The Hershey Company (NYSE:HSY) Shares Sold by Ossiam

Ossiam cut its stake in The Hershey Company (NYSE:HSY) by 18.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 18,521 shares of the company’s stock after selling 4,110 shares during the period. Ossiam’s holdings in The Hershey were worth $3,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alaethes Wealth LLC acquired a new stake in The Hershey in the second quarter valued at $26,000. Penserra Capital Management LLC acquired a new stake in The Hershey in the second quarter valued at $30,000. Parisi Gray Wealth Management acquired a new stake in The Hershey in the second quarter valued at $33,000. Capital Analysts LLC acquired a new stake in The Hershey in the second quarter valued at $35,000. Finally, Glassman Wealth Services raised its holdings in The Hershey by 116.5% in the second quarter. Glassman Wealth Services now owns 210 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares in the last quarter. 52.34% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Pamela M. Arway sold 288 shares of the stock in a transaction that occurred on Thursday, October 7th. The shares were sold at an average price of $179.12, for a total value of $51,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hershey Trust Co sold 5,500 shares of the stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $178.48, for a total transaction of $981,640.00. Following the completion of the sale, the insider now directly owns 59,330 shares of the company’s stock, valued at $10,589,218.40. The disclosure for this sale can be found here. Insiders have sold 22,221 shares of company stock valued at $3,939,955 over the last ninety days. Insiders own 0.32% of the company’s stock.

A number of brokerages have weighed in on HSY. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Hershey from $166.00 to $173.00 and gave the stock a “hold” rating in a report on Thursday, July 22nd. Credit Suisse Group increased their target price on shares of The Hershey from $180.00 to $194.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Morgan Stanley began coverage on shares of The Hershey in a report on Tuesday, September 21st. They set a “hold” rating and a $180.00 target price on the stock. BMO Capital Markets increased their target price on shares of The Hershey from $175.00 to $181.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Finally, The Goldman Sachs Group increased their target price on shares of The Hershey from $190.00 to $191.00 and gave the stock a “buy” rating in a report on Monday, October 4th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $178.33.

HSY traded down $0.14 on Thursday, reaching $180.01. The company had a trading volume of 1,541 shares, compared to its average volume of 885,236. The company has a fifty day moving average of $176.25 and a 200-day moving average of $172.51. The company has a market capitalization of $37.09 billion, a P/E ratio of 26.18, a PEG ratio of 3.30 and a beta of 0.36. The company has a current ratio of 1.40, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The Hershey Company has a one year low of $135.83 and a one year high of $182.71.

The Hershey (NYSE:HSY) last announced its earnings results on Thursday, July 29th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.85 billion. The Hershey had a net margin of 16.52% and a return on equity of 63.62%. Research analysts predict that The Hershey Company will post 6.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Friday, August 20th were given a dividend of $0.901 per share. This is a positive change from The Hershey’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 19th. This represents a $3.60 annualized dividend and a dividend yield of 2.00%. The Hershey’s dividend payout ratio (DPR) is 57.23%.

The Hershey Profile

The Hershey Co engages in the manufacture and market of chocolate and sugar confectionery products. The firm operates through the following geographical segments: North America; and International and Other. The North America segment is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada.

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

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