145.00 price objective on the stock. UBS Group set a $100.00 price objective on shares of Hershey and gave the company a “sell” rating in a research report on Friday, April 26th. Finally, Barclays boosted their price target on shares of Hershey from $103.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $116.50.

TRADEMARK VIOLATION NOTICE: This story was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://transcriptdaily.com/2019/06/17/hendley-co-inc-has-5-02-million-holdings-in-hershey-co-nysehsy.html.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

Further Reading: Strike Price

Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Co (NYSE:HSY).

Institutional Ownership by Quarter for Hershey (NYSE:HSY)

Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.