Eubel Brady & Suttman Asset Management Inc. Purchases New Holdings in Hershey Company (The) $HSY

Eubel Brady & Suttman Asset Management Inc. purchased a new stake in Hershey Company (The) (NYSE:HSY) in the second quarter, Holdings Channel.com reports. The firm purchased 4,583 shares of the company’s stock, valued at approximately $761,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kennon Green & Company LLC increased its position in Hershey by 33.3% in the 1st quarter. Kennon Green & Company LLC now owns 43,146 shares of the company’s stock valued at $7,379,000 after acquiring an additional 10,784 shares during the period. William Allan Corp boosted its stake in Hershey by 173.1% during the 1st quarter. William Allan Corp now owns 18,593 shares of the company’s stock valued at $3,180,000 after purchasing an additional 11,785 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Hershey by 9.5% during the 1st quarter. IFM Investors Pty Ltd now owns 31,925 shares of the company’s stock worth $5,460,000 after acquiring an additional 2,757 shares in the last quarter. Nuveen LLC bought a new stake in shares of Hershey during the 1st quarter worth $55,269,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Hershey during the 2nd quarter worth $224,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analysts Set New Price Targets

HSY has been the topic of a number of research analyst reports. Morgan Stanley set a $193.00 price target on Hershey in a report on Thursday, October 16th. Bank of America lifted their price objective on Hershey from $175.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Mizuho lifted their price objective on Hershey from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. The Goldman Sachs Group raised Hershey from a “sell” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $222.00 in a research report on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hershey in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $177.67.

Hershey Trading Down 0.5%

Hershey stock opened at $180.53 on Wednesday. The business has a 50 day moving average price of $186.89 and a two-hundred day moving average price of $175.89. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The stock has a market cap of $36.60 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 4.36 and a beta of 0.26. Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03.

Hershey (NYSE:HSY) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.23. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $1.27 EPS. The company’s revenue was up 26.0% compared to the same quarter last year. As a group, equities analysts forecast that Hershey Company will post 6.12 EPS for the current year.

Insider Buying and Selling at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $187.52, for a total transaction of $281,280.00. Following the sale, the chief financial officer directly owned 56,819 shares in the company, valued at $10,654,698.88. This represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.28% of the company’s stock.

About Hershey

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.