Mawer Investment Management Ltd. Grows Stake in Hershey Co (NYSE:HSY)

Mawer Investment Management Ltd. raised its stake in Hershey Co (NYSE:HSY) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 546,280 shares of the company’s stock after purchasing an additional 39,480 shares during the quarter. Mawer Investment Management Ltd. owned about 0.26% of Hershey worth $73,218,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HSY. Dimensional Fund Advisors LP grew its holdings in shares of Hershey by 23.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 634,859 shares of the company’s stock worth $68,042,000 after acquiring an additional 120,051 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Hershey by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 2,189,376 shares of the company’s stock worth $234,317,000 after purchasing an additional 249,155 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Hershey during the first quarter worth $200,000. Pennsylvania Trust Co boosted its holdings in shares of Hershey by 4.9% during the first quarter. Pennsylvania Trust Co now owns 64,857 shares of the company’s stock worth $7,448,000 after purchasing an additional 3,047 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of Hershey by 14.2% during the first quarter. Strs Ohio now owns 18,068 shares of the company’s stock worth $2,074,000 after purchasing an additional 2,242 shares during the last quarter. 52.96% of the stock is currently owned by institutional investors.

HSY has been the topic of several analyst reports. ValuEngine upgraded Hershey from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Credit Suisse Group raised their price objective on Hershey from $130.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Stifel Nicolaus raised their price objective on Hershey from $132.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Evercore ISI began coverage on Hershey in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $145.00 price objective on the stock. Finally, Zacks Investment Research lowered Hershey from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Hershey currently has a consensus rating of “Hold” and an average target price of $138.71.

In related news, insider Michele Buck sold 1,500 shares of Hershey stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $155.56, for a total value of $233,340.00. Following the completion of the transaction, the insider now directly owns 156,929 shares in the company, valued at $24,411,875.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hershey Trust Co sold 6,000 shares of Hershey stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $153.05, for a total value of $918,300.00. Following the completion of the transaction, the insider now owns 86,330 shares of the company’s stock, valued at $13,212,806.50. 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 132,076 shares valued at $18,288,174. 0.41% of the stock is currently owned by company insiders.

Shares of Hershey stock traded down $0.72 during trading hours on Friday, hitting $157.66. 11,798 shares of the company’s stock traded hands, compared to its average volume of 1,199,955. The stock has a 50 day simple moving average of $148.52 and a 200-day simple moving average of $127.90. The company has a quick ratio of 0.48, a current ratio of 0.88 and a debt-to-equity ratio of 1.71. The company has a market cap of $33.19 billion, a PE ratio of 29.40, a PEG ratio of 3.41 and a beta of 0.09. Hershey Co has a twelve month low of $98.50 and a twelve month high of $158.79.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, July 25th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.13. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.77 billion. Hershey had a return on equity of 83.29% and a net margin of 15.51%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. As a group, equities research analysts predict that Hershey Co will post 5.74 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 23rd will be paid a $0.773 dividend. This represents a $3.09 dividend on an annualized basis and a yield of 1.96%. This is an increase from Hershey’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, August 22nd. Hershey’s dividend payout ratio (DPR) is 53.92%.

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.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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