$477.05M worth of The Hershey Company (NYSE:HSY) shares were sold by HERSHEY TRUST CO. The fund owned 30,433 shares of the company's stock after selling 15,625 shares during the period. Lourd Capital LLC's holdings in Hershey were worth $896,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Valeo Financial Advisors LLC bought a new position in Hershey in the third quarter worth $174,000. WFG Advisors LP now owns 998 shares of the company's stock worth $107,000 after purchasing an additional 201 shares in the last quarter. They expect $0.93 EPS, down 21.85% or $0.26 from last year's $1.19 per share. APG Asset Management N.V. now owns 1,297,179 shares of the company's stock worth $141,613,000 after buying an additional 1,046,500 shares in the last quarter. Insiders sold a total of 17,117 shares of company stock valued at $1,855,629 in the last quarter. It also reduced its holding in Proshares Tr by 12,510 shares in the quarter, leaving it with 95,669 shares, and cut its stake in Coach Inc (NYSE:COH). Following the sale, the insider now owns 164,897 shares of the company's stock, valued at $17,808,876. Susquehanna maintained the shares of HSY in report on Thursday, June 15 with "Hold" rating. Sanford C. Bernstein set a $124.00 target price on Hershey and gave the stock a "buy" rating in a report on Tuesday, December 19th. BMO Capital Markets reiterated a "hold" rating and issued a $105.00 price objective on shares of Hershey in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Hershey from a "buy" rating to a "hold" rating in a report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company.
In related news, CEO Michele Buck sold 400 shares of the company's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $108.00, for a total value of $43,200.00. Following the completion of the transaction, the chief executive officer now owns 163,697 shares in the company, valued at approximately $18,260,400.35. The disclosure for this sale can be found here. I have no business relationship with any company whose stock is mentioned in this article.
Hershey (NYSE:HSY)'s stock had its "hold" rating reissued by equities research analysts at Royal Bank of Canada in a report released on Tuesday. The stock had a trading volume of 3,160,000 shares, compared to its average volume of 858,029. The company has managed to keep price to sales ratio of 2.94. The stock has a market capitalization of $23,074.46, a price-to-earnings ratio of 22.35, a PEG ratio of 2.75 and a beta of 0.38. The Hershey Company (NYSE:HSY) has risen 23.54% since February 1, 2017 and is uptrending. After having $1.33 EPS previously, The Hershey Company's analysts see -19.55% EPS growth. Cost of sales fell about 10 percent to $1.1 billion in the fourth quarter.
Hershey's fourth quarter experienced declining volumes (-2.3%), margins, and sales, as well as a miss on both its top and bottom lines. Rodgers Brothers Inc. increased its position in Hershey by 5.6% during the third quarter. Sun Life Financial INC now owns 1,019 shares of the company's stock worth $109,000 after purchasing an additional 1,011 shares in the last quarter.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. This represents a $2.62 annualized dividend and a dividend yield of 2.53%.
Hershey (NYSE:HSY) to go ex-dividend. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
TRADEMARK VIOLATION WARNING: "Bath Savings Trust Co Purchases 1,863 Shares of Hershey Co (NYSE:HSY)" was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online.
Hershey (NYSE HSY) opened at $110.33 on Tuesday. 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.