Hershey Co (HSY) Stake Boosted by Bath Savings Trust Co

Bath Savings Trust Co grew its stake in shares of Hershey Co (NYSE:HSY) by 10.4% during the 4th quarter, HoldingsChannel reports. The fund owned 19,851 shares of the company’s stock after purchasing an additional 1,863 shares during the quarter. Bath Savings Trust Co’s holdings in Hershey were worth $2,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HSY. WFG Advisors LP increased its holdings in Hershey by 25.2% in the 2nd quarter. WFG Advisors LP now owns 998 shares of the company’s stock worth $107,000 after buying an additional 201 shares during the period. Sun Life Financial INC increased its holdings in Hershey by 12,637.5% in the 2nd quarter. Sun Life Financial INC now owns 1,019 shares of the company’s stock worth $109,000 after buying an additional 1,011 shares during the period. Fiduciary Trust Co. acquired a new position in Hershey in the 2nd quarter worth approximately $125,000. Valeo Financial Advisors LLC acquired a new position in Hershey in the 3rd quarter worth approximately $174,000. Finally, Acrospire Investment Management LLC increased its holdings in Hershey by 183.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the company’s stock worth $183,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 51.24% of the company’s stock.

In other 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 transaction of $1,678,629.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michele Buck sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the sale, the insider now directly owns 164,897 shares in the company, valued at approximately $17,808,876. The disclosure for this sale can be found here. Insiders have sold a total of 17,817 shares of company stock worth $1,932,295 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

HSY has been the topic of several research reports. Zacks Investment Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Friday, December 29th. Sanford C. Bernstein set a $124.00 price target on shares of Hershey and gave the stock a “buy” rating in a report on Tuesday, December 19th. Citigroup increased their price target on shares of Hershey from $126.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada reiterated a “hold” rating and issued a $122.00 price target on shares of Hershey in a report on Friday, December 22nd. Finally, Susquehanna Bancshares set a $113.00 price target on shares of Hershey and gave the stock a “hold” rating in a report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Hershey has an average rating of “Hold” and a consensus price target of $114.02.

Shares of Hershey Co (NYSE:HSY) traded down $0.28 during midday trading on Wednesday, hitting $113.78. 584,400 shares of the stock were exchanged, compared to its average volume of 760,883. The firm has a market cap of $23,400.00, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.38. Hershey Co has a twelve month low of $101.61 and a twelve month high of $116.49. The company has a quick ratio of 0.55, a current ratio of 0.95 and a debt-to-equity ratio of 2.45.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, October 26th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Hershey had a net margin of 9.52% and a return on equity of 124.06%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. equities analysts forecast that Hershey Co will post 4.8 EPS for the current year.

Hershey declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 26th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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About Hershey

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 (NYSE:HSY)

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